For the past week the 'mainstream' media have been pushing the message out of the Obama administration, that the Republicans are resisting banking reform because they are in the pocket of big banks - like Goldman Sachs. And the message seems to resonate with average Americans.

But the truth is slowly leaking out that Obama is tied at the hip of Goldman.  It has been revealed that Obama has taken almost $1 million dollars in campaign donations from GS. Harry Reid, majority leader of the US Senate has also taken donations recently from GS. Probably the most serious of revelations is that the CEO of GS, Lloyd Blankfein has been a frequent visitor to the White House.

A commentator like myself could be called cynical for seeing a connection here. But, I found out long ago that cynicism helps one see reality more clearly than the pollyanna's in the general society are able to. The worst part, what if Obama's plan to villify the banking industry actually ends up giving him and his administration ultimate power over the banking industry.

In the California governor's race, the large newspapers are spreading stories about how the leading Republican contender is 'linked' to Goldman. This is followed up by the blogs, dominated by state employee unions, which continue to feed misinformation to the public. Kind of like if enough people tell the same lie, people will start to believe it.