April 21st, 2010
08:54 PM ET
12 years ago

Google backs up DNC after GOP claims of Goldman conspiracy

Washington (CNN) - Republicans have questioned in recent days whether the White House and the Democratic National Committee coordinated with the Securities and Exchange Commission to get political mileage out of the SEC's fraud charges against Goldman Sachs.

President Obama, the DNC and even the SEC have adamantly denied the accusation of political collusion. And now Google is, too.

The GOP case is based partly on the fact that the DNC used Google Adwords to bid on the search terms "Goldman Sachs" and "SEC" soon after the charges were filed on Friday - meaning that whenever a person searched Google for those terms, they also viewed targeted ads for a DNC website about "Wall Street greed."

Rep. Darrell Issa, R-California, the ranking member of House Oversight and Government Reform Committee, sent a letter to the chairman of the SEC on Tuesday pointing out the timing of the ad buy, which he said "neatly coincided" with the Goldman charges.

Google is now saying that's not the case.

The SEC charges hit Goldman before 11 a.m. ET on Friday morning.

The DNC said the Adwords were bid on at 2 p.m. on Friday. Google confirmed the DNC's timing of the purchase to CNN on Wednesday.

Not surprisingly, the DNC trumpeted the news.

"This conclusive evidence is the final nail in the coffin of this ridiculous Republican conspiracy theory," said DNC spokesman Hari Sevugan. "Now that their red herring has been shot down, Republicans can no longer hide from the fact that they are standing with big Wall Street banks instead of Main Street families."

Filed under: DNC • Goldman Sachs • President Obama • SEC
soundoff (29 Responses)
  1. Aaron

    The Repubs have no problems in coming up with this nonsense. The country would be better served if they made an effort to keep their crooked cohorts in line instead of wasting time on this rigamarole.

    April 22, 2010 01:43 am at 1:43 am |
  2. sam23

    I would surmise that simply proving that the GOP is lying about this will not be enough. I have yet to see the GOP let facts or truth stand in the way of a good conspiracy theory. The hate jocks will take the innuendo and run with it and Fox propoganda network will do the bidding of thier wallstreet owners.They have no problem perpetuating a myth.

    April 22, 2010 01:44 am at 1:44 am |
  3. dale

    Dnc is as crooked as it gets. They are in with TV producers, medias and every mind twisting scheme out there. They do not think that American people are smart enough to see this. Wait til Nov.
    Our ancestors left their countries to come here to get away from what obama and admin are introducing. It's not new, it's just a repeat of failed history and people are to ignorant to see it.

    April 22, 2010 08:36 am at 8:36 am |
  4. dale

    The real question should be, is the founders of google liberals? If yes, of course they will deny this. Do you realize how much trouble they would be in if they said it was true?
    This artical isn't worth the space on this website

    April 22, 2010 09:38 am at 9:38 am |
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