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. Bob in Pa

    Hmm, Sounds like a good show for Penn & Teller....

    April 21, 2010 09:00 pm at 9:00 pm |
  2. frank in valparaiso indiana

    When do Republicans lie? Every time they blog and every time they speak.

    CNN spends too much time on them.

    Balanced coverage doesn't mean time for hypocrites and liars.

    April 21, 2010 09:11 pm at 9:11 pm |
  3. Ha!!!

    So Dems had an Ad ready to go on Google 3hrs after they file charges. Gee how long does it takes to put together an ad? I seriously doubt 3hrs.

    I really doubt that. Nice try Google. We all know u guys are in bed with this Admin. That's why I use Bing!!!

    April 21, 2010 09:23 pm at 9:23 pm |
  4. Turnabout is Fair Play

    Nice try Rethugnicans but Googles Adword search logs are like cell phone towers and camera photos, they do NOT lie. You neo-cons lie so much and spread so much mis-information, is it any wonder that ordinary private companies step up to the plate to go to bat for the democrats? What's your next lie going to be so we can call you out on that one as well? Neo-con morons.

    April 21, 2010 09:26 pm at 9:26 pm |
  5. Greg, San Francisco, CA

    Darrell Issa is the same nutjob who spurred the recall of California Governor Gray Davis, hoping that the voters would elect him. Arnold got the vote and Issa literally cried. Now all Californians are crying because of this no account nutjob.

    April 21, 2010 09:29 pm at 9:29 pm |
  6. Denna

    As a voter, I question whether the GOP is actually earning their fat salaries. It seems to me that they are spending their time making up stories about President Obama and the Democrats instead of rolling up their sleeves and trying to undo the mess their own party made of this country.

    April 21, 2010 09:36 pm at 9:36 pm |
  7. Sniffit

    What have I been saying for months? Google is the GOP's worst enemy.

    The information and, once in a while, the truth is out there people ...all you have to do is be skeptical and learn to discern and trust credible sources ON YOUR OWN. Talking points sound sillier every day you practice.

    April 21, 2010 09:36 pm at 9:36 pm |
  8. Dave

    The GOP has always been about corporations over people since 1981. Are we really surprized here?

    April 21, 2010 09:50 pm at 9:50 pm |
  9. Liberalism is a mental disorder

    Surprise...didn't google contribute big dollars to BHO (in the top 10) along with Microsoft who is now getting tax payer dollars to create a online Budget game for BHO to prove to the fools "how difficult" it is to balance the budget?

    April 21, 2010 10:07 pm at 10:07 pm |

    Duh, Google is in the pockets of the wacky Dems. ALGORE IS ON THEIR BOARD for crying out loud! This article is totally contrived and total garbage!

    April 21, 2010 10:09 pm at 10:09 pm |
  11. Wallstreet...GOP'S BEST FRIEND

    If WE could read the republicans mind...WE would know all of their devious plans...

    which do not include the average American.

    Well, that's not exactly true...WE average Americans are included in their plans...more ways to steal OUR MONEY TO PUT IN THEIR POCKETS. HELLO!!!!


    I DON'T THINK SO!!!!

    April 21, 2010 10:26 pm at 10:26 pm |
  12. An 8 year old ELEPHANT dung heap, does not transform into compost in just 1 year!

    At this level as the press decimates the lies of Limprick, Brick and Oshannity, that should help the unemployment for journalist, just to cover and disclose the blatant lies. Could be a growth indurstry

    April 21, 2010 10:28 pm at 10:28 pm |
  13. Eddie B.

    The GOP will try anything to defend big business like Goldman Sachs, but then turn to people on Main Street and yell they are all about them. The worst two faced people on Earth.

    April 21, 2010 10:31 pm at 10:31 pm |
  14. Michael from Ventura

    The point here is what this company has done and almost gotten away with. Focus people!

    April 21, 2010 10:36 pm at 10:36 pm |
  15. Hope to Change

    Be strong Be so strong!!!!!! do not let Democrats tear us down again Republicans, Independence and conservetives. We have to be strong to pull our Country out of this reform things.

    April 21, 2010 10:44 pm at 10:44 pm |
  16. Jeff

    So help me understand... Are the Republicans upset the Democrats announced the SEC charges in an effort to get political mileage or are they upset that the Democrats utilized a long used Republican technique.

    Isn't this the party that just so happened to magically change the terror alert to "impending doom" right before elections in an effort to sway the voters as the Democrats were painted by the Republicans as "soft on terror."

    I think it's nice to see the Democrats finally step up and use Republican tactics against the GOP.

    April 21, 2010 10:47 pm at 10:47 pm |
  17. Jeff Spangler, Arlington, VA

    The real issue is the failed enforcement capabilities of the SEC, which has missed some of the most blatant frauds in history, and routinely ignores garden variety corporate securities violations which have become enshrined as part of the status quo. Why not hire someone like ex-con plaintiffs' securities lawyer Bill Lerach to tell them how to quickly identify fraud ans get a case filed years before the SEC?

    April 21, 2010 10:55 pm at 10:55 pm |
  18. Bob

    First of all, what a pretty stupid story in the first place. If laws have been broken, then the SEC is doing it's job. If the DNC want to capitalize on the additional web traffic, who cares. The only point is that the belief that Google would ever tell the truth. Their CEO is a hardcore Liberal and I would not put it past Google to "stretch" the truth. Sorry Google, the truth hurts.

    April 21, 2010 11:08 pm at 11:08 pm |
  19. ConstitutionalPatriot

    blah blah blah right vs. Left is a circus act to keep us asleep. They are all in bed with the bankers and corporate elite! Stop falling for their tricks aimed at keeping us divided so thay can conquer us! Google Ron Paul and find out about one of the only honest politicians in congress!

    April 21, 2010 11:28 pm at 11:28 pm |
  20. Ryan

    I love that when the GOP tries to put the spin on the DNC they get even MORE egg on thier face. They really are a party of half baked ideas ...when they aren't bring total obstructionists.

    April 21, 2010 11:35 pm at 11:35 pm |
  21. Liars

    So what about Freddie and Fannie...no mention of how much they have taken from us the tax payer. All this uproar about regulation when to my count you have the SEC, Treasury, FDIC, and even the Fed that are supposed to be monitoring wall street. Makes no sense to me to add another layer of government when 3 agencies (Fed excluded), cannot see the mess happening on their watch. Every company has to file SEC reports. I find it hard to believe that know on wondered how these banks and investment houses were making record profits.

    April 21, 2010 11:42 pm at 11:42 pm |
  22. m smith

    Ha Ha Ha stupid repos. If they spent half as much time getting things done for the people we would be in a lot better shape. But no they waste time on stuff like this and end up with egg on their faces

    April 21, 2010 11:53 pm at 11:53 pm |
  23. Ethan

    SICK AND TIRED OF ISSA AND THE REPUBLICAN LIE MACHINE. What have the Republicans EVER done for you, the little guy? THEY are the Wall Street shills. Their lies are so cynical and downright evil that their cloud of stench fogs out the REAL ISSUE. And that is that on the BUSH/GOP/TEAPUBLICAN WATCH, our economy was DEVASTATED while Wall Street STOLE from the taxpayers. Issa, Mitch McConnell, John Boehner, George W Bush, Dick Cheney, Marco Rubio, Jack Abramoff, Jim DeMint, John Ensign, on and on. What has the GOP EVER DONE to help YOU? They are the most disgusting group of fools ever.

    April 22, 2010 12:29 am at 12:29 am |
  24. Hope to Change

    Be strong Be very strong!!!!!! do not let Democrats rip us aparts like in 2008. Republicans, Independence and conservetives we have to be strong to pull our Country out of this reform things.

    April 22, 2010 01:03 am at 1:03 am |
  25. Patrick

    Yeah, well, the problem with conspiracy nuts is that any evidence that runs counter to their conspiracy theory is evidence of a cover up. Unfortunately people will believe stupid things if they want to and facts are unimportant.

    April 22, 2010 01:27 am at 1:27 am |
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