Goldman Sachs CEO Lloyd Blankfein reacted to Eric Cantor’s stunning loss with shock and disappointment.
Responding to questions about Cantor’s loss to Tea Party backed Dave Brat in the Virginia primary race on CNBC’s Squawk Box, Blankfein called last night’s results “stunning.”
Of course, Blankfein was stunned because Goldman Sachs made a huge political investment in Cantor and his re-election. According to Open Secrets, Goldman Sachs PAC and employees gave Cantor $26,000 in political donations during the 2013-2014 cycle.
More enlightening than his comments about Cantor was Blankfein’s overall perspective on politics.
Blankfein wants compromise on all issues and hopes Cantor’s loss:
“…doesn’t mean it will be impossible from the point forward to compromise on issues like the budget, on immigration policy or any of the issues racking the country. At the end of the day, I don’t look forward to a time when every legislator goes to Washington absolutely committed to an extreme point of view and can you never resolve anything, can you never move forward.”
Translation: he hates principled politicians and prefers those he can manipulate with money.
Read more here.