U.S. President Obama has nominated another one of his major fundraisers as ambassador to Canada. Like David Jacobson, the current ambassador, nominee Bruce Heyman was a “mega-bundler” for Obama’s presidential campaigns, helping to raise millions of dollars. Unlike Jacobson, a lawyer, Heyman is Wall Street all the way, having toiled at Goldman Sachs for the last 33 years, ultimately becoming a partner.
Goldman Sachs has had a bit of a love-hate relationship with Obama. In 2008, they were his major corporate donor, but in 2012 they switched to Romney. Not only was Romney a fellow Wall Streeter, Obama it seemed had not been sufficiently deferential. Nonetheless, Heyman remained loyal, serving with his wife, also a major fundraiser, on Obama’s National Finance Committee in 2012.
That these guys raised mega bucks for the president is a good thing for Canada. Little gets you closer to a politician than big money, and an ambassador close to the president is a valuable asset for us. Heyman has yet to be confirmed by the Senate (the elected American version), but so far that looks like a walk in the park.
So welcome to Canada, Ambassador Heyman. We'll try not to hold your association with Goldman Sachs against you.