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September 28th, 2009
06:36 AM ET

PolitiFact Truth-O-Meter

Editor's Note: PolitiFact.com is a project of the St. Petersburg Times that aims to help you find the truth in politics. Every day, reporters and researchers from the Times examine statements by members of Congress, the president, etc. They research their statements and then rate the accuracy on their Truth-O-Meter.

Barack Obama got many campaign contributions from Goldman Sachs

[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2009/images/09/28/moore.michael.gi.art.jpg caption="Filmmaker Michael Moore speaks at a rally and march to Wall Street on September 22, 2009 in New York City."]

Liberal filmmaker Michael Moore has a new film coming out - Capitalism: A Love Story - and he appeared on Comedy Central's The Colbert Report to promote it.

The show's ironically conservative host, Stephen Colbert, defended capitalism and the bailouts of late 2008, which led to a mock debate between them.

At first, Wall Street was actually angry about the bailouts, Colbert claimed. "because it might come with strings attached," he explained. "But they forgave Obama when he didn't add any. Now all is forgiven."

"That's why you like Obama so much now?" Moore asked.

"I don't like Obama so much," Colbert said. "On this, I do. And your film is helping me like Obama, because you're a critic of his. You think he's in the pocket of guys like Goldman Sachs."

"I point out in the film that Goldman Sachs is his No. 1 private contributor," Moore answered. "But I voted for the guy. I'm still hopeful that he's going to do the right thing and side with us, and not Wall Street. But the jury's out on that."

We'll let you draw your own conclusions on their debate. We wanted to check Moore's statement about Obama's contributors and the financial services firm Goldman Sachs.

The Truth-O-Meter says: TRUE

True

Read more: Goldman employees gave close to $1m

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