Friday, July 23, 2010
Another Obama misstep at OMB
"...Jacob “Jack” Lew may share an affection for market-driven reforms they say were too popular among Clinton’s staff and that he would support cuts to Social Security and Medicare."
Here he goes appointing a Clinton guy again. What's worse, this guy Lew worked with Robert Rubin and was in charge of Citigroup's "alternative asset" division up until 2006. That entire thing imploded. He's also on record as having firmly opposed derivatives regulation.
Terrible choice, terrible!
But this is what I've come to expect from Obama.
Subscribe to:
Post Comments (Atom)
3 comments:
"Its the economy stupid" -- The economy has always been the number one issue, yet only one president, JFK, appears to have studied economics.
Obama's stimulus helped to put a floor on the economic decline in '09, but otherwise his economic policies have been tremendous failures. This is one smart guy, but he hasn't surrounded himself with many good people and some of them are outright incompetent and possibly crooks.
It's a damn shame.
Citigroup should be broken up.
TB:
Yes and it was also JFK who understood that deficits didn't matter.
Post a Comment