An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Thursday, November 20, 2008
Peter Orszag: Obama's pick for OMB
”Peter Orszag, the head of the Congressional Budget Office, was picked to head Obama’s Office of Management and Budget, a top Democratic source told CNN on Tuesday. Orszag worked at the Clinton White House as special assistant to the president at the National Economic Council and served on the Council of Economic Advisers.”
Orszag has written on the dangers of rising deficits for interest rates, and on the government’s fiscal “gap” into the infinite horizon, to head OMB.
Change we can believe in?
Howdy
ReplyDeleteI thought you liked a real strong dollar policy and not lip service we got the past 8 years.
What about Clinton's strong dollar, gridlock with Republican congress, government surplus, and national surplus and moderate tax rates ?
What about speculation ? More importantly what about outright collusion to increase prices at will and lower them slightly before every election and now during the down time during the lame duck moments ?
When they started forking out the first stimulus "REBATE" checks 7 years ago, I KNEW they would be rolling out the red carpet to welcome National HealthCare since they would be releasing the surplus from Clinton on purpose and for bribing us for the 2004 votes ...
ReplyDeleteand what did everyone do with their rebate bribes ?
paid for the new high oil prices ...
So it when from the US treasury to the consumers and to the Oil companies and in part to subsidize
the future bailout wanting of the big guzzer auto makers.
this ain't a free market