Word to this:
"The president has a golden opportunity. Larry Summers is leaving soon as director of the National Economic Council, and Obama’s aides are leaking names of possible replacements. Among the luminaries being floated in the press by “people familiar with Obama’s thinking” are Citigroup Chairman Richard Parsons and former Xerox Chief Executive Officer Anne Mulcahy."
"There’s much we can learn about the kind of person the president is looking for by studying these two contenders’ credentials. In addition to CEO chops, it seems Obama is seeking someone who also has served on the board of directors of at least one company that either had a massive accounting scandal, blew up so spectacularly that it threatened to take down the global financial system, or both."
Source: http://www.bloomberg.com/news/2010-09-3 … -weil.html
At least we have Elizabeth Warren looking out for the little guy now, but aside from her, I have to say Obama's choices for financial advisers have been one of the most disappointing aspects of his presidency for me. Hiring the same Big Finance leaders who just ran the entire world economy into the ground to fix it is something Republicans are supposed to do, not Democrats. We can probably blame Bill Clinton for buying into the Republican delusion that letting giant corporations do whatever they want is the ticket to a strong economy, leaving only the fringe wackos like Kucinich and Sanders to speak up for the poorer 95% of the country. Obama never pretended to be anything but a centrist, but it's disappointing to be repeatedly reminded how far right his economic views actually are.
by Jimbo'daNimbo4 years ago
Can you help?
by TMMason5 years ago
Yes, the "Summer Of Recovery", what a joke.Two years after the official start of the recovery, the American people remain pessimistic about their current economic circumstances and longer-term prospects. Fewer...
by Jesus was a hippo5 years ago
Quick poll to see what you all think.If you could throw Barack Obama out in exchange for George Bush would you do it?
by Grace Marguerite Williams4 years ago
harbinger of bad things to come? Do you believe that the economy will become worse as a result of President Obama's reelection? If you are a Democrat, do YOU regret voting for President Obama?
by Susie Lehto17 months ago
"This is the closest that we have come to repealing Obamacare."I am over joyed at the moment! I confuse that I thought Speaker of the House Ryan was another Republican Rhino like John Boehner. The...
by Geekdom16 months ago
I have been thinking of leaving HubPages for a while now because of several reasons. With their latest ebay/amazon update I now have to reformat over 90 hubs (Some had not been published yet and I was waiting for...
Copyright © 2017 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.