Code_Name_D
11-08-2008, 09:06 AM
Warren Buffett: Billionaire, Businessman and philanthropist. He is the largest shareholder and CEO of Berkshire Hathaway.
Eric Schmidt: Chairman and CEO of Google Inc. He is also a member of the Board of Directors of Apple Inc.
Paul Volcker:strong> An American economist. Under Presidents Jimmy Carter and Ronald Reagan he was the Chairman of the Federal Reserve.
William Donaldson: In 2003 became the 27th Chairman of the U.S. Securities and Exchange Commission. He was Under Secretary of State during the Nixon administration. He also served as the CEO of the New York Stock Exchange.
Robert Rubin: Director and Senior Counselor of Citigroup. The 5th Chairman of the Council on Foreign Relations and 70th United States Secretary of the Treasury during both Clinton Administrations.
William Daley: 32nd United States Secretary of Commerce. A lawyer and business executive.
Lawrence Summers:strong> An American economist. 71st United States Secretary of the Treasury during the last year of the Clinton administration.
Roger Ferguson: President and Chief Executive Officer of TIAA-CREF. He was a former Vice Chairman of the Board of Governors of the Federal Reserve System.
Richard Parsons: Chairman of the Board, Time Warner. On the board of directors at Citigroup.
Anne Mulcahy: Chairman of the board and chief executive officer of Xerox Corporation. She is a member of the boards of directors of Catalyst, Citigroup Inc., Target Corporation and Fuji Xerox.
Roel Campos: In 2002 he was sworn in as a Commissioner of the United States Securities and Exchange Commission. In 2005, President George W. Bush swore him in for his second term.
Don’t expect economic rescue from this bunch.
Right from the get go, you know that when the “liberal biased media” gives you a standing ovation for your list of economic advisers, that this can’t be a good thing. You even have holdovers from the Ragan and NIXON Administration! WHAT? Heck, I am surprised he doesn’t have Kenneth Lay on the team. (Oh yay, he is supposed to be dead, isn’t he.)
Already, I am getting signs that Obama’s economic reforms are doomed from the get go. The list of people he has to build this plan, many of who were responsible for laying down the foundation of the disaster, is an ominous sign.
Another bad sign is Obama’s sudden “silence” about the economy. He has said that he can’t talk about it without causing the economy to crumble further. In other words, he thinks it’s more important to build the elusion of a strong economy, than to actually take the painful steps to rain in the runaway corporations in order to build a sustainable economy.
While many are still euphoric, and even hung over from Obama’s victory, the wheals of betrayal have already been set into motion.
This is exactly the last thing he needs to do. If people knew the truth about how bad the economy was in, and how it collapsed; their would be mob rights in Wall Street with high-rollers being torn limb form limb by angry betrayed presents. There would be wide spread demands that CEO be arrested and tried for theft of trillions of dollars. The demands that Bush and his cronies be tried for treason and war crimes would grow to global defending levels. And this MUST be done if there is to be any hope of turning the economy around. (Okay, maybe we could do it without burning Wall Street to the ground. Fun to think about though.)
It’s a bit too soon to say for sure, but it looks like Obama is going to do the opposite. He is going to attempt to save the economy by saving the reputations of those who destroyed it in the first place, their by “restoring” the confidence in the economy.
The real truth is that the Regain/Bush/Clinton/Bush economy was unsustainable from the get go, and can not be saved. The mortgage melt down is analogues to the meteorite that struck the earth, dooming the large multinational corporations to a dinosaur like extinction. It can not be saved, all though one can still blow 100 of trillions of dollars in the futile effort.
Eric Schmidt: Chairman and CEO of Google Inc. He is also a member of the Board of Directors of Apple Inc.
Paul Volcker:strong> An American economist. Under Presidents Jimmy Carter and Ronald Reagan he was the Chairman of the Federal Reserve.
William Donaldson: In 2003 became the 27th Chairman of the U.S. Securities and Exchange Commission. He was Under Secretary of State during the Nixon administration. He also served as the CEO of the New York Stock Exchange.
Robert Rubin: Director and Senior Counselor of Citigroup. The 5th Chairman of the Council on Foreign Relations and 70th United States Secretary of the Treasury during both Clinton Administrations.
William Daley: 32nd United States Secretary of Commerce. A lawyer and business executive.
Lawrence Summers:strong> An American economist. 71st United States Secretary of the Treasury during the last year of the Clinton administration.
Roger Ferguson: President and Chief Executive Officer of TIAA-CREF. He was a former Vice Chairman of the Board of Governors of the Federal Reserve System.
Richard Parsons: Chairman of the Board, Time Warner. On the board of directors at Citigroup.
Anne Mulcahy: Chairman of the board and chief executive officer of Xerox Corporation. She is a member of the boards of directors of Catalyst, Citigroup Inc., Target Corporation and Fuji Xerox.
Roel Campos: In 2002 he was sworn in as a Commissioner of the United States Securities and Exchange Commission. In 2005, President George W. Bush swore him in for his second term.
Don’t expect economic rescue from this bunch.
Right from the get go, you know that when the “liberal biased media” gives you a standing ovation for your list of economic advisers, that this can’t be a good thing. You even have holdovers from the Ragan and NIXON Administration! WHAT? Heck, I am surprised he doesn’t have Kenneth Lay on the team. (Oh yay, he is supposed to be dead, isn’t he.)
Already, I am getting signs that Obama’s economic reforms are doomed from the get go. The list of people he has to build this plan, many of who were responsible for laying down the foundation of the disaster, is an ominous sign.
Another bad sign is Obama’s sudden “silence” about the economy. He has said that he can’t talk about it without causing the economy to crumble further. In other words, he thinks it’s more important to build the elusion of a strong economy, than to actually take the painful steps to rain in the runaway corporations in order to build a sustainable economy.
While many are still euphoric, and even hung over from Obama’s victory, the wheals of betrayal have already been set into motion.
This is exactly the last thing he needs to do. If people knew the truth about how bad the economy was in, and how it collapsed; their would be mob rights in Wall Street with high-rollers being torn limb form limb by angry betrayed presents. There would be wide spread demands that CEO be arrested and tried for theft of trillions of dollars. The demands that Bush and his cronies be tried for treason and war crimes would grow to global defending levels. And this MUST be done if there is to be any hope of turning the economy around. (Okay, maybe we could do it without burning Wall Street to the ground. Fun to think about though.)
It’s a bit too soon to say for sure, but it looks like Obama is going to do the opposite. He is going to attempt to save the economy by saving the reputations of those who destroyed it in the first place, their by “restoring” the confidence in the economy.
The real truth is that the Regain/Bush/Clinton/Bush economy was unsustainable from the get go, and can not be saved. The mortgage melt down is analogues to the meteorite that struck the earth, dooming the large multinational corporations to a dinosaur like extinction. It can not be saved, all though one can still blow 100 of trillions of dollars in the futile effort.