Scarecrow
Sunday June 5, 2011
http://my.firedoglake.com/scarecrow/2011/06/05/austan-goolsbee-defends-presidents-romneys-economic-plan
If I’d been asleep for the last decade and woke up to ABC This Week’s interview of Presidential economic advisor Austan Goolgbee, I would assume that Mitt Romney won the 2008 election, that he was predictably following Republican dogma about how to recover from a severe financial collapse and recession and that intelligent media folks like Christiane Amanpour were realizing those standard GOP policies aren’t working.
Goolsbee correctly told us that a smart economist wouldn’t get overly excited about one month’s jobs and growth numbers but would instead look at the overall trend. Of course what he wouldn’t want to concede is that GDP grew at a meager annual rate of 1.8 percent over the first three months of 2011 and so far was predicted to grow at only 2.8 percent for the next three. And the overall trend for job growth was still not enough to make a serious dent in unemployment unless you believe taking 5-10 years to get back to full employment is okay.
So Goolsbee was in denial from the opening moment because he didn’t have a decent story to tell even in his own framework. When Amanpour asked him what the Administration could or should be doing to improve conditions, he ticked off items you’d expect to hear from a typical GOP Presidential adviser: we’ve got to get the debt under control; we have a White House effort to identify and get rid of governmental regulations that are preventing the private sector from growing the economy; we should pass “free trade” agreements backed by the Chamber of Commerce; and we should leverage limited public dollars to release billions in private funding for investments.
Goolsbee’s bottom line: “It’s now up to the private sector.” That’s exactly what you’d expect from President Romney’s economic adviser.
It took Paul Krugman and Chrystia Freeland, over the absurd denials by Martin Regalia of the Chamber of Commerce, to remind ABC’s audience that business confidence and concerns about taxes and regulations aren’t the problem: business polls repeatedly show businesses aren’t expanding/hiring much because the demand for their products is weak. Demand is weak because the recession and the housing market crash depleted consumers’ wealth and they’re worried about losing their homes and jobs. You don’t need a degree in economics to grasp the logic of that. When private spending is still depressed, only government spending is keeping the economy afloat, and the stimulus is phasing out.
Goolsbee pointed to Joe Biden’s talks, but it’s blindingly obvious the Biden effort is counter-productive. Democrats should be demanding it be refocused on jobs or shut down.
Regalia’s main talking point, completely unsupported by theory, logic or facts, is that the economy would boom if only the government would “get out of the way.” It’s a wonderful myth if you’re fronting for Wall Street, trying to defang the puny financial regulations from Dodd-Frank, and think the greatest threat to Wall Street’s continued looting is Elizabeth Warren. But we should remember the “get out of the way” mantra the next time Wall Street self immolates, tanks the economy and a former Goldman Sachs CEO become Treasury Secretary gets on his knees to beg Nancy Pelosi to bail out every major Western bank on the planet.
I’m sure I imagined all this. The country wouldn’t possibly be dumb enough to elect an unprincipled moral chameleon like Mitt Romney President. And we’d never put up with someone as defensive and unconvincing as Goolsbee was today, though we’d wonder how the voters got taken.
No, that couldn’t be real, so when I really wake up, I’ll let you know what the adviser for the actual Democratic President said today about the sagging economy and the undefensible unemployment numbers.
Showing posts with label Austan Goolsbee. Show all posts
Showing posts with label Austan Goolsbee. Show all posts
Tuesday, June 21, 2011
Sunday, September 20, 2009
Beast of the Month - May 2009
Beast of the Month - May 2009
Timothy Geithner
Obamanomics Mastermind
"I yam an anti-Christ..."
John Lydon (aka Johnny Rotten) of The Sex Pistols, "Anarchy in the UK"
"While the boss man takes his bonus pay and jets on out of town
And DC's bailing out them bankers as the farmers auction ground
Yeah while they're living it up on Wall Street in that New York City town
Here in the real world they're shuttin' Detroit down"
John Rich, "Shuttin' Detroit Down"
Well, it's been 100 days into the Obama Administration, and already a picture of the next four years is becoming pretty evident. True, he isn't the combo of Hitler, Stalin and Chairman Mao that the "teabaggers" (quit snickering!) of the Beck-Hannity-Limbaugh crowd try to make him out as. On the other hand, he clearly isn't the perfect mixture of JFK, MLK & Jesus Christ that the so-called "progressive" cultists fantasize he is either.
Say what you will about the teabaggers, but their anger at Barack Hussein Obama, however misdirected, at least seems like the logical response to the looting of America that has continued under his reign. Indeed, it seems that the left is far more delusional about what Barack Obama is than the Fox News watchers could ever be as they continue to wave pom-poms for the dude. For the general direction of the Obama Administration is exactly what The Konformist warned it would be: a sniveling betrayal of the duped progressives who supported his election victory as he bootlicks Wall Street and the Pentagon.
To be fair, Prez Obama hasn't been as terrible as some predicted he'd be. (And he certainly isn't as bad as George W. Bush, though that's hardly an amazing feat.) The good news: he has yet to launch World War III against Russia and/or China. Of course, the main reason is because there's no money left to finance WWIII after the massive swindling by the banksters and Wall Street under his reign, and that of his Treasury Secretary Timothy Geithner, The Konformist Beast of the Month.
Under Geithner and Team Obama, the siphoning of bucks to prop up the Wall Street monoliths has continued unabated. And though the Obama Administration pushed through a $787 billion "stimulus" program as well as a $75 billion plan to help homeowners facing foreclosure, the general direction of the Obama years is definitely still slanted towards funneling money to the powerful few. Indeed, though the $787 billion was more than the Wall Street Bailout - no doubt done to convince the public they've received more help than the bankers have - the vast majority of these dollars will only come to the poor, working class and middle class indirectly, if at all. Likewise, the foreclosure plan appears to be just enough to help only the subprime debtors who the financial system can profit off via the aid. Tellingly, it is the stimulus program and the homeowner plan that became the focus of the rage ranted over the airwaves by reactionary blowhards like Glenn Beck, Sean Hannity and Rick Santelli rather than the Wall Street Bailout. This appears to be a calculated obfuscation by these loathsome pundits. The end result is threefold: one, to channel the legitimate anger of the masses at the economic crisis towards those who are the victims rather than the perpetrators; two, to make it seem that it is only right-wing nut jobs and racists who oppose Obamanomics; and three, to frame the Obama economic policies as far left via distortion and shift the entire debate even farther to the right than before.
After the stimulus plan was pushed through, the Obama Administration offered up a trillion dollar "toxic assets" bailout for Wall Street. (In fact, it appears the push to get the stimulus program passed so quickly was because another round of obscene Wall Street handouts without a penny to the public would've been too in-your-face class warfare.) The plan puts federal funds to back 97 percent of the money used to buy away these bad assets, with the loans and three quarters of all losses backed by Uncle Sam. The investors in this scam will thus have their losses pretty much covered with a big upside for any financial rewards. All in all, the plan seems to be born from the big business philosophy of "socialize the costs, privatize the profits."
While the Obama team has been warm and snuggly to Wall Street, they have been equally ruthless to anyone with a United Auto Workers union card. While they coddle the bankers with trillions in bailouts, the pocket change handed to the Detroit Big Three was conditional on UAW workers accepting massive layoffs, pay cuts and reductions in retiree benefits. This shouldn't be too surprising, as the head of Obama's Auto Task Force is a real life Gordon Gekko in Steve Rattner, a corporate raider who has made a living crushing worker benefits for personal profits.
All this seems to follow the reactionary pattern that's been in place since the Wall Street Bailout of last October. Which leads to a logical question: just who was behind the bailout in the first place? As it turns out, a key player in creating the TARP program was the president of the New York Federal Reserve Bank at the time. This was none other than (drum roll please) Timothy Geithner himself.
The appointments of guys like Rattner and Geithner shouldn't be too surprising either: as has been noted on The Konformist, Obama has long surrounded himself with the most right-wing elements economically tied to the Democratic Party. This includes Austan Goolsbee, the University of Chicago professor who is on the "left" side of the far-right economic program made famous thanks to Milton Friedman. Goolsbee was named staff director and chief economist for the Economic Recovery Advisory Board, whose chairman, also appointed by Obama, is former Federal Reserve chairman Paul Volcker, the man whose ruthless monetary policies (also inspired by Milton Friedman) led to a nasty recession that nearly destroyed Ronald Reagan's presidency in its first term.
Beyond just surrounding himself with right-wingers, Obama's positions, even before his election, were decidedly to the right of Edwards and Clinton. Indeed, though it is almost never acknowledged, by the end of the 2008 campaign, John McCain had offered a far more generous solution to foreclosure victims than any Obama proposal. Of course, Obama may have been too busy raising a record $650 million dollars to show any concern for these bitter financial victims. And though the sales job of Obama feigns his campaign was fueled by small donors, the Campaign Finance Institute concluded Obama "raised significantly more large-donor money in absolute terms than any of his rivals or predecessors." (It should be mentioned as almost an afterthought that Obama's VP pick, Joe Biden of Delaware, is so tied to the banking industry he has earned the nickname of "Credit Card Joe" for his efforts.)
The punch line in this rightward tilt in Obamanomics: after repeatedly being accused of being a far-left socialist by the Beck-Hannity-Limbaugh crowd, the left will be blamed for any failures in his economic programs. The general suspicion of The Konformist staff is the stimulus program will be enough to stop a major depression, but not enough to stop a lingering recession. Meanwhile, in January, economist Paul Craig Roberts warned the deficit would be $3 trillion in 2009, and his projection looks more accurate by the day than the predictions of others. With the unemployment rate looking to hit double digits soon, it appears there's a lot of failure ready to be pinned on the left in the coming years.
In any case, we salute Timothy Geithner as Beast of the Month. Congratulations, and keep up the great work, Timmy!!!
Sources:
Allen, Mike. "Volcker Will Head New Obama Board." Yahoo News 26 November 2008 <http://news.yahoo.com/s/politico/20081126/pl_politico/15997>.
"Credit Card Joe." The Real Joe Biden. 24 August 2008 <http://therealjoebiden.wordpress.com/2008/08/24/credit-card-joe>.
Eley, Tom. "Buyer Beware! Obama Named 'Marketer of the Year'." World Socialist Web Site 6 December 2008 <http://www.wsws.org/articles/2008/dec2008/obad-d06.shtml>.
Grey, Barry. "Wall Street Celebrates Government Windfall for Banks and Big Investors." World Socialist Web Site 24 March 2009 <http://wsws.org/articles/2009/mar2009/toxi-m24.shtml>.
Marshall, Bruce. "Barack 'Hoover' Obama." Rense.com 11 March 2009 <http://rense.com/general85/hoov.htm>.
"Obama: 'Everybody Thinks They’re Economists'." Infowars 6 February 2009 <http://www.infowars.com/obama-everybody-thinks-theyre-economists>.
"Reality Check: Obama Received About the Same Percentage from Small Donors in 2008 as Bush in 2004." The Campaign Finance Institute 24 November 2008 <http://www.cfinst.org/pr/prRelease.aspx?ReleaseID=216>.
Roberts, Paul Craig. "Another Real Estate Crisis Is About to Hit." Online Journal 23 January 2009 <http://onlinejournal.com/artman/publish/article_4274.shtml>.
Sirota, David. "Obama's Gordon Gekko Targets Union Workers." OurFuture.org 31 March 2009 <http://www.ourfuture.org/blog-entry/2009031431/obamas-gordon-gekko-targets-union-workers-0>.
Tarpley, Webster G. "Defeat Obama - Advice For Voters." Rense.com 3 November 2008 <http://www.rense.com/general83/advi.htm>.
Tarpley, Webster G. "Motormouth Joe Biden - Warmonger, Wordmonger And Political Hit Man." Rense.com 25 August 2008 <http://rense.com/general83/biden.htm>.
Timothy Geithner
Obamanomics Mastermind
"I yam an anti-Christ..."
John Lydon (aka Johnny Rotten) of The Sex Pistols, "Anarchy in the UK"
"While the boss man takes his bonus pay and jets on out of town
And DC's bailing out them bankers as the farmers auction ground
Yeah while they're living it up on Wall Street in that New York City town
Here in the real world they're shuttin' Detroit down"
John Rich, "Shuttin' Detroit Down"
Well, it's been 100 days into the Obama Administration, and already a picture of the next four years is becoming pretty evident. True, he isn't the combo of Hitler, Stalin and Chairman Mao that the "teabaggers" (quit snickering!) of the Beck-Hannity-Limbaugh crowd try to make him out as. On the other hand, he clearly isn't the perfect mixture of JFK, MLK & Jesus Christ that the so-called "progressive" cultists fantasize he is either.
Say what you will about the teabaggers, but their anger at Barack Hussein Obama, however misdirected, at least seems like the logical response to the looting of America that has continued under his reign. Indeed, it seems that the left is far more delusional about what Barack Obama is than the Fox News watchers could ever be as they continue to wave pom-poms for the dude. For the general direction of the Obama Administration is exactly what The Konformist warned it would be: a sniveling betrayal of the duped progressives who supported his election victory as he bootlicks Wall Street and the Pentagon.
To be fair, Prez Obama hasn't been as terrible as some predicted he'd be. (And he certainly isn't as bad as George W. Bush, though that's hardly an amazing feat.) The good news: he has yet to launch World War III against Russia and/or China. Of course, the main reason is because there's no money left to finance WWIII after the massive swindling by the banksters and Wall Street under his reign, and that of his Treasury Secretary Timothy Geithner, The Konformist Beast of the Month.
Under Geithner and Team Obama, the siphoning of bucks to prop up the Wall Street monoliths has continued unabated. And though the Obama Administration pushed through a $787 billion "stimulus" program as well as a $75 billion plan to help homeowners facing foreclosure, the general direction of the Obama years is definitely still slanted towards funneling money to the powerful few. Indeed, though the $787 billion was more than the Wall Street Bailout - no doubt done to convince the public they've received more help than the bankers have - the vast majority of these dollars will only come to the poor, working class and middle class indirectly, if at all. Likewise, the foreclosure plan appears to be just enough to help only the subprime debtors who the financial system can profit off via the aid. Tellingly, it is the stimulus program and the homeowner plan that became the focus of the rage ranted over the airwaves by reactionary blowhards like Glenn Beck, Sean Hannity and Rick Santelli rather than the Wall Street Bailout. This appears to be a calculated obfuscation by these loathsome pundits. The end result is threefold: one, to channel the legitimate anger of the masses at the economic crisis towards those who are the victims rather than the perpetrators; two, to make it seem that it is only right-wing nut jobs and racists who oppose Obamanomics; and three, to frame the Obama economic policies as far left via distortion and shift the entire debate even farther to the right than before.
After the stimulus plan was pushed through, the Obama Administration offered up a trillion dollar "toxic assets" bailout for Wall Street. (In fact, it appears the push to get the stimulus program passed so quickly was because another round of obscene Wall Street handouts without a penny to the public would've been too in-your-face class warfare.) The plan puts federal funds to back 97 percent of the money used to buy away these bad assets, with the loans and three quarters of all losses backed by Uncle Sam. The investors in this scam will thus have their losses pretty much covered with a big upside for any financial rewards. All in all, the plan seems to be born from the big business philosophy of "socialize the costs, privatize the profits."
While the Obama team has been warm and snuggly to Wall Street, they have been equally ruthless to anyone with a United Auto Workers union card. While they coddle the bankers with trillions in bailouts, the pocket change handed to the Detroit Big Three was conditional on UAW workers accepting massive layoffs, pay cuts and reductions in retiree benefits. This shouldn't be too surprising, as the head of Obama's Auto Task Force is a real life Gordon Gekko in Steve Rattner, a corporate raider who has made a living crushing worker benefits for personal profits.
All this seems to follow the reactionary pattern that's been in place since the Wall Street Bailout of last October. Which leads to a logical question: just who was behind the bailout in the first place? As it turns out, a key player in creating the TARP program was the president of the New York Federal Reserve Bank at the time. This was none other than (drum roll please) Timothy Geithner himself.
The appointments of guys like Rattner and Geithner shouldn't be too surprising either: as has been noted on The Konformist, Obama has long surrounded himself with the most right-wing elements economically tied to the Democratic Party. This includes Austan Goolsbee, the University of Chicago professor who is on the "left" side of the far-right economic program made famous thanks to Milton Friedman. Goolsbee was named staff director and chief economist for the Economic Recovery Advisory Board, whose chairman, also appointed by Obama, is former Federal Reserve chairman Paul Volcker, the man whose ruthless monetary policies (also inspired by Milton Friedman) led to a nasty recession that nearly destroyed Ronald Reagan's presidency in its first term.
Beyond just surrounding himself with right-wingers, Obama's positions, even before his election, were decidedly to the right of Edwards and Clinton. Indeed, though it is almost never acknowledged, by the end of the 2008 campaign, John McCain had offered a far more generous solution to foreclosure victims than any Obama proposal. Of course, Obama may have been too busy raising a record $650 million dollars to show any concern for these bitter financial victims. And though the sales job of Obama feigns his campaign was fueled by small donors, the Campaign Finance Institute concluded Obama "raised significantly more large-donor money in absolute terms than any of his rivals or predecessors." (It should be mentioned as almost an afterthought that Obama's VP pick, Joe Biden of Delaware, is so tied to the banking industry he has earned the nickname of "Credit Card Joe" for his efforts.)
The punch line in this rightward tilt in Obamanomics: after repeatedly being accused of being a far-left socialist by the Beck-Hannity-Limbaugh crowd, the left will be blamed for any failures in his economic programs. The general suspicion of The Konformist staff is the stimulus program will be enough to stop a major depression, but not enough to stop a lingering recession. Meanwhile, in January, economist Paul Craig Roberts warned the deficit would be $3 trillion in 2009, and his projection looks more accurate by the day than the predictions of others. With the unemployment rate looking to hit double digits soon, it appears there's a lot of failure ready to be pinned on the left in the coming years.
In any case, we salute Timothy Geithner as Beast of the Month. Congratulations, and keep up the great work, Timmy!!!
Sources:
Allen, Mike. "Volcker Will Head New Obama Board." Yahoo News 26 November 2008 <http://news.yahoo.com/s/politico/20081126/pl_politico/15997>.
"Credit Card Joe." The Real Joe Biden. 24 August 2008 <http://therealjoebiden.wordpress.com/2008/08/24/credit-card-joe>.
Eley, Tom. "Buyer Beware! Obama Named 'Marketer of the Year'." World Socialist Web Site 6 December 2008 <http://www.wsws.org/articles/2008/dec2008/obad-d06.shtml>.
Grey, Barry. "Wall Street Celebrates Government Windfall for Banks and Big Investors." World Socialist Web Site 24 March 2009 <http://wsws.org/articles/2009/mar2009/toxi-m24.shtml>.
Marshall, Bruce. "Barack 'Hoover' Obama." Rense.com 11 March 2009 <http://rense.com/general85/hoov.htm>.
"Obama: 'Everybody Thinks They’re Economists'." Infowars 6 February 2009 <http://www.infowars.com/obama-everybody-thinks-theyre-economists>.
"Reality Check: Obama Received About the Same Percentage from Small Donors in 2008 as Bush in 2004." The Campaign Finance Institute 24 November 2008 <http://www.cfinst.org/pr/prRelease.aspx?ReleaseID=216>.
Roberts, Paul Craig. "Another Real Estate Crisis Is About to Hit." Online Journal 23 January 2009 <http://onlinejournal.com/artman/publish/article_4274.shtml>.
Sirota, David. "Obama's Gordon Gekko Targets Union Workers." OurFuture.org 31 March 2009 <http://www.ourfuture.org/blog-entry/2009031431/obamas-gordon-gekko-targets-union-workers-0>.
Tarpley, Webster G. "Defeat Obama - Advice For Voters." Rense.com 3 November 2008 <http://www.rense.com/general83/advi.htm>.
Tarpley, Webster G. "Motormouth Joe Biden - Warmonger, Wordmonger And Political Hit Man." Rense.com 25 August 2008 <http://rense.com/general83/biden.htm>.
Wednesday, February 11, 2009
Obama: “Everybody thinks they’re economists”
http://www.infowars.com/obama-everybody-thinks-theyre-economists/
Obama: “Everybody thinks they’re economists”
Infowars
February 6, 2009
The Associated Press reports:
President Barack Obama says in Washington these days, everyone’s an economist—or thinks they are.
Obama introduced a team of outside economic advisers Friday at a White House ceremony in which he also renewed his demand that Congress act quickly on his economic recovery package.
As the country struggles with the worst financial crisis since the Great Depression, Obama said there has been no shortage of advice on how to solve the nation’s woes.
“You’ve got some economists and some folks who think they’re economists. By the way, these days everybody thinks they’re economists,” he joked.
Obama made his funny while announcing members of his Economic Recovery Advisory Board — or more precisely, the board cobbled together by his globalist masters. It will be run by none other than Paul A. Volcker, the former Fed mob boss who thinks Americans have been living beyond their means for too long. “It is the United States as a whole that became addicted to spending and consuming beyond its capacity to produce,” Volcker lectured the Economic Club of New York in April, 2008. “It all seemed so comfortable.”
It will all become exceedingly uncomfortable and sooner before later if Volcker and the globalists have their way.
“As previously announced, the inestimable Austan Goolsbee will serve as the Board’s Staff Director and Chief Economist,” reports Jake Tapper for ABC News.
Austan Goolsbee is the guy who told the Canadians back in April of 2008 during the election campaign that Obama really didn’t mean it when he declared he would “renegotiate NAFTA.” It was just a parlor trick designed to fool the American people.
“Obama adviser Austan Goolsbee told a recent CFR meeting that ‘free trade is not the enemy,’” the Washington Post reported on November 3, 2008.
“Goolsbee is widely reported to have told Obama not to back a compulsory freeze on home mortgage foreclosures to help the struggling middle class in the current depression crisis, as demanded by former candidate John Edwards,” Webster Tarpley wrote on February 4, 2008. Tarpley also reveals Goolsbee’s connection to the elitist occult Skull & Bones club.
It is apparently a joke to Obama and his handlers that so many Americans are now talking about economics. Obviously, we should leave the economy up to Obama’s board of establishment insiders, never mind the appointed boss of this globalist coterie of corporatist economists has stated you are living too high on the hog.
Here is the full list of folks who will be punching your meal ticket:
1. William H. Donaldson, former Chairman, SEC
2. Roger W. Ferguson, Jr., President & CEO, TIAA-CREF
3. Robert Wolf, Chairman & CEO, UBS Group Americas
4. David F. Swensen, CIO, Yale University
5. Mark T. Gallogly, Founder & Managing Partner, Centerbridge Partners L.P.
6. Penny Pritzker, Chairman & Founder, Pritzker Realty Group
7.. John Doerr, Partner, Kleiner, Perkins, Caufield & Byers
8. Jim Owens, Chairman and CEO, Caterpillar Inc.
9. Monica C. Lozano, Publisher & Chief Executive Officer, La Opinion
10. Charles E. Phillips, Jr., President, Oracle Corporation
11. Anna Burger, Secretary-Treasurer, SEIU
12. Richard L. Trumka, Secretary-Treasurer, AFL-CIO
13. Laura D’Andrea Tyson, Dean, Haas School of Business at the University of California at Berkeley
14. Martin Feldstein, George F. Baker Professor of Economics, Harvard University
15.. Jeffrey R. Immelt, CEO, GE
Obama: “Everybody thinks they’re economists”
Infowars
February 6, 2009
The Associated Press reports:
President Barack Obama says in Washington these days, everyone’s an economist—or thinks they are.
Obama introduced a team of outside economic advisers Friday at a White House ceremony in which he also renewed his demand that Congress act quickly on his economic recovery package.
As the country struggles with the worst financial crisis since the Great Depression, Obama said there has been no shortage of advice on how to solve the nation’s woes.
“You’ve got some economists and some folks who think they’re economists. By the way, these days everybody thinks they’re economists,” he joked.
Obama made his funny while announcing members of his Economic Recovery Advisory Board — or more precisely, the board cobbled together by his globalist masters. It will be run by none other than Paul A. Volcker, the former Fed mob boss who thinks Americans have been living beyond their means for too long. “It is the United States as a whole that became addicted to spending and consuming beyond its capacity to produce,” Volcker lectured the Economic Club of New York in April, 2008. “It all seemed so comfortable.”
It will all become exceedingly uncomfortable and sooner before later if Volcker and the globalists have their way.
“As previously announced, the inestimable Austan Goolsbee will serve as the Board’s Staff Director and Chief Economist,” reports Jake Tapper for ABC News.
Austan Goolsbee is the guy who told the Canadians back in April of 2008 during the election campaign that Obama really didn’t mean it when he declared he would “renegotiate NAFTA.” It was just a parlor trick designed to fool the American people.
“Obama adviser Austan Goolsbee told a recent CFR meeting that ‘free trade is not the enemy,’” the Washington Post reported on November 3, 2008.
“Goolsbee is widely reported to have told Obama not to back a compulsory freeze on home mortgage foreclosures to help the struggling middle class in the current depression crisis, as demanded by former candidate John Edwards,” Webster Tarpley wrote on February 4, 2008. Tarpley also reveals Goolsbee’s connection to the elitist occult Skull & Bones club.
It is apparently a joke to Obama and his handlers that so many Americans are now talking about economics. Obviously, we should leave the economy up to Obama’s board of establishment insiders, never mind the appointed boss of this globalist coterie of corporatist economists has stated you are living too high on the hog.
Here is the full list of folks who will be punching your meal ticket:
1. William H. Donaldson, former Chairman, SEC
2. Roger W. Ferguson, Jr., President & CEO, TIAA-CREF
3. Robert Wolf, Chairman & CEO, UBS Group Americas
4. David F. Swensen, CIO, Yale University
5. Mark T. Gallogly, Founder & Managing Partner, Centerbridge Partners L.P.
6. Penny Pritzker, Chairman & Founder, Pritzker Realty Group
7.. John Doerr, Partner, Kleiner, Perkins, Caufield & Byers
8. Jim Owens, Chairman and CEO, Caterpillar Inc.
9. Monica C. Lozano, Publisher & Chief Executive Officer, La Opinion
10. Charles E. Phillips, Jr., President, Oracle Corporation
11. Anna Burger, Secretary-Treasurer, SEIU
12. Richard L. Trumka, Secretary-Treasurer, AFL-CIO
13. Laura D’Andrea Tyson, Dean, Haas School of Business at the University of California at Berkeley
14. Martin Feldstein, George F. Baker Professor of Economics, Harvard University
15.. Jeffrey R. Immelt, CEO, GE
Monday, December 1, 2008
Volcker will head new Obama board
Robalini's Note: Volcker & Goolsbee as Obama's chief "economic recovery" advisors. Who saw that one coming?
http://news.yahoo.com/s/politico/20081126/pl_politico/15997
Volcker will head new Obama board
Mike Allen
Wed Nov 26, 2008
President-elect Barack Obama on Wednesday will announce the creation of a president’s Economic Recovery Advisory Board, chaired by former Federal Reserve Chairman Paul Volcker, to provide outside advice from heavyweight thinkers, officials said.
Obama, who will be the sixth president Volcker has served, plans to make the announcement in Chicago at his third news conference on the economy in three days, allowing him to dominate news coverage during Thanksgiving week.
The officials said the idea came from Obama, who wanted to preserve the advisory structure he had come to appreciate over the course of the campaign. The new body also reflects the magnitude of the nation’s economic problems, which Obama wants to solve in an integrated way – not just through attention to markets, but also to jobs, wages and housing foreclosure.
The economic recovery board’s staff director and chief economist will be Austan Goolsbee, who was senior economic adviser to the Obama campaign and will also be a member of the White House Council of Economic Advisers.
The other board members – eight to 16 people of a caliber of Eric E. Schmidt, chairman and CEO of Google Inc. – will be named later.
The board initially will exist for two years, but might well be extended for longer. Transition advisers expect it might meet roughly once a month.
Obama’s plans for the board were first reported by The Wall Street Journal.
Volcker’s official bio says he “was chairman of the Board of Governors of the Federal Reserve System from August 1979 to August 1987. He is credited with playing the leading role in ending a period of high and rising inflation and restoring a base for sustained growth. Initially appointed to that position by President Carter for a four-year term, he was reappointed in 1983 by President Reagan. On the completion of his second term as chairman, Mr. Volcker returned to private life, becoming chairman of the firm of James D. Wolfensohn, Inc., a company concentrating on the provision of investment banking services to a limited number of large domestic and international organizations. He retired as chairman and chief executive officer of Wolfensohn when that firm merged with Bankers Trust Company in 1996. In the course of his career, Mr. Volcker worked in the federal government for almost 30 years, serving in office under five presidents—John F. Kennedy, Lyndon B. Johnson, Richard M. Nixon, Jimmy Carter, and Ronald Reagan.”
From Goolsbee’s official bio: “He is a professor of economics at the University of Chicago and a Fulbright Scholar. … He [formerly wrote] the ‘Economic Scene’ column for the New York Times and was the Lead Editor for the Journal of Law and Economics from 2001 to 2004. The Financial Times named him one of the six Gurus of the Future/Best Under 40 in 2005, and the World Economic Forum in Switzerland chose him one as one of the 2005 Young Global Leaders. He received his Master's Degree in Economics from Yale in 1991 and his Ph.D. in the same subject in 1995 from Massachusetts Institute of Technology.”
http://news.yahoo.com/s/politico/20081126/pl_politico/15997
Volcker will head new Obama board
Mike Allen
Wed Nov 26, 2008
President-elect Barack Obama on Wednesday will announce the creation of a president’s Economic Recovery Advisory Board, chaired by former Federal Reserve Chairman Paul Volcker, to provide outside advice from heavyweight thinkers, officials said.
Obama, who will be the sixth president Volcker has served, plans to make the announcement in Chicago at his third news conference on the economy in three days, allowing him to dominate news coverage during Thanksgiving week.
The officials said the idea came from Obama, who wanted to preserve the advisory structure he had come to appreciate over the course of the campaign. The new body also reflects the magnitude of the nation’s economic problems, which Obama wants to solve in an integrated way – not just through attention to markets, but also to jobs, wages and housing foreclosure.
The economic recovery board’s staff director and chief economist will be Austan Goolsbee, who was senior economic adviser to the Obama campaign and will also be a member of the White House Council of Economic Advisers.
The other board members – eight to 16 people of a caliber of Eric E. Schmidt, chairman and CEO of Google Inc. – will be named later.
The board initially will exist for two years, but might well be extended for longer. Transition advisers expect it might meet roughly once a month.
Obama’s plans for the board were first reported by The Wall Street Journal.
Volcker’s official bio says he “was chairman of the Board of Governors of the Federal Reserve System from August 1979 to August 1987. He is credited with playing the leading role in ending a period of high and rising inflation and restoring a base for sustained growth. Initially appointed to that position by President Carter for a four-year term, he was reappointed in 1983 by President Reagan. On the completion of his second term as chairman, Mr. Volcker returned to private life, becoming chairman of the firm of James D. Wolfensohn, Inc., a company concentrating on the provision of investment banking services to a limited number of large domestic and international organizations. He retired as chairman and chief executive officer of Wolfensohn when that firm merged with Bankers Trust Company in 1996. In the course of his career, Mr. Volcker worked in the federal government for almost 30 years, serving in office under five presidents—John F. Kennedy, Lyndon B. Johnson, Richard M. Nixon, Jimmy Carter, and Ronald Reagan.”
From Goolsbee’s official bio: “He is a professor of economics at the University of Chicago and a Fulbright Scholar. … He [formerly wrote] the ‘Economic Scene’ column for the New York Times and was the Lead Editor for the Journal of Law and Economics from 2001 to 2004. The Financial Times named him one of the six Gurus of the Future/Best Under 40 in 2005, and the World Economic Forum in Switzerland chose him one as one of the 2005 Young Global Leaders. He received his Master's Degree in Economics from Yale in 1991 and his Ph.D. in the same subject in 1995 from Massachusetts Institute of Technology.”
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