Good post, here is what I took out of it:
PS: I had a long converstation with my scientist, physics professor son in law and he said he is having problems with Obama too. I do not think we are all nuts or stupid.
And today I see Gates and Petraeus on FOX. why not just do an interview with the National Enquierer.
I am not happy about this stuff.
Article: "He meets with Summers daily and the president almost every day, talks to Federal Reserve Chairman Ben Bernanke multiple times a day, testifies before Congress on average about twice a week and has been the administration’s lead person on the Group of Seven and G-20 deliberations. All with a department where the White House has failed to fill top posts.
Yet skeptics like Nobel Prize-winning economist Joseph Stiglitz, a former top adviser in the Clinton administration, are shut out. Stiglitz says he’s only had a couple of e-mail exchanges with administration decision-makers since Obama’s Jan. 20 inauguration.
Koan: "And we know Krugman is kept out. So Obama is dismissing Stiglitz, Volker and Krugman in favor of Summers and Geithner."
Volcker Kept Out
Even Paul Volcker, who espouses a tougher posture on regulation than Wall Street chieftains like, is kept out of major policy decisions, associates say. Volcker was named to head a White House economic advisory board, and then several of his choices for that board were vetoed by the White House.
Still, imagine Obama facing today’s crisis without a Geithner or Summers. Whatever mistakes were made, they bring unsurpassed credentials to deal with the worst financial meltdown since the Great Depression.
Koan: "oh, like Krugman, Stiglitz and Volker couldn't handle the academics as well as Geithner and summers. Give me a break!
After the election, there was an internal debate over which post -- Treasury or National Economic Council -- to give Summers and Geithner. Summers was rejected for Treasury both because the political strategists (wrongly) worried that comments he once made about women would haunt his nomination, and Obama preferred a fresh face in that post. |
