Thursday, January 6, 2011

Zandar's Thought Of The Day

Paul Volcker's out at the White House.

Former Federal Reserve Chairman Paul Volcker plans to leave his role as head of a panel of experts advising President Barack Obama on the economy, sources familiar with the decision said on Wednesday.

The departure of Volcker, 83, from the President's Economic Recovery Advisory Board is among a series of changes Obama is planning to announce soon.

The decision to leave the board was Volcker's. A source close to him said he was ready to continue to advise Obama on an informal basis as often as the president would like.

The one guy who knew what he was doing as far as the economy is leaving.  Meanwhile Helicopter Ben and Timmy get to stay, and Obama has just picked up JP Morgan Chase exec Bill Daley as his new Chief of Staff, because apparently Rahmbo didn't have enough corporate ties.

This is one of those times where I think Obama is doing the wrong thing to the point of outright stupidity.  All you need to know about Bill Daley?  Larry Kudlow loves the guy.



President Obama marks another milestone in his post-election move to the center by appointing pro-business Democrat William E. Daley to the powerful post of White House chief of staff. If there are any doubts that Obama wants to repair his business-bashing image, this should dispel them.

It’s an excellent appointment. 

Which means here in reality, it's as lousy as they come.

2 comments:

Davis X. Machina said...

Well, Al Gore and Larry Kudlow agree on something...

When asked if he thinks he would have won the election if Daley had joined the campaign earlier, Gore says, "Yes, I do." How much earlier? "Given the closeness of the outcome in Florida, maybe a week earlier."?

StarStorm said...

So we get the guy who knows what he is doing, replaced by a corporate stooge.

Goddamn it.

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