Obama Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts

Washington’s Blog
Tuesday, April 14, 2009

Other than Paul Volcker, who Obama has already sidelined (and I know not everyone likes Volcker), all of his economic advisors have been insiders who directly helped to create the current economic crisis.

Summers failed as the main guy who pushed for deregulation of derivatives, lowered bank fractional reserve lending requirements, etc.

Geithner is the guy who – as chief overseer of the banks located in Manhattan when he was head of the New York Fed bank – gave the big banks a free pass.

You can go through the entire list of appointees and the story is the same.

Now, Obama is naming the current head of Fannie Mae, Herb Allison, as the new head of the TARP bailout program. Allison has done such a great job at Fannie Mae that it has only required hundreds of billions in taxpayer bailouts.

Obama is certainly giving us change.

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6 Responses to “Obama Maintains His Perfect Batting Average for Appointing Failed Insiders to Key Economic Posts”

1. RAD Says:
   April 14th, 2009 at 4:47 am

   with the speed things are happening now perhaps a much quicker submission of your movies in Parts may be a good idea gentelmen

2. Andrew Says:
   April 14th, 2009 at 5:50 am

   I second that. The “quickening” is happening at a frightening pace. Maybe there should be a weekly supplement of what deceptions took place during that week, so we can keep up with this stuff.

   I’m definitely waiting with bated breath for the new film on July 4. I plan on buying 10 copies to hand out to friends & family.

3. kurtmerfer Says:
   April 14th, 2009 at 8:20 am

   That’s a great idea maybe alex could have a tv show with new episodes weekly, called The Great American Decievers. He can cover a new scandal, a new politician, and a new banker every week for the next decade, hell maybe FOX news will pick it up too because they are all of sudden on our side right?

4. No justice Says:
   April 14th, 2009 at 6:36 pm

   If Bush was doing half this stuff the Dems would be Crying look at the rich Republicans. All the repulicans I know have and will be piss poor.

5. No justice Says:
   April 14th, 2009 at 6:38 pm

   Republicans can be bad but they sure are not Phonies like the Democrats.

6. No justice Says:
   April 14th, 2009 at 6:41 pm

   Hey you use to think of the Dems are the hardworking Blue Collar guy know they wear
   $5,000 dollar suits and tons of Perfume.