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.

yep from bad to worse!!

Can We Bring that Last Guy Back.......Pleeeeeeease?

and just think obama is just starting what do think he'll be doing 6 month's from now?

It's just been tyranny after tyranny, hiring criminal after criminal, meanwhile the cosmetic crap continues to fool vast swaths of our population.

I kind of feel like the partisan right is only onboard as long as it isn't their guy in the office. I remember, it was just as easy to get the left to read what I posted, to agree and be happy about what I had to say... and look at them now.

We're going to have missles flying over forclosed homes.