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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsObama's chief of staff resigns (yet again), to be replaced by another shady Wall Street banker
Jeez. These guys don't waste any time do they?
Bill Daley Resigning: Obama Chief Of Staff Stepping Down
(January 9, 2011)
WASHINGTON In an abrupt jolt to the White House, President Barack Obama announced Monday that chief of staff William Daley was quitting and heading home to Chicago, capping a short and rocky tenure that had been expected to last until Election Day in November. Obama budget chief Jack Lew will take over the job...
[font color="navy"]Daley, a former JP Morgan executive, to be replaced by this guy:[/font]
Jack Lew: Obama's OMB Pick Oversaw Citigroup Unit That Shorted Housing Market
(July 14, 2010)
President Barack Obama's choice to lead the White House budget office oversaw a Citigroup unit that profited off the housing collapse and financial crisis by investing in a hedge fund king who correctly predicted the eventual subprime meltdown and now finds himself involved in the center of the U.S. government's fraud case against Goldman Sachs...
xchrom
(108,903 posts)OKNancy
(41,832 posts)3. He's no moderate. When Obama named Bill Daley to succeed Rahm Emanuel, he was seen as a move to shore up the president's support among business leaders and the private sector. Daley, a former JPMorgan representative, was one of them. Lew's appointment fits with the leftward, populist tone that Obama has adopted as he enter the campaign season. The new chief of staff is a staunch liberal: he started his political career canvassing for anti-war hero Eugene McCarthy in 1968 (he was 12); his adviser at Carleton College was Paul Wellstone, later an iconic liberal senator; and one of his first jobs in Washington was working for Democratic lion and former Speaker of the House Tip O'Neill. But despite his acute partisan sensibility, he has long had a reputation for earning the trust of and working well with Republicans.
http://www.theatlantic.com/politics/archive/2012/01/who-is-new-white-house-chief-of-staff-jack-lew/251110/
ETA: the Atlantic calls him: The president's new right-hand man is a bookish, private man, but he's also an outspoken liberal who fits Obama's new populist tone.
AtomicKitten
(46,585 posts)gyroscope
(1,443 posts)instead of what he did as an adult to defraud homeowners and wreck the economy?
just amazing.
OKNancy
(41,832 posts)I wasn't familiar with him at all. Do you know for sure that in the three years he was with Citi group if he did what you accuse him of, or are you just wanting to look for the bad in anyone who works for Obama?
Schema Thing
(10,283 posts)gyroscope
(1,443 posts)if working for Citibank helping them to perpetuate mortgage and securities fraud in the subprime market, is your idea of a progressive...
Sheepshank
(12,504 posts).....I can see exactly how you would have judged me.
And you would be wrong.
Your OP title has absolutely NO supporting evidence...just a mere speculation intended to throw a manufactured tizzy into the works.
FAIL.
Enrique
(27,461 posts)Rahm, Daley and now Lew.
COS is known as the "gatekeeper" into the White House. Makes sense that Wall Street needs to occupy that spot.
gyroscope
(1,443 posts)the main function of the gatekeeper is to keep out all those pesky 'retarded liberals.'
boxman15
(1,033 posts)That quote is always taken out of context here. It drives me mad.
gyroscope
(1,443 posts)Rahm Apologizes for Privately Calling Liberal Activists Retarded
http://abcnews.go.com/blogs/politics/2010/02/rahm-apologizes-for-privately-calling-liberal-activists-retarded/
Tx4obama
(36,974 posts)Rahm Emanuel apologized to Tim Shriver, the head of the Special Olympics, for USING the phrase 'fucking retarded'
NOT because he called anyone that.
------------
Excerpt:
"... Rahm Emanuel allegedly used the term "fucking retarded" to describe a plan to attack conservative Democrats over health care."
http://nymag.com/daily/intel/2010/02/sarah_palin_fire_rahm_emanuel.html
Excerpt:
"... First Rahm Emanuel called a plan he didn't like 'fucking retarded.' Then Sarah Palin called for his resignation. ..."
http://gawker.com/5464949/debate-over-the-word-retard-rages-on
A DU post: http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=433x154425
-----------------
Note: When the story first broke all the article said Rahm CALLED THE PLAN that. Then later the media went wild and spun the story into him calling someone that.
Maven
(10,533 posts)He shouldn't have said it at all and he's a fucking asshole for doing so. Come to think of it, Rahm is a fucking asshole in general.
Sheepshank
(12,504 posts)kenny blankenship
(15,689 posts)banned from Kos
(4,017 posts)you're an IT manager.
girl gone mad
(20,634 posts)This man made millions defrauding people, was a direct beneficiary of the corrupt bank bailouts.
Citigroup, the nation's third-largest bank, received $45 billion in TARP bailout funds that year. The firm also has issued $64.6 billion in taxpayer-backed debt through a crisis-era Federal Deposit Insurance Corporation program, according to its latest quarterly filing with the SEC. And it stands to gain a few billion dollars more by modifying home mortgages under the administration's foreclosure-prevention plan, Treasury Department figures show.
Lew's role at the fund is raising some eyebrows among good government groups.
"That sounds pretty nasty, doesn't it?" said Gary Bass, executive director of OMB Watch, a group that monitors the budget office. "Any activity and any player that contributed to the economic calamity needs to be looked at.
He should have faced repercussions, but the bailouts allowed him to walk away with little scrutiny.
AnotherMcIntosh
(11,064 posts)sarcasmo
(23,968 posts)woo me with science
(32,139 posts)No excuse for this. None.
emilyg
(22,742 posts)mvd
(65,178 posts)Unless I'm missing something, the only positive could be that he's better equipped for the campaign.
Obama's Wall Street/bankers record is not stellar, but it still sure beats Romney's.
Maven
(10,533 posts)just1voice
(1,362 posts)Instead they are the one's chosen.
_ed_
(1,734 posts)that led to millions of people out on the street. He replaced another corporate criminal, Bill Daley. Is this the change we were promised? Obama has appointed three bankers to be his COS. Tim Geithner is still his Treasury Sec. Obama's #1 campaign contributor was Goldmann-Sachs.
It's pretty clear to me what side Obama is on. It's not the 99%.
99Forever
(14,524 posts)Really?
JackRiddler
(24,979 posts)Sorry, that was just my way of giving this a kick deluxe.
gyroscope
(1,443 posts)to kill the kittens
ddeclue
(16,733 posts)TransitJohn
(6,932 posts)n/t