Peter Orszag joins Citigroup

[BeyondGeography]

http://dealbook.nytimes.com/2010/12/09/ex-white-house-budget-director-joins-citigroup/?partner=rss&emc=rss

Awesome.

[blazerunner]

1. I could be wrong, but I think Peter is the one who proposed the 2 year

b*sh tax cuts for the rich extension this past summer. Pretty good timing on the snazzy job.

[blazerunner]

2. bingo

...In the face of the dueling deficits, the best approach is a compromise: extend the tax cuts for two years and then end them altogether. Ideally only the middle-class tax cuts would be continued for now. Getting a deal in Congress, though, may require keeping the high-income tax cuts, too. And that would still be worth it.

http://www.nytimes.com/2010/09/07/opinion/07orszag.html

[Mass]

3. He did not propose it, but he said he supported it if nothing else could pass.

He also supported getting rid of ALL tax cuts.

[blazerunner]

4. Isn't that exactly what this bill is all about?

It's supposedly because nothing else can pass and is scheduled to end in 2 years.

[BeyondGeography]

5. Incest between Washington and Wall Street is the point

The revolving door continues to be well and properly greased.

[ncteechur]

6. Where exactly does a big brain financial guy go when he leaves his DC job?

He doesn't become the president of a bank in a small midwestern town. He gets a big job with a big financial firm. What do you suggest he do for a living?

[BeyondGeography]

7. Teach?

I don't know. Be the head of a non-profit or some other ignoble calling.

Clearly, the choice is run up the score as much as you can or starve to death.

[blazerunner]

8. kick