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	<title>Comments on: Obama&#8217;s Bureaucratic Economic Team&#8211;Recipe for Disaster?</title>
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	<link>http://www.noquarterusa.net/blog/2008/11/24/obamas-bureaucratic-economic-team/</link>
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		<title>By: Seattle Moss</title>
		<link>http://www.noquarterusa.net/blog/2008/11/24/obamas-bureaucratic-economic-team/#comment-1063774</link>
		<dc:creator>Seattle Moss</dc:creator>
		<pubDate>Thu, 27 Nov 2008 21:41:18 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=6978#comment-1063774</guid>
		<description>The precise time that the market started fading can be connected to the precise time that it appeared Obama would win the election.

75% of all employers did not support Obama..

Obama is BAD for business

Perception and confidence is everything</description>
		<content:encoded><![CDATA[<p>The precise time that the market started fading can be connected to the precise time that it appeared Obama would win the election.</p>
<p>75% of all employers did not support Obama..</p>
<p>Obama is BAD for business</p>
<p>Perception and confidence is everything</p>
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		<title>By: Slobodaneee</title>
		<link>http://www.noquarterusa.net/blog/2008/11/24/obamas-bureaucratic-economic-team/#comment-1063766</link>
		<dc:creator>Slobodaneee</dc:creator>
		<pubDate>Thu, 27 Nov 2008 21:30:12 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=6978#comment-1063766</guid>
		<description>S. Markom,

You&#039;re blaming Obama for the drop in the stop market?  the market wasn&#039;t too good before he was elected.  As far as his remedy for the situation, just giving tax cuts with the hopes that people will buy and companies will hire doesn&#039;t take into account that as a nation we&#039;re not manufacturing  goods like we did in the past.  if you get a tax cut and spend it at Walmart the money goes to Walmart and companies in China (or other foreign companies) and thus isn&#039;t pumped back into the economy.  in any event, give President-elect Obama a chance (I like the sound of that).  he is going to be a great president.</description>
		<content:encoded><![CDATA[<p>S. Markom,</p>
<p>You&#8217;re blaming Obama for the drop in the stop market?  the market wasn&#8217;t too good before he was elected.  As far as his remedy for the situation, just giving tax cuts with the hopes that people will buy and companies will hire doesn&#8217;t take into account that as a nation we&#8217;re not manufacturing  goods like we did in the past.  if you get a tax cut and spend it at Walmart the money goes to Walmart and companies in China (or other foreign companies) and thus isn&#8217;t pumped back into the economy.  in any event, give President-elect Obama a chance (I like the sound of that).  he is going to be a great president.</p>
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		<title>By: fsteele</title>
		<link>http://www.noquarterusa.net/blog/2008/11/24/obamas-bureaucratic-economic-team/#comment-1063229</link>
		<dc:creator>fsteele</dc:creator>
		<pubDate>Thu, 27 Nov 2008 07:18:22 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=6978#comment-1063229</guid>
		<description>FDR&#039;s model may be a good one, whoever&#039;s idea it is to use it now (Summers&#039;? Hillary&#039;s? Bill&#039;s?) Instead of buiding dams and painting murals, use the idle auto plants to make electric cars.

As for creating manual labor jobs, where do you get that? In the third world?</description>
		<content:encoded><![CDATA[<p>FDR&#8217;s model may be a good one, whoever&#8217;s idea it is to use it now (Summers&#8217;? Hillary&#8217;s? Bill&#8217;s?) Instead of buiding dams and painting murals, use the idle auto plants to make electric cars.</p>
<p>As for creating manual labor jobs, where do you get that? In the third world?</p>
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		<title>By: fsteele</title>
		<link>http://www.noquarterusa.net/blog/2008/11/24/obamas-bureaucratic-economic-team/#comment-1063201</link>
		<dc:creator>fsteele</dc:creator>
		<pubDate>Thu, 27 Nov 2008 06:50:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=6978#comment-1063201</guid>
		<description>The Clinton years were very good economically. From biggest deficit to biggest surplus, many new jobs, many good things.

Summers was there from the first, as Under Secretary of the Treasury, promoted on up to Deputy then Secretary.</description>
		<content:encoded><![CDATA[<p>The Clinton years were very good economically. From biggest deficit to biggest surplus, many new jobs, many good things.</p>
<p>Summers was there from the first, as Under Secretary of the Treasury, promoted on up to Deputy then Secretary.</p>
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		<title>By: fsteele</title>
		<link>http://www.noquarterusa.net/blog/2008/11/24/obamas-bureaucratic-economic-team/#comment-1063034</link>
		<dc:creator>fsteele</dc:creator>
		<pubDate>Thu, 27 Nov 2008 03:47:02 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=6978#comment-1063034</guid>
		<description>Assuming Blair is all you say she is ... still remember the Peter Principle. She is doing a good job where she is. If you move her from FDIC into Treasury, then you have a whole string of lesser experienced people coming up the ladder in FDIC to replace her. And she will be coming into Treasury with no Treasury experience and have to catch up (assuming that she is qualified to catch up).

Better to bring the Clinton 90s Treasury people back into their old jobs, or as near as possible -- we know they were qualified and eventually familiar with the requirements, as they got good results cleaning up after Bush Sr.

BLair is an unknown quantity as far as Treasury jobs go -- the only sure thing is that we&#039;d be destabalizing a working FDIC just as it&#039;s about to be stressed more than ever.

At least the FDIC works so far; don&#039;t fix it.</description>
		<content:encoded><![CDATA[<p>Assuming Blair is all you say she is &#8230; still remember the Peter Principle. She is doing a good job where she is. If you move her from FDIC into Treasury, then you have a whole string of lesser experienced people coming up the ladder in FDIC to replace her. And she will be coming into Treasury with no Treasury experience and have to catch up (assuming that she is qualified to catch up).</p>
<p>Better to bring the Clinton 90s Treasury people back into their old jobs, or as near as possible &#8212; we know they were qualified and eventually familiar with the requirements, as they got good results cleaning up after Bush Sr.</p>
<p>BLair is an unknown quantity as far as Treasury jobs go &#8212; the only sure thing is that we&#8217;d be destabalizing a working FDIC just as it&#8217;s about to be stressed more than ever.</p>
<p>At least the FDIC works so far; don&#8217;t fix it.</p>
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		<title>By: Make Them Accountable / Media &#38; Politics</title>
		<link>http://www.noquarterusa.net/blog/2008/11/24/obamas-bureaucratic-economic-team/#comment-1060746</link>
		<dc:creator>Make Them Accountable / Media &#38; Politics</dc:creator>
		<pubDate>Tue, 25 Nov 2008 18:31:42 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=6978#comment-1060746</guid>
		<description>[...] Obama’s Bureaucratic Economic Team–Recipe for Disaster? (by Larry Johnson at No Quarter) Is this change you can believe in? We are facing, so we are told by President-elect Obama, the worst economic crisis since the Great Depression and he offers the nation this team? You have got to be kidding me. These are nice people, don’t get me wrong. But genuine expertise with capital markets and creating jobs. ZERO!! Take a close look at the sparkly resumes of these so-called “Economic” superstars. Two government bureaucrats, one mediocre academic, and one hill staffer… How do people who have never, ever worked in the private sector qualify to create 2.5 million new jobs? These are intelligent people, but the reality is that they have spent most of their lives as academics or government bureaucrats. If the task is to create more government or university jobs they are mightily qualified. But as far as the rest of the economy is concerned, not so much. It’s typical of Democrats to appoint academics to economic advisory positions.  But Democrats have had a much better record on financial matters than Republicans. [...]</description>
		<content:encoded><![CDATA[<p>[...] Obama’s Bureaucratic Economic Team–Recipe for Disaster? (by Larry Johnson at No Quarter) Is this change you can believe in? We are facing, so we are told by President-elect Obama, the worst economic crisis since the Great Depression and he offers the nation this team? You have got to be kidding me. These are nice people, don’t get me wrong. But genuine expertise with capital markets and creating jobs. ZERO!! Take a close look at the sparkly resumes of these so-called “Economic” superstars. Two government bureaucrats, one mediocre academic, and one hill staffer… How do people who have never, ever worked in the private sector qualify to create 2.5 million new jobs? These are intelligent people, but the reality is that they have spent most of their lives as academics or government bureaucrats. If the task is to create more government or university jobs they are mightily qualified. But as far as the rest of the economy is concerned, not so much. It’s typical of Democrats to appoint academics to economic advisory positions.  But Democrats have had a much better record on financial matters than Republicans. [...]</p>
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		<title>By: Paul</title>
		<link>http://www.noquarterusa.net/blog/2008/11/24/obamas-bureaucratic-economic-team/#comment-1060446</link>
		<dc:creator>Paul</dc:creator>
		<pubDate>Tue, 25 Nov 2008 14:41:09 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=6978#comment-1060446</guid>
		<description>Many of the so-called &quot;market mechanisms&quot; as you say is what got us into this problem. 

The only thing that can get us out of this mess is the government. Both Republican and Democrats agree on this and frankly all countries around the planet also agree. Where they disagree is on the level of government support.

There is a role for government in the economy. It plays it everyday. 

Trust everything to big business and you will be working at third world country wages, with no healthcare, and living on an environmental garbage heap.</description>
		<content:encoded><![CDATA[<p>Many of the so-called &#8220;market mechanisms&#8221; as you say is what got us into this problem. </p>
<p>The only thing that can get us out of this mess is the government. Both Republican and Democrats agree on this and frankly all countries around the planet also agree. Where they disagree is on the level of government support.</p>
<p>There is a role for government in the economy. It plays it everyday. </p>
<p>Trust everything to big business and you will be working at third world country wages, with no healthcare, and living on an environmental garbage heap.</p>
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		<title>By: Brent</title>
		<link>http://www.noquarterusa.net/blog/2008/11/24/obamas-bureaucratic-economic-team/#comment-1060437</link>
		<dc:creator>Brent</dc:creator>
		<pubDate>Tue, 25 Nov 2008 14:32:57 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=6978#comment-1060437</guid>
		<description>The only stain is the big stain the Republican party has left on their way out the door. They have been a complete disaster for this country. The Democrats now have to come in and fix all the problems.

Your standard of living is about to go down because of Bush&#039;s recession.</description>
		<content:encoded><![CDATA[<p>The only stain is the big stain the Republican party has left on their way out the door. They have been a complete disaster for this country. The Democrats now have to come in and fix all the problems.</p>
<p>Your standard of living is about to go down because of Bush&#8217;s recession.</p>
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		<title>By: Mary</title>
		<link>http://www.noquarterusa.net/blog/2008/11/24/obamas-bureaucratic-economic-team/#comment-1060429</link>
		<dc:creator>Mary</dc:creator>
		<pubDate>Tue, 25 Nov 2008 14:27:44 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=6978#comment-1060429</guid>
		<description>Yahhh... put a bunch of executives in there and in charge and you get the great economic Bush years... what a disaster...... big deficit other than during Reagan years, big trade imbalance, lowest value of the U.S. dollar, a huge housing bubble, and now the biggest recession since the great depression... great results by the corporate executives that ran economic policy during the Bush years...  

Is that how you define results? 

The people Obama has choice have phenomenal results. Geithner has helped solve one economic crisis after the other throughout his career.

The economy under Summers stewardship did pretty well during the Clinton years.</description>
		<content:encoded><![CDATA[<p>Yahhh&#8230; put a bunch of executives in there and in charge and you get the great economic Bush years&#8230; what a disaster&#8230;&#8230; big deficit other than during Reagan years, big trade imbalance, lowest value of the U.S. dollar, a huge housing bubble, and now the biggest recession since the great depression&#8230; great results by the corporate executives that ran economic policy during the Bush years&#8230;  </p>
<p>Is that how you define results? </p>
<p>The people Obama has choice have phenomenal results. Geithner has helped solve one economic crisis after the other throughout his career.</p>
<p>The economy under Summers stewardship did pretty well during the Clinton years.</p>
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		<title>By: beebop</title>
		<link>http://www.noquarterusa.net/blog/2008/11/24/obamas-bureaucratic-economic-team/#comment-1060420</link>
		<dc:creator>beebop</dc:creator>
		<pubDate>Tue, 25 Nov 2008 14:23:32 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=6978#comment-1060420</guid>
		<description>I can tell you what they all have in common and it is the name of a great president much maligned during the primary with the name of another great president in the middle ... 

The election may be over to you because you don&#039;t care about morality or legality or the &quot;niceties&quot; of constitutionality, but for some of us -- like those of us who never supported shrub -- it isn&#039;t &lt;em&gt;over&lt;/em&gt; as you so quaintly put it.  

It isn&#039;t over until this stain on the Democratic party is wiped clean.</description>
		<content:encoded><![CDATA[<p>I can tell you what they all have in common and it is the name of a great president much maligned during the primary with the name of another great president in the middle &#8230; </p>
<p>The election may be over to you because you don&#8217;t care about morality or legality or the &#8220;niceties&#8221; of constitutionality, but for some of us &#8212; like those of us who never supported shrub &#8212; it isn&#8217;t <em>over</em> as you so quaintly put it.  </p>
<p>It isn&#8217;t over until this stain on the Democratic party is wiped clean.</p>
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		<title>By: Brent</title>
		<link>http://www.noquarterusa.net/blog/2008/11/24/obamas-bureaucratic-economic-team/#comment-1060418</link>
		<dc:creator>Brent</dc:creator>
		<pubDate>Tue, 25 Nov 2008 14:19:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=6978#comment-1060418</guid>
		<description>Larry what do you know about economics? ZERO!

Obama&#039;s team is a very good and qualified team. Bi-partisan support. 

Geithner is exactly the right man for the job. Non-partisan and an expert on financial crisis. 

Summers is one of the smartest economic minds we have in this country. His economic track record during the Clinton years was very good.

The resumes that you give for each person says nothing about their track record and achievements. Just of a list of jobs and education.What do you want a corporate executive in there? There are plenty that are advisors. You need people that know there way around government and can get things done. They have to also be able to understand the complexities of policy and the complicated economic issues this country is dealing with.

Go find out what each of these people have actually done in their life and their achievements before you critize.

Larry stick with your national security experience and stay away from economics. You have nothing to add, except superficial cheap shots. The election is over, deal with it.</description>
		<content:encoded><![CDATA[<p>Larry what do you know about economics? ZERO!</p>
<p>Obama&#8217;s team is a very good and qualified team. Bi-partisan support. </p>
<p>Geithner is exactly the right man for the job. Non-partisan and an expert on financial crisis. </p>
<p>Summers is one of the smartest economic minds we have in this country. His economic track record during the Clinton years was very good.</p>
<p>The resumes that you give for each person says nothing about their track record and achievements. Just of a list of jobs and education.What do you want a corporate executive in there? There are plenty that are advisors. You need people that know there way around government and can get things done. They have to also be able to understand the complexities of policy and the complicated economic issues this country is dealing with.</p>
<p>Go find out what each of these people have actually done in their life and their achievements before you critize.</p>
<p>Larry stick with your national security experience and stay away from economics. You have nothing to add, except superficial cheap shots. The election is over, deal with it.</p>
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		<title>By: DAB</title>
		<link>http://www.noquarterusa.net/blog/2008/11/24/obamas-bureaucratic-economic-team/#comment-1060346</link>
		<dc:creator>DAB</dc:creator>
		<pubDate>Tue, 25 Nov 2008 12:44:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=6978#comment-1060346</guid>
		<description>Agreed!  Whatever happened to ridding Government of all those pesky Boomers?  

I&#039;m not real upset that some Clinton folks will be in there but this is just another Obama &quot;bait and switch&quot; tactic.  It appears that That One is running scared because of the mess he&#039;s inherited and all of a sudden experience actually matters.

In his TV appearances, he also looks haggard and depressed.  Looks like the guy needs an extended vacation already.</description>
		<content:encoded><![CDATA[<p>Agreed!  Whatever happened to ridding Government of all those pesky Boomers?  </p>
<p>I&#8217;m not real upset that some Clinton folks will be in there but this is just another Obama &#8220;bait and switch&#8221; tactic.  It appears that That One is running scared because of the mess he&#8217;s inherited and all of a sudden experience actually matters.</p>
<p>In his TV appearances, he also looks haggard and depressed.  Looks like the guy needs an extended vacation already.</p>
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		<title>By: DAB</title>
		<link>http://www.noquarterusa.net/blog/2008/11/24/obamas-bureaucratic-economic-team/#comment-1060339</link>
		<dc:creator>DAB</dc:creator>
		<pubDate>Tue, 25 Nov 2008 12:35:17 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=6978#comment-1060339</guid>
		<description>Bloomberg would have been an excellent choice because he thoroughly knows both business and government.  If he were running for President this time around, I would have cast a totally enthusiastic vote for him.</description>
		<content:encoded><![CDATA[<p>Bloomberg would have been an excellent choice because he thoroughly knows both business and government.  If he were running for President this time around, I would have cast a totally enthusiastic vote for him.</p>
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		<title>By: Cubs in 09</title>
		<link>http://www.noquarterusa.net/blog/2008/11/24/obamas-bureaucratic-economic-team/#comment-1059794</link>
		<dc:creator>Cubs in 09</dc:creator>
		<pubDate>Tue, 25 Nov 2008 03:03:48 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=6978#comment-1059794</guid>
		<description>I love Glenn Beck!</description>
		<content:encoded><![CDATA[<p>I love Glenn Beck!</p>
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		<title>By: Cubs in 09</title>
		<link>http://www.noquarterusa.net/blog/2008/11/24/obamas-bureaucratic-economic-team/#comment-1059792</link>
		<dc:creator>Cubs in 09</dc:creator>
		<pubDate>Tue, 25 Nov 2008 03:02:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.noquarterusa.net/blog/?p=6978#comment-1059792</guid>
		<description>&lt;blockquote&gt;I guess they just should have announced that Hannity &amp; Colmes was changing its name...&lt;/blockquote&gt;

:lol:</description>
		<content:encoded><![CDATA[<blockquote><p>I guess they just should have announced that Hannity &amp; Colmes was changing its name&#8230;</p></blockquote>
<p> <img src='http://www.noquarterusa.net/blog/wp-includes/images/smilies/icon_lol.gif' alt=':lol:' class='wp-smiley' /> </p>
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