"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "


Chinese premier Wen Jiabao 12th March 2009


""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."


Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Monday, November 10, 2008

Obama's economic advisors.. Spot the nigger


It was revealing when Obam revealed his smug, smiling economic advisors (the "economy posse")- with some 30,000 professors of the subject and a few of them black and Hispanic , few have shown the democratic values needed to support and advise their president elect.

Always assuming aconomic advice is worth taking .. pout two economists in aroom and get three sets of advice.

Mr. Obama is acting with the greatest urgency (it says here) toward choosing a Treasury secretary and is said to be considering Lawrence H. Summers, who held the post during the Clinton administration, and Timothy F. Geithner, president of the New York Federal Reserve Bank. (NYT)
Assembled to offer wide-ranging advice, the group of 17 included Mr. Summers and his predecessor as Treasury secretary, Robert E. Rubin; Paul A. Volcker, a former Federal Reserve chairman, and Eric E. Schmidt, the chief executive of Google. The billionaire investor Warren Buffett is to attend by speakerphone.

Other participants included Mayor Antonio R. Villaraigosa of Los Angeles; former Commerce Secretary William Daley; William Donaldson, former chairman of the Securities and Exchange Commission; Anne Mulcahy, chairman and chief executive of Xerox; Laura Tyson, former chairman of the President’s Council of Economic Advisors, and Gov. Jennifer M. Granholm of Michigan.

All these look like a re-tread of the Clinton era and also hang with them the smell of the foul smelling pardons he provided the day he left office ....

It was of course Antonio Villaraigosa, who with Congressman Xavier Becerra and State Senator Richard Polanco - the three most prominent Mexican politicians in Los Angeles who lobbied (after receiving handy campaign donations) to write letters and make telephone calls to President Clinton urging him to pardon Carlos Vignali.

Horatio Vignali , Argentinian immigrant made good, and very weathy father of Carlos Vignali gave $200,000 to Hugh Rodham, Hillary Clinton's fat, sleazy , brother brother, to convince Bill and Hillary to release his cracl dealing son Carlos Vignali - but none of his poor, black and Hispanic co-defendants.

Carlos Vignali and 30 black gang members were caught planning to distribute over 800 pounds of crack cocaine. He and the 30 blacks were imprisoned after pleading guilty to the crack cocaine distribution charges.Carlos is active today in his father's extensive real estate businesses in downtown Los Angeles.

On Clinton's last day in office, he signed the pardon (sentence commutation) releasing Carlos Vignali from prison. He was then serving the 6th of 15 years in prison.

For further details of Obama's list of economic advisors go here also see piece above about Thaler and his lunatic ideas.

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