The last remaining Obama advisor who's not a banker -or totally in the banker's pockets- is now bailing...
President Barack Obama announced Thursday that former Federal Reserve Chairman Paul Volcker was stepping down from his role as head of an outside panel advising the White House on economic policy.
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The White House order creating the panel expires on February 6 and sources said Obama plans to reconfigure it to focus more on business outreach. General Electric Co. chief executive Jeffrey Immelt is seen as top candidate to head the new board.
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The White House order creating the panel expires on February 6 and sources said Obama plans to reconfigure it to focus more on business outreach. General Electric Co. chief executive Jeffrey Immelt is seen as top candidate to head the new board.
Jeffrey Immelt! Isn't that special... CEO of the same General Electric who set up MSNBC as a blaring Obammunist propaganda organ and anti-American smear machine... same GE who Obama spoon-fed business deals straight from the Kremlin and now the Chinese. Immelt is already on another WH board, but now moving yet closer the the den of the beast.
Immelt's GE has also been heavily criticized by FNC's Bill O'Rielly for questionable deals with Iran... gee might that have something to do with Obama's serial appeasement of those hate-soaked apocalyptic savages.
General Electric -although highly profitable and in little risk of financial collapse- also took $85B in TARP funds... and since they're not a bank, GE exploited loopholes in the legislation to do it. Looks like they know which buttons to push when dealing with depraved political racketeers like Barack Obama, too.
And why might Volcker be headed for the exit? The former Treasury Secretary -the man credited with taming inflation during the Reagan Administration- has been unhappy deferring to other less-qualified Obama advisors such as Geithner and Sumner, and long doubted the influence his Economic Recovery Board had on Obama policy- if any. Sadly, the presence of Paul Volcker now appears to have been just window dressing, adding a facade of credibility to an otherwise dubious bunch under Turbo-Tax Tim.
And who needs to be hanging around this crew when the dollar crash comes, anyway? Good time for Mr Volcker to head for the hills, perhaps- nobody down there was listening to him anyway.
Note this story of Volcker released at 12:15 am on a early Friday morning... typical news dump re. anything less than flattering to this vile Obama regime.
10 comments:
The economic team failed miserably.....Usually happens to thugs.
My first impression when I heard about this is 'GE???' a progressive 'hate America' machine with highly questionable dealings and then Immelt??? OMG!
Once again. The man at the top of nations leadership has NO CLUE what he is doing.
You talkin' to me? Huh? You talkin' to me?!
/inside joke
Now I'm really scared- gonna have to block u lol
I was not surprised to see him make such a move. These people have to run out of town...
The MSM liked to say Obama was re-fashioning himself with a Daley as White House COS and most MSM will say the same here with Immelt.
I would tend to agree with the MSM on this but not share their conclusion on his attempting to be more business friendly but rather getting better criminals in his inner circle.
Thank God last November was successful.
(p.s. RR, Thanks for the featured spot!
You got that right, Adrienne- watch 'em scatter
And Christopher, Immelt will be on a "job creation panel"- Reagan said small business create almost all the economic growth in the US, so in my view although a businessman Immelt's not the guy to help small entrepreneurs- and thus will not create jobs, not in this country anyway
You know, Obama like union bosses and heads of big companies that can be bought with "deals", like in Chicago of course- and he can't control a million entrepreneurs like he can the Immelts of the world
One cannot make this stuff up! Ge is now better positioned than ever to rape the Public for bogus green product BS! Amazing how this bozo in the white House continues to surround himself with either ideologues who never worked a day in their lives or failed businessmen like Immelt. It's not that Comrade Obama is clueless. It's because he is in every sense a Lenin/Marxist socialist who will continue to have people who think like him as his advisers. Utterly disgusting!
This doesn't surprise me after what I've learned about GE from Antony Sutton's works. Obama is the banksters front man anyway based on his actual behavior. Look at whose exempt from Obamacare, etc.
I agree Joe... he knows just what he's doing
And upholding his oath of office has nothing to do with it
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