President Obama has replaced one Robert Rubin acolyte in the OMB position with another.
President Obama has nominated Jacob Lew to replace Peter Orszag as head of the White House Office of Management and Budget.
Lew was Budget director under Clinton in Clinton's last two years. He left that job to be COO of NYU then COO of Citibank'sCiti Alternative Investments Hedge fund operation. Robert Rubin was at Citi at the time.
Like Geithner, Summers and Orszag, Lew is associated with disaster capitalist bankster Robert Rubin, in Lew's case, in two ways-- as a member of Council on Foreign Relations, which Rubin Co-directs, and as an advisory board member of the Brookings Institute Hamilton Project, which Robert Rubin founded. Murphy, in the 2008 article, goes on to prophetically comment,
Oh the Senator who made time for the christening of the new corporatist think tank" the love child of the Clintons' BFF Robert Rubin?
Sen Barack Obama.
What a party: two free traders duking it out for the nomination.
Tweedle corporatist-Dum, Tweedle corporatist-Dee.
I'd ask someone to wake me up when the nominations are decided, but no need to baather.
Stampeding sheep make quite the sound and fury.
Especially when the reasons for the hue and cry are woolly to start with.
And so, Obama, who promised CHANGE and an end to the status quo, continues with more of the same old.
Probably, the reason Lew was appointed was he presided over the budget at a time when, as the Wall Street Journal observes, "decades of deficits turned to surpluses."
Lew must be confirmed by the Senate, which will probably not be much of a problem.
Wikipedia, within minutes of the announcement, already had the updated version of Lew's page.
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