It seemed like Obama had a chance to empower someone like Paul Volker, and if Obama really wanted change, he could have formed a commission of guys like Roubini and others. I was thinking maybe he could have gone way out of the box, enlisted some real minds to try to identify this monster, get arms around it, and root out the disease. Instead Volker has pretty much been outed, and the staff that Obama has, is nothing more then some Clinton retreads. It is simply a left leaning mirror of the losers Bush had.
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Very well stated, SDR. This was my hope as well. There is a very accurate and accesible record of those who got this thing right from the beginning (note this very blog), yet nobody from the blogging community or the “bear camp” has been tapped to help advise the current administration, at least not that I’m aware of.
I’ve been very disappointed with Obama’s appointments, too. Even though I had no illusions about the two-party system (which desperately needs to be broken up), I was hoping for something that at least appeared to be less beholden to the special interests (especially the F.I.R.E. economy players).
