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by WashingtonsBlog
Puts Fox In Charge of the Henhouse … Again The party line is that Obama’s new pick for SEC boss – Mary Jo White – will be tough on Wall Street. For example, the Wall Street Journal writes: ‘Obama Taps Ex-Prosecutor Mary Jo White, Portending Increased Policing of Wall Street’ In reality, this is putting the fox in charge of the henhouse. White used to represent Morgan Stanley, and blocked an insider investigation into Morgan Stanley boss John Mack. The truth is [...] As President Obama moves to revamp his senior White House staff in the weeks leading up to Inauguration Day, he may want to consider adding something distinctly lacking from the highest echelons of the West Wing: Diversity. Incredibly, nearly all the most senior advisors to the nation’s first black president – whose appeal to minorities and women won him reelection – are white males. Democrats made much during the campaign of [...] Earlier this week, White House economic adviser Gene Sperling announced his support for changes in the tax structure. “[W]e need a global minimum tax so that people have the assurance that nobody is escaping doing their fair share as part of a race to the bottom or having our tax code actually subsidized and facilitate people moving their funds to tax havens,” Sperling said at an official White House meeting. He even [...] Gene Sperling, director of the White House’s national economic council, said today at an official meeting that “we need a global minimum tax”: “He supports corporate tax reform that would reduce expenditures and loopholes, lower rates for people investing and creating jobs in the U.S., due so further for manufacturing, and that we need to, as we have the Buffett Rule and the individual tax reform, we need a global minimum tax so [...] Hans Nichols President Barack Obama may put his mark on the World Bank by nominating Lawrence Summers, his former National Economic Council director, to lead the bank when Robert Zoellick’s term expires later this year, according to two people familiar with the matter. While a Summers nomination may draw criticism from some Democrats who disagree with his past stances on deregulating the financial industry, he has support inside the administration [...] President Obama has picked a strong advocate of immigration reform to head his Domestic Policy Council. The White House announced Tuesday that Cecilia Muñoz, a former senior vice president of the National Council of La Raza, would replace Melody Barnes at the top of the council. White House press secretary Jay Carney announced the appointment during his press briefing.
Muñoz is now serving as the White House’s director of intergovernmental affairs and is [...] At a time when economists say U.S. manufacturing policy is in “disarray,” the Obama administration on Monday said it has created a new Office of Manufacturing Policy to be co-chaired by the Commerce Department Secretary and the director of the White House National Economic Council. “At this make or break time for the middle class and our economy, we need a strong manufacturing sector that will put Americans back to work [...] #1 Occupy Wall Street says that they are angry that the big Wall Street banks “have taken bailouts from taxpayers with impunity, and continue to give executives exorbitant bonuses.” Well, if Barack Obama and John McCain had not aggressively pushed for the Wall Street bailouts back in 2008, they never would have happened. After Obama took office, he rammed through even more bailouts. The reality is that you [...] Good morning,
Pimco’s Mohamed El-Erian and Gene Sperling, director of the National Economic Council, spoke to Bloomberg Television’s Betty Liu this morning about the unemployment report and the state of the U.S. economy.
El-Erian said that the unemployment report is “grim and scary” and that “hopefully it will ring alarm bells in Washington.”
On President Obama’s jobs speech next Thursday, Sperling said that tax and spending initiatives will be proposed that would have [...] By Carol E. Lee Congressional leaders will get the pens President Barack Obama used to sign the debt ceiling bill, but White House staffers who logged long hours to secure the deal got lunch with the boss. President Barack Obama signs the Budget Control Act of 2011 in the Oval Office, Aug. 2, 2011. (Official White House Photo by Pete Souza) Mr. Obama treated a handful of senior White House officials out for [...] President Obama speaks during one of his first economic briefings on January 22, 2009. Also pictured are Vice President Joe Biden, then-budget director Peter Orszag, then-chief of staff Rahm Emanuel and then-Director of the National Economic Council Larry Summers. [...] The U.S. government is expected to hit the $14.294 trillion debt ceiling Monday, setting in motion an uncertain, 11-week political scramble to avoid a default. The Treasury Department plans to announce Monday it will stop issuing and reinvesting government securities in certain government pension plans, part of a series of steps designed to delay a default until Aug. 2. The Treasury’s moves buy time for the White [...] |
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