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Thread: Prez Obama needs to ditch his Clinton-era economic team of FAIL

  1. #1
    Elite Member Grimmlok's Avatar
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    Thumbs down Prez Obama needs to ditch his Clinton-era economic team of FAIL

    I missed this CNBC-Roubini/Nassim Taleb exchange earlier in the week but it's well worth viewing for anyone who wants more insight into the problems we have both on Wall Street and in Washington. It's not possible to continue with the same old crowd and that absolutely includes the Obama economic team. They don't get it. They were part of the problem just like Clinton and his team were the problem (think Summers and Rubin) as were the Republicans. There's plenty of blame to go around on both sides of the isle though admittedly, the GOP pushed the hardest and took the largest gambles with the system.

    The Wall Street apologists at CNBC are the same fools that we are listening to in Washington talk about tax cuts as the answer. Not. The. Answer. What else do they want? They got it all during the GOP Congress-Clinton years and then went into overdrive during Bush. This is not a problem to be solved with a bit of tinkering here and there. It's much bigger than that. Obama fell into the trap by hiring the Clinton team who don't get it either.

    By watching this excellent exchange, you can see why we continue to be in this recession and what we're up against for getting out of it. The sooner Obama cuts his losses and gets a team that wasn't in the middle of the problem, the sooner we will move on, though don't expect that change any time soon, if at all in the next four years. In four years, the GOP will be pouncing on "tax cuts to move out of recession" theme once again and unless Obama delivers the change he promised, he is going to be a one-and-done.

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    Amen, whatever happened to Change anyway?

    Oh yeah its what I have left over from my dwindling paycheck!!!

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    Elite Member celeb_2006's Avatar
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    Quote Originally Posted by baked_tater View Post
    Amen, whatever happened to Change anyway?

    Oh yeah its what I have left over from my dwindling paycheck!!!

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    Silver Member Ettabell's Avatar
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    My God...Its called a BACKBONE!!!! Fuck the Republicans and what they think is right, lets once and for all GET THE FUCK OUT OF THIS MESS....

    sorry... pms.

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    Elite Member Sweetie's Avatar
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    Tried to tell you all, but no one would listen.

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    Elite Member Grimmlok's Avatar
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    Still better than Palin/McSame.
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    Gold Member mamaste's Avatar
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    Quote Originally Posted by Sweetie View Post
    Tried to tell you all, but no one would listen.
    It's not that we didn't listen. It was something we already knew. Most of us anyway. He's not the first President I've voted for to do something I totally disagree with. I'm still mad at Clinton for Rwanda and welfare reform and a bunch of other things, but I'm still happy he was my President. It's bullshit that all politicians are the same. A lot of people fell for taht in 2000 and we ended up with Bush. Al Gore would not have been the same President as Bush. No way.

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    Elite Member greysfang's Avatar
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    I disagree with this somewhat. If you will recall, Clinton ended his terms with a very large budget surplus, so his economic team obviously had something going for them.
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    Repubs always try to pull that fiscal conservative mess:


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    Obama's been in office less than a month, and his 700-800 B stimulus package is about to pass. Given all of the other things he's had to do (like starting to clean up the messes Bush left), I'd say he's off to a strong start.

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    Elite Member Grimmlok's Avatar
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    the concensus is that he's off to a very shaky start. The Rethugs basically kicked his ass all around and made him look weak and a neutered bill passed that won't be near large enough to affect any real change.
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    Elite Member cupcake's Avatar
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    Its a shame our counrty is so divided, we must be the laughing stock. The real shame is the two choices we had to vote for, seems we should have been able to do better. With that said, they can take my stimulus check and keep it. I didnt want it the first time and I dont want it this time. Its going to be donated...What help did it do before? Natta
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    Elite Member Grimmlok's Avatar
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    Frankly, the right side is the worst. Hell, at least Obama TRIED to work with them but they shut him down before he even brought over his suggestion.

    Righty wing talk radio blares out lies and nonsense that the mouthbreathers believe

    Limbaugh does his shtick that, anywhere else, would be laughed off the air.

    I mean, people actually buy into that crap. It's ridiculous.
    I am from the American CIA and I have a radio in my head. I am going to kill you.

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