Tag Archives: Chicago

Hen house outsourced to wolves

As they say, “if you can’t beat ’em, hire ’em.” Bloomberg, Boston.com, LA Times and others are reporting that your President is about to name JPMorgan executive, William Daley,  as the new White House Chief of Staff. No comment, yet, from the White House on how they plan to cover the odor from this stink bomb.

Yes, he’s the brother of Chicago Mayor Richard M. Daley who is stepping down to allow former investment banker and most recent White House Chief of Staff, Rahm Emanuel, to take over the city of Chicago. For those of you who might be jumping to the conclusion that there’s some connection between the two events, it seems reasonable, but surely just a “coincidence.” Technically, this does not violate Obama’s stated goal of tougher a “revolving door” policy. Nor is it likely that after months and months of future politically-motivated Republican Congressional hearings into the matter and articles of impeachment, will, what’s left of Harry Reid’s Senate, actually make Joe Biden president. Watch Fox News or go to www.FoxNews.com/ImpeachObamaIn2011 for updates.

This is just a stink screen for the bigger message being sent to the US Chamber of Commerce – you don’t have to wait until 2012, you can have executive wing of our government now. The message of the midterm elections was clear – every sitting president loses the midterms. No, the other message – food for the hungry, medical care for the sick, quality education, unemployment benefits and peace are anti-business which is anti-jobs which is anti-people which is anti-American.

Joining the ranks of other Obama administration bankers, Wall Streeters and their lobby and attorney emissaries with impressive progressive credentials, including, but not limited to, Larry Summers, Timothy Geithner, Rahm Emanuel, Gary Gensler, Peter Orszag, Mark Patterson, Diana Farrell, Stephen Friedman, Robert Hormats, Neel, Mark Patterson, Adam Storch, Michael Froman, Thomas Donilon, Louis Caldera and David Axelrod, William M. Daley is currently Midwest Chairman, Head of Corporate Social “Responsibility,” and Member of the Operating Committee of JPMorgan Chase. He’s also serves on the board of US-China Business Council, Merck & Co., Abbott Laboratories, Boeing, and, surprise, is a director of the US Chamber of Commerce. Richard Daley’s seventh and youngest child, Mr. Daley is also a lawyer, former Commerce Secretary under Bill Clinton and was vice chairman of Al Gore’s presidential selection campaign.

So let’s recap, and I’m not making this up: President Obama is poised to pick as White House Chief of Staff, arguably the second most powerful job in government, a man who is currently working for the second largest US bank, two of the largest pharmaceutical companies, the third largest military contractor, a pro-China business group and the US Chamber of Commerce. In President Obama’s defense, he did warned us about the audacity of hope.