A banker for White House chief of staff

[Modbert]

A banker for White House chief of staff - Josh Gerstein - POLITICO.com

Just a year or two ago, a lukewarm glass of water and a stern talking-to from President Barack Obama was the most a bank executive could hope for when visiting the White House. Now Obama has chosen one to run the place.

Granted that Bill Daley, whom Obama will announce Thursday afternoon as his new chief of staff, is not your typical banker. He’s a former commerce secretary, who headed up President Bill Clinton’s effort to enact the historic NAFTA treaty, served as chairman of Vice President Al Gore’s presidential campaign in 2000, and happens to be a member of a storied political dynasty in Obama’s hometown of Chicago.

But, more recently, Daley has spent almost seven years as a senior executive at JP Morgan Chase—America’s largest bank. That he will now move from the top echelons of the banking industry to such a senior position is a measure of how the White House has abandoned a strategy of publicly pillorying the financial industry in favor of a more conciliatory, business-friendly tone. And it may be an important clue into the president’s thinking about how he will govern in the next two years.

Daley’s friends and allies in the business world, including prominent Republicans, made clear Wednesday that his appointment would both help Obama mend relations with the titans of industry as well as broker deals with the GOP.

Well this is certainly going to be interesting.

 

[CrusaderFrank]

Obama's re-branding effort in full gear, "Oh yes I love Intrapernoors! God Bless America! All 57 states!"

 

[loosecannon]

we should just cede full control over our Federal Government to the 2 largest banks and end the charade.

 

[Sherry]

He was against bankers before he was for them.

 

[Modbert]

He was against bankers before he was for them.

Considering the amount of donations from the bankers, I doubt he was ever against them.

Obama Bests McCain Among Bush-Backing Bankers, Drug Companies - Bloomberg

Aug. 15 (Bloomberg) -- John McCain's presidential campaign lacks the support of several Republican-leaning industries central to President George W. Bush's record-setting fundraising four years ago.

Democrat Barack Obama has captured $9.6 million in donations from employees working for securities, mortgage and drug companies, compared with McCain's $6.6 million. In 2004, people in those industries gave $10.6 million to Bush and $5.4 million to Democratic nominee John Kerry, according to the Center for Responsive Politics, a research group in Washington.

 

[Sherry]

He was against bankers before he was for them.

Considering the amount of donations from the bankers, I doubt he was ever against them.

Obama Bests McCain Among Bush-Backing Bankers, Drug Companies - Bloomberg

Aug. 15 (Bloomberg) -- John McCain's presidential campaign lacks the support of several Republican-leaning industries central to President George W. Bush's record-setting fundraising four years ago.

Democrat Barack Obama has captured $9.6 million in donations from employees working for securities, mortgage and drug companies, compared with McCain's $6.6 million. In 2004, people in those industries gave $10.6 million to Bush and $5.4 million to Democratic nominee John Kerry, according to the Center for Responsive Politics, a research group in Washington.

Of course not, he's just a smooth talking politician....no surprise there.

 

[blastoff]

Barry's being consistent. Rahm Emanuel also had a banking career.

 

[LibocalypseNow]

Another corrupt Chicago crony. Par for the course for this White House. This one is especially corrupt though. This guy represents the worst of the worst when it comes to corrupt & evil Bankers. Very bad choice by this President.