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To: Liz; Grampa Dave; Frantzie
Geithner, as NY Fed president and participant in TARP and other decisions during credit crunch of September-October, was supposed to "hit the ground running". Yet he can't even get the team together, and keeps running into ego problems between him, Larry Summers and Paul Volcker. Obama is using the concept of "team of rivals", and he makes his his cabinet and inner circle choices accordingly...

He did exactly that with State Department - UN Ambassador Susan Rice was given a cabinet position, essentially giving her equal status and voice as he gave Hillary, to keep Hillary Clinton in check and have her as a scapegoat if anything goes "wrong" or not according to his plan. Same plan with the DoD and DHS and Intelligence appointments. That's also why he likes "czars" who could operate outside of and undermine the authority of cabinet Secretaries.

It makes them not feeling in charge, even of their own departments or fiefdoms, constantly in chaos and needing and dependent on Obama's "favors", like being teacher's pets at the moment.

This is vintage Gasparino:

Treasury Secretary Geithner's choice for deputy withdraws; department still lacks senior staff - March 5, 2009

Half of Bankers Would Quit UK If Bonuses Capped - February 27, 2009

Bank 'Stress-Tests' Could Discourage Many to Lend - February 26, 2009

This is just precious, from Geithner:
Geithner: Bankers to Blame for Loss of Confidence - February 25, 2009

Even "pinko" Jim Cramer has been on Githner's and Obama's case lately:
Blame Geithner for Market Mess - February 23, 2009

Washington Dithers, Dow Drops - February 20, 2009

The Little Tim That Couldn’t - March 2, 2009

And here is a must-read article that shows what's really behind Obama's economic policy. Just like Saul Alinsky was his mentor in radical political methods of operation, this one is a mentor of his and his team's radical economic policies:
Yale’s Tobin Guides Obama From Grave as Friedman Is Eclipsed - February 27, 2009

James Tobin was a recipient of 1981 Nobel Memorial Prize in Economic Studies. Just a short list of Tobin's students, colleagues and disciples from the article:
Austan Goolsbee (Obama advisor), Ben Bernanke, Paul Krugman (2008 Nobel), Joseph Stiglitz (2001 Nobel), William Brainard, Robert Schiller, Janet Yellin (SF Fed president), James Galbraith (son of John Kenneth Galbraith, a friend of Tobin), Noel Roubini (aka "Dr. Doom"), David Swensen (Yale's investment manager), Richard Levin (Yale's president)...

49 posted on 03/05/2009 9:46:32 PM PST by CutePuppy (If you don't ask the right questions you may not get the right answers)
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To: CutePuppy

Anagram for “team of rivals”: Fatal Move, Sir.


50 posted on 03/05/2009 9:55:17 PM PST by aruanan
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