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What do liberals think of Obama's latest move?

Discussion in 'U.S. Politics' started by Andy, Nov 27, 2008.

  1. Andy

    Andy Well-Known Member

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    Washington Post reports
    So let's see who this Paul Volcker is who is going to be in control of economic policy.

    Let's see, he was President of the Federal Reserve Bank of New York during the brilliant 70s, and was appointed by Carter (another brilliant liberal) as Chairman of the Federal Reserve. Before this, he was a primary backer of ending the Gold Standard, which caused the massive stagflation of the 1970s, culminating in the price controlled gasoline shortages under Carter.

    This guy is going to bring stability to our financial system? It was under his leadership that a nation wide protest of the Federal Reserve system happened, where farmers and protesters drove their farm equipment to the Federal Reserve building, and blocked it in on all sides.

    He's a founding member of the Trilateral Commission who have openly stated:


    So he is for rich CEO's of major multinational banks, of which Volcker is a member of Chase Manhattan. You know Chase, the bank that accepted billions from the Federal government as a bail out.

    Nothing like a brilliant messiah, to go pick the worst failures of US history, and make them in charge of future policy.
     
  2. Mr. Shaman

    Mr. Shaman New Member

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    Yeah....we've heard all-of-these warnings, before.....back in '91. :rolleyes:

    Fortunately, you're (also) usually wrong. :p
     
  3. Mr. Shaman

    Mr. Shaman New Member

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    Gee.....it's lookin' like the Vulture Capitalists are about to be put on a leash. :cool:

     
  4. Mr. Shaman

    Mr. Shaman New Member

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    IS going to??????? :confused:
     
  5. pocketfullofshells

    pocketfullofshells Well-Known Member

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    well wall street seems to like him, and people on both sides have come out for him as well. I dont know enough about him though.

    I am happy to hear Gates most likey will stay on though.
     
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