Mar 6, 2009

President Obamas Economic Team

Looks like Obama still is not practicing what he preaches.

Some members of the president's newly-minted Economic Recovery Advisory Board have questionable economic pasts. The Washington Times reports the panel includes a billionaire whose failed bank pioneered the subprime mortgage market, a union executive who took the Fifth Amendment in a federal probe, and the head of the American branch of Swiss UBS investment bank, which is now at the center of a federal tax evasion probe.

If you ran a company would you hire any of these people? Then why would you hire them to help the country?

The report says 11 of the 16 board members donated or raised money for Democrats in the last election. They gave or gathered $1.2 million to President Obama's campaign.
Hmm. Give some money to them and they will hire you. I wonder if Obama promised these people these positions before he was elected?

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