all the good stuff I came across today

November 24, 2008 - Monday

OBAMA STOCKS THE CABINET SO FAR IT LOOKS LIKE THIS

State – HILLARY CLINTON not 100% official

Treasury – TIM GEITNER

Homeland Security – GOV. JANET NAPOLITANO (D-AZ)

Health and Human Services – SENATOR TOM DASCHLE (D-ND)

Commerce – GOV BILL RICHARDSON (D-NM)

Justice – ERIC HOLDER

Defense - POSSIBLE BUSH HOLD OVER ROBERT GATES

Office of Management and Budget – PETER ORSZAG

Chief of Staff – RAHM EMANUEL (D-IL)

Obama not --likely-- to push repeal of Bush tax cuts until 2011

Lawrence Summers to become Obama's top economic adviser

As Michel Chossudovsky has pointed out:

--Lawrence Summers played a key role in lobbying Congress for the repeal of the Glass Steagall Act. His timely appointment by President Clinton in 1999 as Treasury Secretary spearheaded the adoption of the Financial Services Modernization Act in November 1999. Upon completing his mandate at the helm of the US Treasury, he became president of Harvard University (2001- 2006).--

Berkeley Prof Christina Romer to Head Council of Economic Advisers

Paulson Was Behind Bailout Martial Law Threat to Pass $850 billion Bailout

Speaking on Tulsa Oklahoma’s 1170 KFAQ, when asked who was behind threats of martial law and civil unrest if the bailout bill failed, Senator James Inhofe named Treasury Secretary Henry Paulson as the source. “Somebody in D.C. was feeding you guys quite a story prior to the bailout, a story that if we didn’t do this we were going to see something on the scale of the depression, there were people talking about martial law being instituted, civil unrest….who was feeding you guys this stuff?,” asked host Pat Campbell. “That’s Henry Paulson,” responded Inhofe, “We had a conference call early on, it was on a Friday I think – a week and half before the vote on Oct. 1. So it would have been the middle … what was it – the 19th of September, we had a conference call. In this conference call – and I guess there’s no reason for me not to repeat what he said, but he said – he painted this picture you just described. He said, ‘This is serious. This is the most serious thing that we faced.’” Inhofe said that Paulson told members of Congress the crisis would be “far worse than the great depression” if Congress didn’t authorize the bill to buy out toxic debt, a proposal “which he abandoned the day after he got the money,” added Inhofe.

Obama looks to Eric Holder for justice

Obamas Chief Economics Advisor Austan Goolsbee on CNN

Austan Goolsbee, PhD, Fulbright scholar at The London School of Economics,

Associate Editor at American Economics Association,

and Barack Obama’s Chief Economic Advisor throughout the campaign and he hates Milton Friedman!!