By James Pethokoukis
January 23, 2012, 3:08 pm
A lengthy piece in The New Yorker looks at policymaking in the Obama White House. A key source for writer Ryan Lizza is a 57-page, “Sensitive & Confidential” memo written by economist Larry Summers—eventually to be head of Obama’s National Economic Council—to Obama in December 2008. Here’s some of what I learned about Team Obama’s thinking as the financial crisis was exploding, followed by quotes from the memo itself:
1. The stimulus was about implementing the Obama agenda.
The short-run economic imperative was to identify as many campaign promises or high priority items that would spend out quickly and be inherently temporary. … The stimulus package is a key tool for advancing clean energy goals and fulfilling a number of campaign commitments.
Read the rest here. You won’t believe it!
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i tried to advocate for #6.if it were implemented, the banks would have been pretty much in the clear by now.
Anyone surprised?
Yes.
Really? Perhaps the scale of the politicization of the bailout is a little shocking, but the fact that the money went to special interests / campaign donors? Really?
If effectively ruined any chance the bailout would work. He had two choices – payoff the special interests and donors, or take a genuine stab at jump starting the economy. I am genuinely surprised he paid off his buddies instead.
Not surprised. UN Agenda 21.
Advance Publications owns The New Yorker. Advance is a member of the CFR (i.e., propaganda media).
Who isn’t? But behind the curtain it is not some mastermind that has everything figured out, or a large group that has complete consensus agreement, but instead Larry, Moe, and Curly.
A plane hits the tower and like the equipment Larry was moving that accidentally hit Moe in the head, all of a sudden the wounds start to become self inflicted as the powers that be continue to take away civil liberties and bankrupt nations until it ultimately comes back and haunts them.
Slap! Patriot Act
SLAP! NDAAA
SLAP! PIPA
SLAP! SOPA
SLAP! TSA+full body scanners
SLAP! Internet kill switch
etc,etc