Montag
11-08-2008, 02:31 PM
Obama's Change Leaves By The Back Door
By Tom Eley
07 November, 2008
http://www.countercurrents.org/eley071108.htm
excerpt:
Three days after Barack Obama's election victory, the initial moves by the president-elect to prepare his administration already show that his policies will be determined not by popular expectations, but by the domestic and foreign policy interests of the American financial and corporate elite.
Obama and Democratic congressional leaders are well aware that these policies—further measures to secure the social interests and personal wealth of the financial aristocracy at public expense and the continued use of military violence in the Middle East and Central Asia—clash with the will of the electorate, which sought to reverse these policies by sweeping the Republicans out of power. That is why the Democrats are seeking to dampen expectations of a serious change of course.
The personnel of Obama's transition team and his first major appointment stand in obvious contradiction to his campaign rhetoric about "change," "new politics," and "building a movement from the ground up." The individuals selected are all fixtures of the political establishment, with close ties to powerful corporate and financial interests.
Obama's transition team, which will assist in assembling his cabinet, is headed by John Podesta, former chief of staff to Bill Clinton and one of Washington's most successful corporate lobbyists. Co-chairing the transition team are Valerie Jarrett, a long-time Obama advisor, Chicago real estate executive and influential figure within the Chicago Democratic Party machine, and Pete Rouse, a Washington insider and Obama's senate chief of staff. (See: "A closer look at Obama's transition team").
Obama's first appointee is Rahm Emanuel, who will serve as his chief of staff. The Illinois Congressman is a leading member of the right-wing Democratic Leadership Council. While running for Congress in 2002, he supported Bush's bill to authorize military force against Iraq. A former investment banker, he has close ties to financial interests and is one of the biggest recipients of campaign cash from banks and investment firms.
Sources close to Obama have leaked names on the list of candidates for the position of treasury secretary—no doubt as a means of reassuring Wall Street. Included are former Federal Reserve Chairman Paul Volcker, former Clinton treasury secretary and current Citigroup executive Robert Rubin, another former Clinton treasury secretary, Lawrence Summers, and Timothy Geithner, the New York Federal Reserve Bank president.
All of these individuals played leading roles in the deregulation of the banks and investment houses that facilitated the super-profits and massive CEO compensation packages of the 1990s and first half of the current decade, and contributed to the financial collapse that is now plunging the US and the rest of the world into the deepest recession since the 1930s.
Geithner has played a central role in the government bailout of Wall Street banks and other major firms, such as insurance conglomerate AIG and the mortgage finance giants Fannie Mae and Freddie Mac.
As Federal Reserve chief under Jimmy Carter and Ronald Reagan, Volcker was responsible for the high interest rate "shock therapy" which decimated American industry in the early 1980s and led to the impoverishment of entire regions.
There is much speculation that Obama will ask current Defense Secretary Robert Gates to stay on in the same capacity, at least on an interim basis. Gates recently gave a speech expanding the doctrine of "pre-emptive war" to include the use of first-strike nuclear attacks.
Other names broached for the positions of defense secretary and secretary of state include former Bush Secretary of State Colin Powell, outgoing Republican Senator Chuck Hagel of Nebraska, and Anthony Lake, who as Clinton's national security advisor played a key role in organizing the US-NATO war against Yugoslavia.
By Tom Eley
07 November, 2008
http://www.countercurrents.org/eley071108.htm
excerpt:
Three days after Barack Obama's election victory, the initial moves by the president-elect to prepare his administration already show that his policies will be determined not by popular expectations, but by the domestic and foreign policy interests of the American financial and corporate elite.
Obama and Democratic congressional leaders are well aware that these policies—further measures to secure the social interests and personal wealth of the financial aristocracy at public expense and the continued use of military violence in the Middle East and Central Asia—clash with the will of the electorate, which sought to reverse these policies by sweeping the Republicans out of power. That is why the Democrats are seeking to dampen expectations of a serious change of course.
The personnel of Obama's transition team and his first major appointment stand in obvious contradiction to his campaign rhetoric about "change," "new politics," and "building a movement from the ground up." The individuals selected are all fixtures of the political establishment, with close ties to powerful corporate and financial interests.
Obama's transition team, which will assist in assembling his cabinet, is headed by John Podesta, former chief of staff to Bill Clinton and one of Washington's most successful corporate lobbyists. Co-chairing the transition team are Valerie Jarrett, a long-time Obama advisor, Chicago real estate executive and influential figure within the Chicago Democratic Party machine, and Pete Rouse, a Washington insider and Obama's senate chief of staff. (See: "A closer look at Obama's transition team").
Obama's first appointee is Rahm Emanuel, who will serve as his chief of staff. The Illinois Congressman is a leading member of the right-wing Democratic Leadership Council. While running for Congress in 2002, he supported Bush's bill to authorize military force against Iraq. A former investment banker, he has close ties to financial interests and is one of the biggest recipients of campaign cash from banks and investment firms.
Sources close to Obama have leaked names on the list of candidates for the position of treasury secretary—no doubt as a means of reassuring Wall Street. Included are former Federal Reserve Chairman Paul Volcker, former Clinton treasury secretary and current Citigroup executive Robert Rubin, another former Clinton treasury secretary, Lawrence Summers, and Timothy Geithner, the New York Federal Reserve Bank president.
All of these individuals played leading roles in the deregulation of the banks and investment houses that facilitated the super-profits and massive CEO compensation packages of the 1990s and first half of the current decade, and contributed to the financial collapse that is now plunging the US and the rest of the world into the deepest recession since the 1930s.
Geithner has played a central role in the government bailout of Wall Street banks and other major firms, such as insurance conglomerate AIG and the mortgage finance giants Fannie Mae and Freddie Mac.
As Federal Reserve chief under Jimmy Carter and Ronald Reagan, Volcker was responsible for the high interest rate "shock therapy" which decimated American industry in the early 1980s and led to the impoverishment of entire regions.
There is much speculation that Obama will ask current Defense Secretary Robert Gates to stay on in the same capacity, at least on an interim basis. Gates recently gave a speech expanding the doctrine of "pre-emptive war" to include the use of first-strike nuclear attacks.
Other names broached for the positions of defense secretary and secretary of state include former Bush Secretary of State Colin Powell, outgoing Republican Senator Chuck Hagel of Nebraska, and Anthony Lake, who as Clinton's national security advisor played a key role in organizing the US-NATO war against Yugoslavia.