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Get to know Obama’s new economic adviser

January 7, 2011

"All your base are belong to us"

Ever heard of a dude named Gene Sperling?  Yeah, me neither, but apparently this dude rolls with some good company.  Oh, and he is about be named the new head of the National Economic Council – that’s the group that gives Obama all the bad advice about the economy.

What has this man done that makes him so qualified to be a bad advice giver to our messiah?  Let’s investigate.

First off, whether or not Obama’s criticism is warranted, the president feels the Graham-Leech-Bliley act was a major contributor to the economic meltdown we suffered in 2007.  Why is that important, Gene Sperling was a principal negotiator with the Treasury Security on that bill.  So Obama is putting someone in charge of giving him advice that he says helped cause the problems we are in in the first place?  Uhh…good call?

Gene Sperling was also a negotiator to help get China into the World Trade Organization in 2001.  That has worked out pretty well for us…well not really.  Our trade deficit has only grown.  But since we love to borrow money from the Chinese, I guess its fitting and proper we give them tons of money to loan to us.

Gene is also a writer, penning two books.  His most popular named The Pro-Growth Progressive: An Economic Strategy for Shared Prosperity which sounds to me like he is all for capitalism, don’t you comrades?  If you are feeling froggy and want to read his work, good news, this book is currently bargain priced on Amazon – hardback only $6.

His other book?  It is titled What Works in Girls’ Education.  I know, I was thinking the same thing, “what is this guy, a creeper or something?”  But in truth, he is intimately familiar with the education of our youth…in other countries.  Here is from an article posted yesterday on Mother Jones titled Is Larry Summers’ Potential Successor Really a Wall Street Ally?

Sperling devoted most of his time to addressing the challenge of global poverty, particularly promoting the need for basic education in developing nations (with an emphasis on educating young girls). He created and led the Center for Universal Education at the Council on Foreign Relations. (The center is now based at the Brookings Institution.) He wrote papers and articles and convened seminars on how the world’s wealthy had to do more (and spend more) to redress poverty in developing nations, especially Africa, where he traveled frequently. He developed a program with Hollywood star Angelina Jolie to push for educating children in regions of conflict.

If more liberals cared about our own kids education, we might have some decent public schools, what do you think Oprah?

The title of the above quoted article can be a tad confusing if you are not familiar with this man’s body of work, or more importantly, how much he has been compensated for said work.  The whole point of the article is to prove he is not a Wall Street douche by pointing out that although he is in fact a Wall Street douche, making almost 900k in 2008 working for Goldman Sachs (seems like GS is a training ground for Obama’s whole staff doesn’t it?), that it is perfectly on the level for evil rich people to make that much money if they do so in a non-evil rich people way.  Like giving out money:

he was not helping the investment firm earn money, but spend it—on a $100 million charitable project aimed at elevating the skill levels of poor women in developing nations.

See?  It is only bad to make that much money if you are actually trying to “make money”.  If you are handing money out to people, you can and should be compensated like a Wall Street lawyer.

Well anyway, that’s the short and sweet skinny on our new head of the National Economic Council.  Considering how bad Larry Summers was, I don’t think this guy could do much worse.

6 Comments leave one →
  1. January 7, 2011 11:26 am

    They can always be worse, Fleece. But we can rest assured that Goldman Sachs are again happy with his appointment. Why doesn’t Obama just move his office to Goldman Sachs and make his life easier?

    • January 7, 2011 3:30 pm

      I know right? If this keeps up the left just maybe, might, possibly, have to re-think how they label the GOP the party of Wall Street. Oh who am I kidding? Facts don’t matter.

  2. LD Jackson permalink
    January 8, 2011 5:41 am

    This fellow sounds more like a community organizer than an economic adviser to me.

    • January 8, 2011 6:55 am

      Maybe that explains it, lol.

  3. January 8, 2011 1:03 pm

    addressing the challenges of global poverty. joy.

    these people really have God complexes, don’t they?

    • January 8, 2011 1:55 pm

      They do.

      Notice they “address” the challenge, not fix the damn thing. To address something means to “deal with or discuss”. Sounds like they weren’t trying to hard to eradicate global poverty, just mostly discuss it. Good for them. I am sure the poor bloated children too tired to swat the flies on the faces are happy you are discussing their problems. Damn I hate progressives.

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