Obama economic team

Meet Obama's New Council of Economic Advisers Chair, Labor Economist Alan Krueger

Who is Alan Krueger?  More importantly, is anyone in this administration going to propose solid legislation and policies, well thought out in detail, that will actually work to get America back to work?  Bottom line, it looks like the same ole party line and finding anywhere Krueger has crossed it comes up empty.
line in sand

The GE Deal

To add credibility to rhetoric, and to provide a measure of substance to minor accomplishments, politicians often cite relatively insignificant numbers and data to boost support. The most recent claim of success is being lauded today in Schenectady, N.Y., birthplace of the General Electric Co., to showcase a new GE deal with India, and to announce a restructured presidential advisory board to focus on increasing employment and competitiveness.

Volcker Resigns and Goldman Sachs Moves In

corp alliance pledge
The Obama administration is having a shake up. Former Federal Reseve Chief Paul Volcker is quitting. His final act? Trying to get real financial reform, known as the Volcker Rule and was beaten down at every turn.

Now here comes Goldman Sachs and JPMorgan Chase, straight into the White House.

Gene Sperling, a former Goldman Sachs consultant and more infamous, architect for many of the current consequences our economy is suffering, laid down in the Clinton administration, is slated to replace the equally corporate driven Larry Summers for the top economic adviser spot.

Even Time Magazine calls Sperling Obama's corporate Ambassador and Dean Baker suspects Sperling thinks asset bubbles are cool:

The primary issue is not that Sperling got $900,000 from Goldman Sachs for part-time work, although that does look bad. The primary issue is that Sperling thought, and may still think, that the policies that laid the basis for the economic collapse were just fine.