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Fox Hunting: Obama’s Appt of JP Morgan Daley Leaves Obama Agenda Suspect

January 10, 2011

Back to Business. We have another fox in the hen house. Anyone who thinks President Obama is a anti-corporate liberal can chuck that idea. In the past 60 days we have seen a complete turn around in the President’s agenda and abandonment of his so-called, “liberal agenda”. He capitulated to powerful Republicans on extending the Bush tax-cuts for the wealthy which will add $2 trillion dollars to the deficit over the next two years. He bargained away his own bully pulpit and leverage in doing so. Last week, the President appointed a new Chief of Staff, JP Morgan executive, William Daley. While Daley did serve under former President Clinton, his close ties to Wall Street at this juncture is suspect and casts new light on what the real Obama agenda is going forward.

Democracy Now reports:

He’s the Midwest chair of JPMorgan Chase, a board member of the pharmaceutical giant Merck, and former head of telecommunications giant SBC, where he lobbied heavily for deregulation of the phone industry. As a JPMorgan executive, Daley rejected the administration’s request to publicly support establishing the Consumer Financial Protection Agency in the overhaul of financial regulation. And in an interview with the New York Times last year, Daley criticized the administration’s top domestic policy achievement: healthcare reform.

Read the transcript, click here

Democracy Now video report:

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