11-26-2008, 03:13 PM
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Guru
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Join Date: Apr 2008
Location: Republik of Kalifornia
Age: 51
Posts: 10,125
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Obama Picks Another Weiner
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Obama chooses Volcker as economic adviser
Former Fed chairman will run board to deal with major challenges
By Robert Schroeder, MarketWatch
Last update: 1:12 p.m. EST Nov. 26, 2008
Comments: 68
WASHINGTON (MarketWatch) -- Reiterating that the United States is facing an historic economic crisis, President-elect Barack Obama tapped former Federal Reserve Chairman Paul Volcker to run a new White House advisory board tasked with offering independent advice about how to stage an economic recovery.
Obama named the 81-year-old Volcker to head the President's Economic Recovery Advisory Board, telling reporters at a news conference in Chicago that Volcker is a voice he knows and trusts.
"Paul has been by my side throughout this campaign, providing a deep understanding of financial markets, extensive experience managing economic crises and keen insight into the global nature of this particular crisis," Obama said.
http://www.marketwatch.com/news/stor...7D&dist=msr_23
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Mr. Secrecy....Mr. Refuse to cooperate with a Congressional investigation. It wasn't long ago that the libs were continually bash the Bush Administration for not cooperating with Congressional investigations.
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September 20, 2004
The Volcker Oil-for-Food Commission: Is It Credible?
by Nile Gardiner, Ph.D., and James Phillips
It has been almost six months since United Nations Secretary-General Kofi Annan announced the appointment of the U.N.’s commission of inquiry, headed by Paul Volcker, into the Oil-for-Food scandal.[1] So far, few details have emerged regarding the Commission’s modus operandi, its staff, or its overall effectiveness. The Commission’s operations are shrouded in secrecy, with little transparency or external oversight. For a commission designed to unearth corruption and malpractice on a huge scale, it is strikingly opaque. Its spartan official website contains little information of value, not even a mailing address.[2]
The Volcker Commission is likely to issue its report in a year’s time (though no firm deadline has been set). Its investigation could cost $30 million in all.[3] The Commission bears all the hallmarks of a toothless paper tiger, with no subpoena power, and is clearly open to U.N. manipulation. It bears no enforcement authority (such as contempt) to compel compliance with its requests for information and has no authority to discipline or punish any wrongdoing it discovers.[4]
Volcker’s Refusal to Cooperate with Congressional and Federal Investigations
In meetings on Capitol Hill on July 13, Paul Volcker “rejected requests from members of Congress for access to review documents and to interview United Nations officials being scrutinized by his panel,” reports the New York Times.[7] Congressional sources have confirmed that the Volcker Commission refuses to grant access to internal reports on the Oil-for-Food program produced by the U.N.’s Office of Internal Oversight Services and is unwilling to share documentation that it holds in Baghdad. It also refuses to guarantee that it will release documents relating to the Oil-for-Food program even after it has filed its final report. This hostile approach seriously undermines the credibility of the Independent Inquiry Committee.
http://www.heritage.org/Research/Int...ions/wm569.cfm
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Since the creation of the United Nations in 1945, the United States has been the biggest contributor to the U.N. The U.S. currently contributes 22 percent of the U.N.'s regular budget. In contrast, France contributes 6.4 percent, Britain 5.54 percent, China 1.53 percent, and Russia 1.2 percent. Total U.S. contributions to the U.N. system in 2001 totaled $3.5 billion, including $612 million in assessed contributions to the U.N. regular budget, $712 million toward U.N. peacekeeping, and $2.2 billion in voluntary contributions.17
http://www.heritage.org/research/Int...ons/bg1748.cfm
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The United States dumps billions down that UN corruption hole and Paul Volker refuses to cooperate with a Congressional investigation to see where out tax dollars are going???? Rahm Emanuel refused to cooperate with Congress when he was in the Clinton White House.
I understand many in the Bush Admin did the same thing and they paid the price Nov 4th, but Obama's Presidency is suppose to change that status quo, that's why people voted for him. I think the slogan for Obama's administration will be "Never fails to Disappoint". He hasn't even been sworn in and it back to politicas as usual.....some "CHANGE".
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Pushing back the frontiers of ignorance.
Last edited by Professor Peabody; 11-26-2008 at 03:16 PM.
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