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greenman3610 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 03:05 PM
Original message
Rahm says get ready for big changes
President-elect Barack Obama's incoming Chief of Staff, Rahm Emanuel, called for major reforms to our nation's health care, financial, and energy systems at the Wall Street Journal's CEO Council today, challenging CEOs to embrace an ambitious reform agenda.

"When it gets rough out there, a lot of business leaders get out of the car and say, 'We're OK with minor reform.' I'm challenging you today, we're going to have to do big, serious things," Rahm Emanuel said, speaking at a forum convened to elicit corporate opinion on the challenges facing the new president.

The soon-to-be White House Chief of Staff said the Obama Administration saw the economic crisis as an opportunity to advance a suite of bold solutions that would put America back on track. "You never want a crisis to go to waste," Mr Emanuel said, before continuing, "and what I mean by that is it's an opportunity to do things you couldn't do before."

http://watthead.blogspot.com/2008/11/obamas-chief-of-st...

My feeling - Obama's diverse picks are to reflect different constituencies and
points of view, and cover his right flank.
When he starts to move, he's going to go hard at reform, and Rahm is
there to break heads if people don't jump.
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Eric J in MN Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 03:11 PM
Response to Original message
1. I doubt it. If it were up to me, credit default swaps would be banned,
...and any company too-big-to-fail would be broken up.

I'm not expecting any such moves from the Obama Administration.
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jimshoes Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 04:17 PM
Response to Reply #1
8. Absolutely
The biggest gambling structure ever created. And all unregulated. And think about this, if someone "bets" that a corporation will go belly up, via a CDS, and that someone in a position of power to help make that happen, do you think that someone wouldn't do it? Just a hypothetical to chew on. :freak:
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TheWraith Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 06:16 PM
Response to Reply #1
9. Credit default swaps probably WILL be banned.
As for breaking up any company bigger than a lemonaide stand, no, I doubt it.
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Eric J in MN Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-09-08 08:59 AM
Response to Reply #9
10. I'm not aware of any official suggesting that credit default swaps be banned. NT
NT
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napi21 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 03:13 PM
Response to Original message
2. I hope Rahm is our Tom Delay. As much as I detest Tom, he sure
was able to get things done!
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monmouth Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 03:55 PM
Response to Reply #2
7. I hope Rahm is the one to boot that Buchanan lawyer out of D of J....n/t
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Greyhound Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 03:14 PM
Response to Original message
3. I haven't seen much diversity in his picks, but I'm waiting to see what he actually
does once in office.

Here's hoping. :toast:


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OffWithTheirHeads Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 03:16 PM
Response to Original message
4. It's an opportunity to do things you couldn't do before.
Exactly the premise of Naomi Kline's Shock Doctrine only maybe, just maybe it will be used for good instead of greed this time.

I'm hoping
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JJ Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 03:16 PM
Response to Original message
5. The more I see of, and learn about, Emanuel...
the more I like him.
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DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-08-08 03:24 PM
Response to Original message
6. Obama's diverse picks
The problem many have with Obama's cabinet choices is the LACK of diverse voices.

They are retreads from the Clinton era, or (even worse) from W's administration.

There is no diversity that includes his base....the liberals who supported him from the very start.
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