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...To replace Larry Summers as head of the National Economic Council, Obama brought in Gene Sperling, who held the same position in the Clinton administration. With Chief of Staff Rahm Emanuel back in Chicago running for mayor of the Windy City, the president brought in the former mayor's brother, William Daley, a former Clinton administration official and banker. And to top it off, General Electric CEO Jeffery Immelt was tapped to lead a newly created Council on Jobs and Competitiveness.
....in the 1990s Sperling worked behind the scenes to secure the passage of the North American Free Trade Agreement....Sperling moved up to take over the NEC, he was working on China’s entry into the World Trade Organization, an event which caused millions of manufacturing jobs in U.S. to be permanently lost.
Sperling also played a major role in repealing the Glass-Steagall Act, which separated commercial and investment banking. Many observers credit the act’s repeal with causing the financial crisis that brought the economy to its knees.
Daley too was instrumental in the passage of NAFTA and China’s entry into the WTO. During the debate over NAFTA, he served as a special council to the president. His only responsibility during that time was ensuring that the trade deal passed.
After delivering the trade pact that cost America 20 percent of its manufacturing jobs in just 14 years, Daley moved on to serve as Clinton’s Commerce Secretary from 1997-2000. During that time, he helped pave the way for China’s entry into the WTO....
Immelt, who will now have the president’s ear in an advisory role, has consistently supported the same failed trade policies that have cost America millions of jobs. As the leader of one of the world’s largest companies, he has been at the forefront of the outsourcing movement.
“You would have difficulty finding a company that has outsourced more jobs and closed more American factories than GE,” Scott Paul, Executive Director of the Alliance for American Manufacturing writes. “While they have slashed their American workforce to fewer than 150,000, GE has dramatically expanded its global presence, now employing over 300,000 workers worldwide.”
In the past, Immelt was a vocal supporter for China’s entry into the World Trade Organization. He also spoke out against the proposed “buy American” provision....
I felt like I had been watching this guy go from passionate man of the people to overblown ego in a suit before my very eyes as the show progressed and this just cinches it. It is kind of too bad. He seemed to have some kind of potential way back when. He was very conservative on a lot of fiscal issues. He was all about guns and hunting. He worried more about the guy that fixed his car than the guy that owned the car company. He got on TV and that started to change. His head got too big for him and I lost any hope I had for him by like his second week on tv.
Ingrham is a disgusting creature. Have any of you listened to her am radio show? Shes is of the same corporate warmongering ilk as Malkin and Coulter.
It makes me wonder.... if he has (maybe several times) propositioned her for an intimate encounter...and she has continuously turned him down...thus his anger towards her...I'm just saying..
Did you know he use to be a Right aligned Radio host.
What upsets me is that he only got a week off.
We will never be able to stop these idiots if they know they will only get a slap on the wrist. He should be black listed.... by MSNBC as an example....
Maybe if MSNBC would have hanled Oberman more harshly, this event wouldn't have happened. no, instead they basically encouraged it.
Thumbs up for Laura---which she is Heads & Tails above ED.
It's no worse than the foaming, hate-dribble that flows from the mouths of Limbaugh, Hannity, O'Reilly, Savage and Beck on a regular basis.