RUBIN ADMITS HE IS A CLUELESS FOOL

[Joanne98]

Rubin is now under sustained attack from not only Krugman of the NYT but now, the Wall Street Journal. This means, this idiot, this horrid, stupid, incompetent fool will probably not be in charge of the many trillions of bail out money that our government is spilling all over the place.

Good riddance. Also, we look at the Walmart trampling episode: Walmart is a crime magnet. It was only a matter of time before it made the news. I hope Walmart get sued. This will motivate them to fez up and provide realistic security in their little hell holes they call ‘mega-stores.’

http://emsnews2.wordpress.com/2008/11/30/rubin-admits-he-is-a-clueless-fool/

[leftchick]

1. why in the hell does this guy and his guys hold such sway with Obama??

WASHINGTON: It is testament to the star power of former Treasury Secretary Robert Rubin among many Democrats that as Barack Obama fills out his economic team, a virtual Rubin constellation is taking shape.

The president-elect used the announcement Monday that he was appointing two Rubin protégés, Timothy Geithner as Treasury secretary and Lawrence Summers as senior White House economic adviser, to underscore his determination to step aggressively into a economic leadership vacuum in Washington while also maintaining continuity with the Bush administration before the transition of power Jan. 20.

Obama is expected to soon announce the appointment of another Rubin protégé, Peter Orszag, as White House budget director. And even the headhunters for Obama have Rubin ties: Michael Froman, who was Rubin's chief of staff in the Treasury Department and followed him to Citigroup, and James Rubin, Robert Rubin's son.

Geithner, Summers and Orszag have all been followers of the economic formula that came to be called Rubinomics: balanced budgets, free trade and financial deregulation.

The combination was credited with fueling the prosperity of the 1990s. But times have changed since then. On Wall Street, Rubin is facing questions about his role as director of Citigroup, given the bank's current troubles, and during the weekend held several discussions with Treasury Secretary Henry Paulson as a government rescue of Citigroup was organized.