Friday, November 07, 2008

With Obama having Economic Advisors like these no wonder the stock market is dropping like a rock

Obama to meet with economic advisers today in Chicago

the composition of the Transition Economic Advisory Board also was announced, including not only Granholm and Bonior, long an ally of organized labor, but investment whiz Warren Buffett, a former Fed chairman and two former treasury secretaries.

The group is set to meet today in Chicago with a news conference to follow.

Among those attending: former Treasury Secretaries Lawrence Summers and Robert Rubin, former Federal Reserve Chairman Paul Volcker, former Labor Secretary Robert Reich, former Commerce Secretary Bill Daley and, from the business world, Buffett, Google chairman Eric Schmidt and the heads of Xerox, Hyatt and Time Warner.

Granholm? Granholm? A Governor of a state that is leading the way in a recession, that had a one-state recession long before the rest of the country decided to join the party is who you want on your economic advisory board? A Governor who raises taxes in the midst of a state in recession, that leads the nation in unemployment and foreclosure -- that's who you want in your brain trust.

Given her dealing with the recession in our state was by raising taxes and otherwise governing ineffectively and going on jaunts overseas, the mind boggles as to the advice she will be giving to Obama.

Hold on America as it looks like your about to experience Pure Michigan. Granholm was right in five years you really will be "blown away".

You will not be thanking us for sharing, really.

No comments: