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Pres: Obama's Furman appointment further examined |
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Written by Stumo
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Thursday, 12 June 2008 |
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A Rubinite. In Obama's campaign. "Rubinite" is wonkish
jargon for persons associated with Robert Rubin, a Goldman Sachs
rich guy that served as President Clinton's Treasury secretary.
That Rubinite is Jason Furman. Rubinites happily bestowed the NAFTA model upon us. They believed comparative advantage was actually true in its pure form.
For
years weve expressed strong concerns about corporate influence on the
Democratic Party, John J. Sweeney, president of the AFL-CIO, said
Wednesday in a statement implicitly critical of the symbolism of the
appointment, no matter Mr. Furmans economic skills. ...
My own views, such as they are, are irrelevant, Mr. Furman said. ...
David Ignatius, WaPo columnist, is happy. We can't be consorting with protectionists you know.
It was a telling sign that one of the first things Barack Obama
did after clinching the Democratic presidential nomination was to hire
a new economic policy director, someone who can help him move from the
anti-NAFTA left of the party toward the pro-market center that traces
its lineage to Clinton administration Treasury secretaries Robert Rubin
and Lawrence Summers.
Furman and Obama bear watching. The country cannot afford more
of these
trade-agreements-for-the-sake-of-trade-agreements, and cannot afford to
merely "tweak" our trade policy
direction... which assumes we had a trade policy aside from more
USTR-negotiated deals, whatever they may say. Financial firms'
interests should not longer
predominate.
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