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Old 12-28-2011, 12:07 AM
 
6,940 posts, read 9,650,561 times
Reputation: 3153

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Darn!!!! Instead of nominating someone who isn't an economist like Peter Schiff, he chooses someone from academia.

Quote:
President Obama on Tuesday nominated a Republican and a Democrat to serve on the Federal Reserve, as he seeks to break a political logjam preventing many of his high-profile nominees for positions in economic policy and financial regulation from taking office.
The Democrat, Harvard professor Jeremy Stein, served in the Obama administration in the White House and Treasury Department. The Republican, Jerome “Jay” Powell, was a Treasury official in the George H.W. Bush administration and a former financial executive. Both men would bring specialized knowledge in finance — one from the academic perspective, the other from industry — to the Fed.

Obama nominates a Republican and a Democrat to the Fed - The Washington Post
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Old 12-29-2011, 10:28 PM
 
6,940 posts, read 9,650,561 times
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Why no replies?
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Old 12-29-2011, 10:30 PM
 
Location: Chicagoland
41,325 posts, read 44,843,467 times
Reputation: 7118
Quote:
Originally Posted by knowledgeiskey View Post
Darn!!!! Instead of nominating someone who isn't an economist like Peter Schiff, he chooses someone from academia.




Obama nominates a Republican and a Democrat to the Fed - The Washington Post
Haven't we learned over the last three years these tools from academia have no clue what they're doing?

How about someone who has some practical experience?

I see the republican, of course, has the right kind of experience for the job.
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