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Obama Selection Of Daley Will Focus Staff On Economy
by Oneida Spraque
Bill Daley has been appointed new White House chief of staff by the president. Yes, Obama Choice of Daley to Focus Staff on Economy. The sixty-two year old business and economics expert has an extensive background in politics. His late father, Richard J. Daley, was the mayor of Chicago for twenty-one years. His older brother, Richard, now holds that elected position. We will be seeing a lot of him, speaking out on behalf of the president about financial matters.
The new chief of staff has extensive experience in business. He is on the JPMorgan Chase & Co., Executive Committee, chaired the presidential election campaign for Al Gore and is on the board of directors at Boeing. In addition, he is welcomed to the position by many Republican senators and business leaders who are in favor of the appointment.
Gene Sperling is appointed by the president to lead the National Economic Council. He has served in that position before. When Bill Clinton was president, Sperling held the same position. One of the things he fought for at that time was raising the visas issued to 195,000 as a maximum. Currently the maximum is 85,000. This H-IB visa gave an advantage to businesses that did offshore outsourcing.
This encourages the shifting of jobs to countries overseas. How Sperling will handle this issue and the H-IB visa is not foreseen. It is up to him to create a solution that will satisfy both the U. S. Labor Department and the companies that do the outsourcing.
The new leader of the National Economic Council, Timothy Geithner, is predicted to concentrate on the much-needed continuation of an economic recovery. He is an economist and banker who has vast knowledge and experience in finance. He once held the position of President of the Federal Reserve Bank of New York.
His goals will include restructuring the financial system and nourishing the continuing recovery of the automotive industry. Tax changes will also be in the works. He will negotiate with foreign leaders to promote economic improvements. The new appointees are devising ways to further rejuvenate the economy. The staggering amount the national debt has risen to will also be a major concern,
Members of Congress from the Republican and Democratic parties have good working relationships with these new appointees. Daley functions well with labor and big business contingencies. He is a member of two prominent Washington D. C. Organizations, the Business Roundtable and the U. S. Chamber of Commerce.
Senate Republican leader Mitch McConnell voiced his opinion of Daley as a beneficial chief of staff due to his corporate world experience. His business positions have been successful. He was at JPMorgan since 2007. He spent three years as president of SBC Communications. The only fault to be found with his background was having been a board member of Fannie Mae. Along with the Freddie Mac program, Fannie Mae was the precursor to the financial crisis many homeowners found themselves in. Many people lost their homes to foreclosure due to laxity of the loan officers in approving mortgage loans.
It is the expectation that Daley will resign from his position at JPMorgan & Chase. We can expect him to turn his attention to the financial problems at hand. President Obama made a wise choice as far as the opinions of top leaders from both political parties are concerned. He will be elucidating his views on the major news shows to outline a workable plan to deal with jobs and the national debt. Evelia K. Roskovensky
The new chief of staff has extensive experience in business. He is on the JPMorgan Chase & Co., Executive Committee, chaired the presidential election campaign for Al Gore and is on the board of directors at Boeing. In addition, he is welcomed to the position by many Republican senators and business leaders who are in favor of the appointment.
Gene Sperling is appointed by the president to lead the National Economic Council. He has served in that position before. When Bill Clinton was president, Sperling held the same position. One of the things he fought for at that time was raising the visas issued to 195,000 as a maximum. Currently the maximum is 85,000. This H-IB visa gave an advantage to businesses that did offshore outsourcing.
This encourages the shifting of jobs to countries overseas. How Sperling will handle this issue and the H-IB visa is not foreseen. It is up to him to create a solution that will satisfy both the U. S. Labor Department and the companies that do the outsourcing.
The new leader of the National Economic Council, Timothy Geithner, is predicted to concentrate on the much-needed continuation of an economic recovery. He is an economist and banker who has vast knowledge and experience in finance. He once held the position of President of the Federal Reserve Bank of New York.
His goals will include restructuring the financial system and nourishing the continuing recovery of the automotive industry. Tax changes will also be in the works. He will negotiate with foreign leaders to promote economic improvements. The new appointees are devising ways to further rejuvenate the economy. The staggering amount the national debt has risen to will also be a major concern,
Members of Congress from the Republican and Democratic parties have good working relationships with these new appointees. Daley functions well with labor and big business contingencies. He is a member of two prominent Washington D. C. Organizations, the Business Roundtable and the U. S. Chamber of Commerce.
Senate Republican leader Mitch McConnell voiced his opinion of Daley as a beneficial chief of staff due to his corporate world experience. His business positions have been successful. He was at JPMorgan since 2007. He spent three years as president of SBC Communications. The only fault to be found with his background was having been a board member of Fannie Mae. Along with the Freddie Mac program, Fannie Mae was the precursor to the financial crisis many homeowners found themselves in. Many people lost their homes to foreclosure due to laxity of the loan officers in approving mortgage loans.
It is the expectation that Daley will resign from his position at JPMorgan & Chase. We can expect him to turn his attention to the financial problems at hand. President Obama made a wise choice as far as the opinions of top leaders from both political parties are concerned. He will be elucidating his views on the major news shows to outline a workable plan to deal with jobs and the national debt. Evelia K. Roskovensky
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