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Thursday, February 05, 2009

Obama, Summers Ignoring Volcker Counsel

According to Paul Volcker, Obama and Larry Summers still have not convened a panel of outside economic advisers that is to be overseen by Paul Volcker. You would think that after appointing Volcker on Nov. 26 and being in a death spiral since then, Obama might want to heed the man's advice by now.

I think the reason is fairly simple - Volcker would likely tell them that they are destroying the country with their insane proposals and smack them upside the head.