"OBAMA "HAS HIS DREAM TEAM""(eddiewhere 2008).. I am surprise that no one has used this term. I am sure I will hear it tomorrow. OBAMA HAS SELECTED HIS DREAM TEAM. THIS TEAM HAS ALL STAR CREDENTIALS. EACH OF THEM ARE HALL OF FAMERS. HILLARY, GATES, RAHM.
HOPEFULLY, THIS DREAM TEAM WILL KEEP THEIR EYES ON THE REAL THREAT RUSSIA AND CHINA. These two countries have already launched a very successful CYBER WAR against AMERICA. They are able to spy on our networks and steal our technological secrets and our patented software.
RUSSIA, INDIA AND CHINA ARE THE SUPERPOWERS OF THAT SIDE OF THE WORLD. They are the key to a multinational strategy. Managing these realtionships is like walking a tight rope(eddiewhere 2008). China and India are always at odds and have a delicate relationship to say the least. I know ZaKaria wrote an article on this relationship six months ago. He needs to write another one.
Another situation that needs to be monitored closely is ORGANIZED CRIME IN EASTERN EUROPEAN COUNTRIES, ESPECIALLY when it comes to cyber crime and nuclear weapons. These Eastern European countries are a potential conduit for passing NUKES to terrorists.
These Terrorists will be based in the Five MUSLIM breakaway REpublics in Central ASIA( Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistanan) . They can potentially form an alliance with China, who has a long history of strained relationships with INDIA. To the MUslims India is an enemy and a traitor. Remeber how Hitler rose to power, a depressed economy in EUROPE. THESE REPUBLICS in Central Asia have all the same elements.. Russia and CHina will form an alliance based on their mutual FRICTION with INDIA(WHO IS CHALLENGING TO BE THEY PREMIER SUPERPOWER IN ASIA).
LOOSE NUCLEAR WEAPONS IN THE FORMER SOVIET REPUBLICS IS A BIG PROBLEM BECAUSE ORGANIZED CRIME GROUPS IN EASTERN EUROPE CAN GAIN ACCESS to them and sell them to terrorists.
THE ALLIANCE BETWEEN THE 5 MUSLIM STATES IN CENTRAL , AND CHINA IS A Big Threat.
"OBAMA IS NOW THE WORLD"S FIRST PRESIDENT" eddiwhere 2008.. CAN HE SUCCESSFULLY MANAGE RELATIONSHIPS WITH RUSSIA AND CHINA INORDER TO PREVENT THESE FIVE MUSLIM REPUBLICS FROM SLIPPING DEEPER AND DEEPER INTO ECONOMIC DEPRESSION. ONCE AGAIN REMEMBER HOW HITLER ROSE TO POWER A DEPRESSED ECONOMY IN GERMANY WHO WAS TORCHERED ECONOMICALLY AFTER WORLD WAR ONE BY THE ALLIES RUSSIA, FRANCE AND BRITAIN. RUSSIA IS DOING THE SAME TO ITS FORMER REPUBLICS UKRAINE ect.....
OBAMA IS LIKE THE COACH OF THE DREAM TEAM(BASKETBALL) TRYING TO MAKE SURE THAT HE HAS A PLAN TO MAKE JORDON, BIRD AND MAGIC WORK TOGETHER AS ONE FORCE TO THEIR FULL POTENTIAL. OR LEBRON, KOBY AND PAUL PIERCE. I AM SURE HE CAN AND WILL DO JUST FINE AND AMERICA WILL SOON BE THE ENVY OF THE WORLD AGAIN.
OBAMA HAS HIS DREAM TEAM AND ALL THE TOOLS FOR A MUCH NEEDED GLOBAL STRATEGY.
P.S. REMEMBER BARAK YOUR BLACKBERRY HAS ALREADY BEEN HACKED.
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The Turf Wars Ahead
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Though all of these men are, to differing degrees, centrist Democrats, there is little evidence that they agree on policy. One pleasant myth out there is that all these new players—especially Summers and Rubin—will simply be devoted practitioners of "Rubinomics,"or the idea that fiscal discipline is a panacea. Both clearly do look up to their former boss, who is now keeping a low profile over the near-implosion of Citigroup, which has been his home since he left Washington. After Summers took over as Treasury secretary in 1999, the formerly rough-edged academic gave emotional thanks to Rubin for teaching him how to manage people and crises. "I can't begin to describe how much I have learned" from him, Summers said at his swearing-in. Geithner, who worked as a relatively junior staffer under Rubin, also became his disciple after watching him herd banks into place during the Korea crisis in December 1997. On one critical day, when Seoul had just $4 billion in reserves left and was losing $1 billion a day, Rubin got on the phone from his vacation home in the Caribbean and told every major banking head around the world that they'd better extend their credit—or else. "They all said it was an amazing performance," recalls one former associate of Geithner's. As a crisis manager, Rubin is indeed the model, as well he should be. But in other areas, Rubin's influence is greatly overstated. First, the economic environment is completely different from the early '90s, when Rubin persuaded the Clinton administration of the need to appease the bond market with fiscal discipline. "I think you can throw most of those notions out the door," says the former Fed official. "At that point, interest rates were high, and bringing down the deficit was a way to bring interest rates down. In this case you've got a deflationary specter out there. Interest rates are low and it's actually a problem if they go lower." Summers, in fact, was one of the first economists with Obama's ear to propose a massive fiscal stimulus—the deficit be damned.
And in general both he and Geithner are much leerier of letting markets run free than was Rubin, who made his bones as a Goldman Sachs currency trader. Geithner "is one of the more interventionist people you'll come across in government circles," says the former official. He is known as one of the strongest voices for bailing out Korea and the Mexican peso, as well as intervening in the dollar market when both Rubin and Summers were wary. Summers, for his part, has long been a closet advocate of far greater regulation than Rubin would ever embrace. His old academic work often focused on market imperfections; in the 1980s, he even proposed a transaction tax on short-term trading (at a time when Rubin was doing it for a living).
Summers also became a quiet advocate of the views of liberal Harvard economist Dani Rodrik,-who believes in more measured globalization and tougher market regulation. Another key member of the Obama team, Office of Management and Budget director-designate Peter Orszag, once worked under Rubin as well. But Orszag was mentored before then by Joseph Stiglitz and Alan Blinder, whose work also stresses the government's role in preventing market failure. Even so, long-term fiscal sanity—the essence of Rubinomics—will no doubt be at the back of all their minds once the crisis passes, if only to rescue the dollar from another slide.
So, yes, the Obama economic crew is firmly a team of friends, not rivals. But don't expect them to operate like one for long. And don't hold your breath waiting for the return of Rubinomics.
© 2008
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