[lbo-talk] Obama picks Rahm Emanuel, free trade fanatic & welfare "reformer"

Doug Henwood dhenwood at panix.com
Wed Nov 5 17:18:58 PST 2008


On Nov 5, 2008, at 8:00 PM, B. wrote:


> How about JP Morgan Chase CEO on tap as Treasury Sec'y?
>
>
> http://money.cnn.com/galleries/2008/fortune/0806/gallery.obamas_advisors.fortune/3.html
>
>
> Did FDR have a banking CEO in comparable position?

No, but his first Treasury Secretary was a Republican businessman. His second, Morgenthau, was born into a real estate family and was orthodox on economic matters, though he largely did what FDR told him to.

Doug



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