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Bill Daley Barely Lasts One Year Under Obama - President To Discuss Live At 3 PM

Tyler Durden's picture




 

Remember when the hiring of former Wall Street insider and JP Morgan career man, Bill Daley, by the Obama administration as its latest Chief of Staff was big news last January? Well so much for that. The LA Times reports that the detente between Obama and Wall Street has reached new levels, with Daley's resignation expected to be announced at 3 pm by the president and is to be replaced by Citi's Jacob Lew, who in turn was the guy who oversaw the bank unit that "shorted the housing market." Well, at least Obama now knows to keep away from the JPM crew, whose Jamie Dimon is not all that happy with the president, if he wishes to avoid looking like not only the Wall Street's patsy, but also the guy who fails at sloppy seconds.

From the LA Times:

William Daley is stepping down as White House chief of staff and budget director Jack Lew is taking over the President Obama’s team as it heads into a tough election year, senior administration officials say.

 

Daley gave his letter of resignation to the president in a private meeting in the Oval Office last week, recounting the administration's successes of his one year on the job and saying it was time for him to return to his hometown of Chicago.

 

Obama plans to announce the change in leadership in a public event Monday afternoon. The official shift will take place at the end of the month, giving Lew time to complete the administration’s budget proposal while Daley leads the team through the crafting of the State of the Union address due in two weeks.

 

The choice of Lew puts a veteran staffer of the White House, Capitol Hill and State Department in a critical position at a difficult time for the president. Obama hopes he can work through tough budget and economic issues with Congress this year despite fierce opposition from Republicans in the GOP-led House. Having a strong team captain who can deal with lawmakers, staffers and business leaders is considered crucial to their strategy.

 

But aides say Obama had faith in Daley to lead that effort, and that he had not been discussing making any changes prior to last week. Daley’s letter took the president by surprise, said three officials familiar with the personnel discussions that followed. They requested anonymity to speak about the internal talks in advance of the public announcement.

The presidential address to explain how Daley has more pressing family obligations can be hear here live at 3pm, with the now customary 45 minute fashionably late delay.

http://www.whitehouse.gov/sites/default/themes/whitehouse/img/facebook_b...) no-repeat; padding-top: 13px; height: 30px; float: left;">JOIN THE LIVE CHAT
 

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Mon, 01/09/2012 - 15:36 | 2047419 GeneMarchbanks
GeneMarchbanks's picture

Chicago... of course.

Clusterfuck nation when you can 'sample' positions like Chief of Staff...

What a complete farce we have here, and now... the re-election begins.

Mon, 01/09/2012 - 15:41 | 2047440 nope-1004
nope-1004's picture

Of course Jamie Dimon is upset.  He is completely incapable of running a free-market corp.  He needs inside info, commodities to manipulate, and leaked info from the gov to make it go.

Jamie Dimon epitomizes the first-class loser.  Only because he is, not because I said so.

 

Mon, 01/09/2012 - 15:51 | 2047472 Hephasteus
Hephasteus's picture

He has exactly what he needs. He has a government that can't even fill out a work order form. So the companies that are leeched onto it fill them out and sell the government a bunch of shit they can't sell to anyone else. Making the government supplied with useless crap. Making it exactly what they need. A place full of useless crap that they can't use any of it to figure out what they need.

Their computers are probably programmed to spit out buy useless crap at the end of every report. They just have a rotation to stand in line to be the most important useless crap supplier right now.

Mon, 01/09/2012 - 15:57 | 2047493 trav7777
trav7777's picture

is it POSSIBLE for this jackass clown NOT to get someone from the fuckin Street to staff ANY position in his administration?

Mon, 01/09/2012 - 16:10 | 2047532 escargot
escargot's picture

Um...no.

Mon, 01/09/2012 - 21:31 | 2048363 nmewn
nmewn's picture

Won't you come home Bill Daley...ROTFL!!!

http://www.youtube.com/watch?v=-376xL4qxiw

Mon, 01/09/2012 - 16:18 | 2047553 Hephasteus
Hephasteus's picture

No he keeps asking for pyschopaths willing to do whatever it takes hold on to power and he keeps getting people that will keep drawing that line. The woa woa woa I ain't going there line. Fuck that.

All he wants from this place is the power to silence or control his enemies.

And if he get's it so damn many people will vacate this planet so fucking fast it'll look like the Stanford University Endownment fund fucking implosion.

Mon, 01/09/2012 - 16:29 | 2047577 Stax Edwards
Stax Edwards's picture

old news removed

Mon, 01/09/2012 - 16:41 | 2047614 The Big Ching-aso
The Big Ching-aso's picture

 

 

Daley must be getting a more lucrative offer from Romney.

Mon, 01/09/2012 - 18:33 | 2047914 Crummy
Crummy's picture

Romney? Not likely, but his departure is probably either the result of a more lucrative opportunity, his past dealings catching up with him, or flat out incompetence. The guy could barely manage a couple rental properties in Bridgeport let alone a presidential chief of staff position.

 

 

 

 

Mon, 01/09/2012 - 19:57 | 2048133 Rainman
Rainman's picture

Or maybe he just had enough of Chele's shit...like the others. Go now,... count fiat back in Chi Town with Rahm while the party lasts. Reasonable.

Mon, 01/09/2012 - 20:33 | 2048234 Jay Gould Esq.
Jay Gould Esq.'s picture

Crummy -- "One Hour Photo." Frankly, Williams' best performance.

Mon, 01/09/2012 - 21:15 | 2048314 Ropingdown
Ropingdown's picture

He passed the one year mark.  Was Daley granted the capital gains tax exemption on his JPM stock when he took the high-level government position? Does anybody know?  Granted the job was not strictly a senior financial position, but that may be a distinction that was blurred.

Mon, 01/09/2012 - 23:50 | 2048943 jeff montanye
jeff montanye's picture

well said.  g.w. bush: mistakes were made; obama: distinctions were blurred.

Mon, 01/09/2012 - 16:37 | 2047601 FreudianSlip
FreudianSlip's picture

Where can I buy Obama derivatives? 

Really.

There is a genuine market here.  If he can steal my money I should be able to short him.

 

 

Mon, 01/09/2012 - 16:42 | 2047618 NotApplicable
Mon, 01/09/2012 - 22:20 | 2048490 Dburn
Dburn's picture

How do I get on that list. Snort

Mon, 01/09/2012 - 15:41 | 2047442 ihedgemyhedges
ihedgemyhedges's picture

Daley is returning to Chicago for one reason only: that legislature knows how to pass a tax increase and he figures there is a lot of money sloshing around now that he can get his hands on.............DC is too locked up with all those crybaby "cut spending/cut taxes" tea partiers around...........

Mon, 01/09/2012 - 15:50 | 2047471 orangedrinkandchips
orangedrinkandchips's picture

Chicago, yes. A local (and I abhor to admit that since it's hell on earth....literally).

 

the HNIC will not get a 2nd term...NOT A SNOWBALLS CHANCE IN SOUTH FLORIDA....NO WAY....NO HOW......I WILL BET MY LIFE THE HNIC WILL BE OUT THIS TIME NEXT YEAR....GUARRRRNNNNTEEEEED.....

Mon, 01/09/2012 - 15:56 | 2047490 JPM Hater001
JPM Hater001's picture

I'LL TAKE THAT BET!

I think he will be gone too but inauguration is a bit later in January so this time next year he will still be the POTUS but he will be working on his memior entitled: "See, they still hate the black man."

Mon, 01/09/2012 - 16:08 | 2047526 orangedrinkandchips
orangedrinkandchips's picture

yup...you got me...whats a few weeks for a fucking loser like him? Not to pick on "the black man" since he is as worthless as the next mother fucker.....I'd rather have the head of the Bloods or Cryps to head this country rather than him....

 

Must admit...it's getting good...the Mayans may not be right about the end of the world but THAT IS RELATIVE. END OF THE WORLD AS WE KNOW IT....

Something has to give.....

Mon, 01/09/2012 - 16:48 | 2047633 karzai_luver
karzai_luver's picture

Nevah , I say NEVAH misunderestimate the ignorance of the "people/voters".

If a clown like him couild get elected once then there is no reason to think it can't happen again.

He still has a couple of terrorists he could knock off for a little Oct surprise.

 

Mon, 01/09/2012 - 17:23 | 2047744 CuriousPasserby
CuriousPasserby's picture

Or how could the people vote out a president in the middle of a war with Iran? 

Mon, 01/09/2012 - 16:06 | 2047523 papaswamp
papaswamp's picture

The GOP doesn't have anyone dynamic and different enough from Obama to motivate the indies to vote for. Romney is too similar to Obama, so they will stick with a known person vs unknown...even if they don't like Obama. Gingrich has wayyyy too much baggage hopping from wife to wife, he looses the female vote big time. Paul will never get the nomination because the GOP won't allow it. He is too radical for them...even if his economic ideas are correct. Santorum is too far right to pull independents....the rest are so non-motivational they would get decimated.

Unless the economy tanks (which it may) soon...though I think the Fed would immediately QE3-4 in a heart beat to keep that from happening...or a Black Swan event comes along that shows pure incompetence on Obama's part (enough that even couch potatoes get it)...we will see 4 more years. I think people will stick with familiar. 

Mon, 01/09/2012 - 16:54 | 2047656 waterhorse
waterhorse's picture

I really don't care that he has baggage and went wife-hopping; the career politicians probably all do, until caught with a hand in the cookie jar.  Its the saccharine "born again" hypocrisy and wanting to force Taliban-like crazier-than-catshit evangelical 'values' on the population that turns me off.

Mon, 01/09/2012 - 17:23 | 2047745 pine_marten
pine_marten's picture

Well, somehow the "familiar" became "creepy" so it is a no win all round.

Mon, 01/09/2012 - 21:35 | 2048375 Calmyourself
Calmyourself's picture

I see what you did there but you missed one important point.  Most folks with two functioning neurons would vote for OBAMA'S FUCKING DOG FOR POTUS BEFORE HIM..

Mon, 01/09/2012 - 22:16 | 2048483 Dburn
Dburn's picture

.or a Black Swan event comes along that shows pure incompetence on Obama's part (enough that even couch potatoes get it)

 

 

Cable goes dark.

Mon, 01/09/2012 - 23:03 | 2048729 Chuck Walla
Chuck Walla's picture

I'll vote for Satan over Obama. Better the REAL devil you know...

Tue, 01/10/2012 - 06:30 | 2049553 francis_the_won...
francis_the_wonder_hamster's picture

So here's my $million question:

Which is worse, 4 more years of Obama or the chance of 8 years of Romney?

I'm dead serious. 

Of course, I really don't see the ponzi lasting long enough for either scenario....but still?

Mon, 01/09/2012 - 16:07 | 2047524 tarsubil
tarsubil's picture

What an elaborate illusion our government is.

Mon, 01/09/2012 - 17:02 | 2047685 NotApplicable
NotApplicable's picture

You mean your government. Some of us know better.

Mon, 01/09/2012 - 17:42 | 2047803 pine_marten
pine_marten's picture

It is a collection of the very clever and most ruthless monkeys.  A "borg" like fellowship of monsters.  They play their parts naturally.

Mon, 01/09/2012 - 16:25 | 2047567 Gully Foyle
Gully Foyle's picture

Jesus none of you fucks get it. These assholes have a little over a year until Mittens is sworn in. They don't want to scramble last minute for jobs, they don't want to play  musical chairs with a last man standing all alone to take the heat.

Mon, 01/09/2012 - 16:30 | 2047582 Chuck Walla
Chuck Walla's picture

A Daley finally found someone so scary corrupt, even the Daley's couldn't abide it. you would think Richie, Billy, and the Illinois Combine would stand in awe.  Apparently, some of them are repulsed. I did not think that it was possible to shame the devil.

Mon, 01/09/2012 - 16:50 | 2047642 karzai_luver
karzai_luver's picture

Gotta be a real grind being the right hand of GOD and all that .........................

Mon, 01/09/2012 - 15:36 | 2047428 TruthInSunshine
TruthInSunshine's picture

Jamie Dimon is just a lieutenant of the Red Shield. But it's true that he pulls rank on Obama, or whatever TOTUS that is filling the seat.

 

Well, at least Obama now knows to keep away from the JPM crew, whose Jamie Dimon is not all that happy with the president, if he wishes to avoid looking like not only the Wall Street's patsy, but also the guy who fails at sloppy seconds.

Mon, 01/09/2012 - 15:40 | 2047433 GeneMarchbanks
GeneMarchbanks's picture

Mitt R_Money is now fully engaged with the Morgue I'm certain.

Mon, 01/09/2012 - 15:43 | 2047446 TruthInSunshine
TruthInSunshine's picture

Can anyone here truly imagine what a force our nation could be if we were only allowed to create & utilize our own (real) currency, interest free?

"When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes... Money has no motherland; financiers are without patriotism and without decency; their sole object is gain."

- Napoleon Bonaparte, 1815

Mon, 01/09/2012 - 15:59 | 2047462 GeneMarchbanks
GeneMarchbanks's picture

'Imagine' being the key word when seventy percent of people are more worried about what homosexuals are doing with their erections that's all you're left to do: imagine.

Cue Beatles(the music of economic expansion)

* And now your regularly scheduled mouthgarbage by your nonsense peddler in chief... [sigh]

Mon, 01/09/2012 - 21:38 | 2048387 Calmyourself
Calmyourself's picture

See that is where your wrong the media keeps you "pumped up" thinking we all care about your teeny piny, trust me 99% of us dont give a shit what you do with it pal..  Keep it away from children and my family and you can do whatever the hell you like..  But the media ask candidates about outlawing condoms cuz that is really important and of course it keeps you inflamed..

Mon, 01/09/2012 - 17:36 | 2047786 pods
pods's picture

Just think how much labor has been stolen through inflation over the last 100 years or so?

Now you know why in every major city the biggest, shiniest buildings are banks!

pods

Mon, 01/09/2012 - 17:48 | 2047824 toomanyfakecons...
toomanyfakeconservatives's picture

Andrew Jackson-Napoleon Bonaparte 2012

 

That's the ticket!!!

Mon, 01/09/2012 - 16:52 | 2047651 karzai_luver
karzai_luver's picture

MO MONEY MITT will take the corruption and graft to another level which is why he is still with a shot.

Obam is just evil, Mo MONEY is beyond evil ..............

He has the look of a dude that wishes to push the big button.

 

Mon, 01/09/2012 - 15:39 | 2047434 The Axe
The Axe's picture

Maybe he told Pres. Obama to short NFLX....holy shit   Whitney is off the mat...baby..

Mon, 01/09/2012 - 16:34 | 2047594 orangedrinkandchips
orangedrinkandchips's picture

Axe...

 

Indeed he is up and running....you check out those huge gaps? one goes up to 225 the other one is going to be filled this week at 120.....

 

That is one thing that is pretty darn sure...gaps get filled.....squeeeze it up.

 

BAC is another worthless squeeze too.....too many shorts....like turning on the gas of a grill....taking a shower and then lighting it....(eyebrows WILL grow back lol...)

Mon, 01/09/2012 - 15:39 | 2047436 Buckaroo Banzai
Buckaroo Banzai's picture

The Ulsterman Report's "White House Insider" called this one quite a while ago. He says that Daley was brought in by the people that put Obama in power in order to reassert control of the Obama white house. Despite coming from Chicago, Daley is not part of Obama's Chicago mafia. Daley leaving so soon implies that Obama is one step closer to being thrown overboard by the PTB, most likely in favor of Romney. Search Ulsterman's archives for the "White House Insider". Good stuff.

http://theulstermanreport.com/

Mon, 01/09/2012 - 16:01 | 2047509 trillion_dollar...
trillion_dollar_deficit's picture

Ive been following Ulsterman's WHI for a good 16 months now. Damn good stuff.  

Mon, 01/09/2012 - 17:04 | 2047657 NotApplicable
NotApplicable's picture

WHI guy seems like another false hope story in order to generate interest in the election. Why? Because there's no way the plan to destroy everything needs Obummer to work. To insinuate that one of the stooges on the stage today would stop it, is beyond belief. He identifies the Fed's destructive nature as the most important idea in the upcoming election, yet offers not a single hint as to how Obummer's defeat accomplishes anything.

Better yet? His "voting for the first time, ever" mea culpa. Really, can this get any cornier?

Also, why does Ulsterman refer to the Dees illustration as an attempt to label Dr. Paul as an anti-Semite? Anyone who is familiar with Dees work (or that can see the Z in the Star of David) would recognize it's an attempt to label the Fed as a Zionist org which is attempting to discredit Dr. Paul.

All in all, I have a hard time believing that either of these people are operating at face-value, as there's just too many holes in their characters.

(edit: ok, I get it now. I read some more of the older stuff, and see that WHI is one of the draft-Hillary politicos "securing a primary challenger.")

Mon, 01/09/2012 - 17:46 | 2047815 Buckaroo Banzai
Buckaroo Banzai's picture

Don't confuse his two sources-- "Wall Street Insider" and "White House Insider". "Wall Street Insider" is a relatively new source, and has a different perspective than "White House Insider". Even though the two "Insiders" are acquainted, they don't agree on everything, and have entirely different backgrounds.

Mon, 01/09/2012 - 17:50 | 2047826 Buckaroo Banzai
Buckaroo Banzai's picture

Also, if you read the archives, how did you get that WHI is trying to draft Hillary? Maybe it's been awhile since I read his older stuff, but I don't remember him putting any faith in Hillary. In fact, WHI is quite openly rooting for a Republican to beat Obama, even though he is a longtime Democratic operative, and worked on the Obama campaign the first time around. He is that terrified of a 2nd Obama term.

Mon, 01/09/2012 - 21:29 | 2048356 SK8boarder
SK8boarder's picture

Speaking of insider, why does that clown Charlie Gaspereno claim to have all this inside info.. He always report after the fact then claim he knew it all along.. He was saying today how he knew this was going to happen, I'm like WTF the news had been out for a good hour before is breaking news,, Are they that desperate for ratings, If they want ratings just call Tyler in prime time one time,, They all read the Hedge anyway, just let thay Cat out of the Bag ALREADY

Mon, 01/09/2012 - 15:40 | 2047439 NOTW777
NOTW777's picture

theres an MF global waiting for daley

Mon, 01/09/2012 - 15:41 | 2047443 SheepDog-One
SheepDog-One's picture

The Banana States of America. Nothing but 1 big joke.

Mon, 01/09/2012 - 15:57 | 2047497 orangedrinkandchips
orangedrinkandchips's picture

Sheep-dog...yes.....BUT....It is getting SO OBVIOUS that something is going to give....

 

Reminds me of a Depeche Mode concert in the mid 80s......never ever forget

"SOMEBODY" was a hit song (dating myself, but who cares...lol)....ANYWAY....The blond drummer was singing it and he got a weeeee bit too close to the fans....well....one fan reached up and grabbed his arm YET THE SONG, THE MUSIC ETC. NEVER SKIPPED A BEAT...LIP SYNC CITY......

Bunch of noise from the audience but just like now.....FAKER THAN A TWINKIE......UNSUSTAINABLE.

 

that is the beauty of it....

Mon, 01/09/2012 - 16:28 | 2047576 Gully Foyle
Gully Foyle's picture

orangedrinkandchips

Dude that was Milli Vanilli. Sometime sll the dope and booze blurs my memory too.

Mon, 01/09/2012 - 16:51 | 2047647 DaveyJones
DaveyJones's picture

one of my favorite diners used to post all the bounced checks on a board right when you walked in. They called it the Milli Vanilli Award  

Mon, 01/09/2012 - 15:45 | 2047454 brown_hornet
brown_hornet's picture

One less Chitown banksta gangsta.

Mon, 01/09/2012 - 15:45 | 2047456 lolmao500
lolmao500's picture

What about Obama nominates Tyler Durden?

Tue, 01/10/2012 - 03:55 | 2049447 Shineola
Shineola's picture

Rhymes with........

Mon, 01/09/2012 - 15:46 | 2047461 Caviar Emptor
Caviar Emptor's picture

What this country needs is a good robber baron 

Mon, 01/09/2012 - 16:32 | 2047589 Gully Foyle
Gully Foyle's picture

Caviar Emptor

Durant: Is it a villain you want? I'll play the part. After all, what is a drama without a villain? What is the building of this grand road if not a drama? This business is not for the faint of heart. It is a thorny, brutal affair that rewards the lion for his ferocity. But what of the zebra? What of the poor zebra? Well, the zebra's eaten, as the zebra should be. Make no mistake, blood will be spilled, lives will be lost, fortunes will be made. There will be patrail and scandals, and perfidy of epic proportions, but the lion - shall - prevail! You see, the secret I know is this. All of history is driven by the lion. We drag the poor zebra, kicking and braying, staining the earth with its cheap blood. History doesn't remember us fondly, but then history is written by the zebra for the zebra. One hundred years hence, when this railroad spans the continent, and America rises to be the greatest power the world has seen, I will be remembered as a caitiff, a malefactor, a lone wolf who operated out of greed for pure personal gain. All true, all true, but remember this: without me and men like me, your glorious railroad would never be built.

Mon, 01/09/2012 - 17:45 | 2047809 toomanyfakecons...
toomanyfakeconservatives's picture

I'd settle for a benevolent dictator right about now...

Mon, 01/09/2012 - 18:04 | 2047864 pine_marten
pine_marten's picture

Man, if that aint the truth.

Mon, 01/09/2012 - 20:23 | 2048212 disabledvet
disabledvet's picture

You've already got him: his name is General David Petraeus--and he has sent the Happy Mind Martians your way just to say "he likes you too."

Mon, 01/09/2012 - 15:47 | 2047463 Soda Popinski
Soda Popinski's picture

Im sure President Barry S. fired him after his JPM crew wasn't able to knock silver down below $20.  Time to find another job where Daley can commit blatant fraud.

Mon, 01/09/2012 - 15:50 | 2047466 Manipulism
Manipulism's picture

Hildebrand is out.

Resigned.

Whats wrong with ZH?

No coverage?

Mon, 01/09/2012 - 15:57 | 2047495 Tyler Durden
Mon, 01/09/2012 - 16:01 | 2047508 orangedrinkandchips
orangedrinkandchips's picture

ZH missing a beat? cmon....gimme a break....ZH misses nothing!!!

 

rock on T!!!!

Mon, 01/09/2012 - 16:08 | 2047528 Manipulism
Manipulism's picture

Sorry my fault.

I am too slow for you:-)

Mon, 01/09/2012 - 16:40 | 2047608 SillySalesmanQu...
SillySalesmanQuestion's picture

Ready...take aim... Fire!

Mon, 01/09/2012 - 19:49 | 2048105 krispkritter
krispkritter's picture

Fire...Ready!...Aim...

Mon, 01/09/2012 - 16:09 | 2047529 KCMLO
KCMLO's picture

Ohhhhh Snap!

Mon, 01/09/2012 - 16:01 | 2047504 NotApplicable
NotApplicable's picture

You need to get up earlier, or at least try the "next" link at the bottom before blaming others. ;-)

(btw, I didn't downvote you (edit: but I see who possibly did.))

 

Mon, 01/09/2012 - 16:01 | 2047507 Problem Is
Problem Is's picture

That must be "Sarcastic" Tyler... My favorite of the Tylers...

Mon, 01/09/2012 - 16:03 | 2047515 orangedrinkandchips
orangedrinkandchips's picture

problem is...

 

funny...i like that guy/gal too....I cant tell one from the other...they are all so funny and salty!!! for sure it's more than 1- as talented as he(they) are it takes a great team.....but epitome of talented.....for sure....

Mon, 01/09/2012 - 16:05 | 2047519 NotApplicable
NotApplicable's picture

Well, somebody's gotta police these threads.

Mon, 01/09/2012 - 16:02 | 2047512 fuu
Mon, 01/09/2012 - 15:49 | 2047467 lizzy36
lizzy36's picture

Awesome.

Turn over the running of the WH to the dude who presided over $4.5T in budget deficits.

Mon, 01/09/2012 - 15:50 | 2047470 SheepDog-One
SheepDog-One's picture

In other news the DOW is up a comfortable +50, negating any need for the much begged-for 'QE3' for yet another trading session. 

 

Mon, 01/09/2012 - 15:54 | 2047480 Caviar Emptor
Caviar Emptor's picture

It's anticipating a moderate prosperity. V-shaped. 

Mon, 01/09/2012 - 15:50 | 2047473 whoopsing
whoopsing's picture

Wikipedia beat you to the punch on this one Tyler...(I can't seem to post the link to his bio though) ...strange

Mon, 01/09/2012 - 15:51 | 2047474 NOTW777
NOTW777's picture

so now corzine is available

 

Mon, 01/09/2012 - 15:59 | 2047501 Problem Is
Problem Is's picture

I wish there was a +5 button... nice one...

Tue, 01/10/2012 - 04:01 | 2049451 Shineola
Shineola's picture

FINE! Can we just get on with it and attack Iran now?

Mon, 01/09/2012 - 15:55 | 2047483 Caviar Emptor
Caviar Emptor's picture

I dont know about you guys, but I wouldn't be happy without a vetted banker as chief of staff

Mon, 01/09/2012 - 16:07 | 2047525 NotApplicable
NotApplicable's picture

With a Harvard and Georgetown education at that. Or are those the minimum qualifications for those not coming from GS?

Mon, 01/09/2012 - 16:09 | 2047531 papaswamp
papaswamp's picture

He was COO for Citi's Alternative Investment section in 2006...I'd say the banksters still have their WH connection.

Mon, 01/09/2012 - 15:56 | 2047492 Shizzmoney
Shizzmoney's picture

Obama's advisors probably forced this guy out.  It would be a nightmare during the election to have a JPMorgan guy with his name to have to explain that to the American people.

It's funny he replaced him with a Citi guy haha

Mon, 01/09/2012 - 15:58 | 2047499 Problem Is
Problem Is's picture

With Barry Soetoro travelling around the country raising bribe money from now until November...

Who would want to sit around the White House and stare at Valerie "Bitch-O-Matic" Jarrett all day?

Mon, 01/09/2012 - 16:05 | 2047521 SokPOTUS
SokPOTUS's picture

Daley was brought in to clean up the mess made by Jarrett; that Rahm Emanuel threw the towel in on.

Yet another tried-and-true high-powered "D" insider WH Chief of Staff can’t get along with President Valerie Jarrett?

Methinks Obama keeps chasing out the wrong person.  He might actually stand a chance of re-election if he let go of the Jarrett talisman...

 

Mon, 01/09/2012 - 16:13 | 2047541 NotApplicable
NotApplicable's picture

Why do you act as if his decisions have any effect on his electability? I thought that issue was settled back when the "progressive" Dems put all of their grass-root supporters in "free-speech cages" blocks away from their convention. (which I thought was hilariously awesome that they "accepted")

Problem is, they (and nearly all of the rest) have no alternative when "their" side "runs to the middle." Polarity politics, ftw!

Mon, 01/09/2012 - 16:20 | 2047557 SokPOTUS
SokPOTUS's picture

You *do* have a point, there...

Mon, 01/09/2012 - 16:30 | 2047583 august west
august west's picture

re the "free speech cages", i forgot about that. thanks for the reminder!

i remember taibbi doing a piece on those on Bill Maher.

as such, tried to look up taibbi's article, "the obama sellout" on rolling stone and note that it has been removed.

surprise, surprise

Mon, 01/09/2012 - 17:48 | 2047823 Widowmaker
Widowmaker's picture

You got that right.  Jarrett is a fucking cunt that taxpayers pay for again and again.  She is the white trash in the white house.

Despicable Michelle is HER bitch, otherwise she'd be gone. 

May she get hit by a bus multiple times.

Mon, 01/09/2012 - 19:43 | 2048082 smiler03
smiler03's picture

May she get hit by a bus multiple times.

Preferably by this one :O)

http://loades.net/megabusblog/images/uploads/fucker_bus.jpg

Mon, 01/09/2012 - 21:42 | 2048399 Calmyourself
Calmyourself's picture

Ahem, white trash?

Mon, 01/09/2012 - 16:00 | 2047503 tony bonn
tony bonn's picture

i'll trade this bankster for that one...can we celebrate a new round of bonuses and backstops?

it looks like the plutocrats are keeping barry on a tight leash...

Mon, 01/09/2012 - 16:22 | 2047562 HarryM
HarryM's picture

Is this the "Change " we voted for?

 

Meanwhile sitting around watching my fingernails grow

Mon, 01/09/2012 - 16:26 | 2047571 vast-dom
vast-dom's picture

sloppy seconds on sloppy seconds.......oh well......and we thought we were dealing with something clean like the cleanest dirty whore?

Mon, 01/09/2012 - 16:27 | 2047573 mr1963
mr1963's picture

Budget director? Has Obalmer submitted a budget I'm unaware of or is this his 3rd straight year without one (not counting the one he sent in and asked for back a week later)? If there's no budget, how's there a "Budget Director" and how does someone who didn't do their job 3 years running get a promotion?

Mon, 01/09/2012 - 16:32 | 2047587 august west
august west's picture

what a cuntry

Mon, 01/09/2012 - 16:57 | 2047665 wonderatitall
wonderatitall's picture

yeah! well you are a raaaaaaaacist. thats all i have. until the ministry of truth and  penal institutions gives us democrats another.  anyway we don neeed no stinkin budget.

time for another vacation.

 

Mon, 01/09/2012 - 21:31 | 2048365 Calmyourself
Calmyourself's picture

Last budget the White House submitted to the Senate under Jack Lew was voted down 97-0...  So yeah that got that going for em..

http://www.weeklystandard.com/blogs/new-chief-staff-former-hedge-fund-exec-citigroup-made-money-mortgage-defaults_616230.html

Mon, 01/09/2012 - 23:56 | 2048969 SoCalBusted
SoCalBusted's picture

Things are kinda slow these days in the Budget Directing Dept.

Mon, 01/09/2012 - 16:49 | 2047641 Quinvarius
Quinvarius's picture

I would think that any banker worth a crap would actually understand the harsh economic reality which is driving everything and not want to be tainted by it.  We have 2 simple endgames.  The big refi and inflation.  Or the big depression and revolution. 

Choice 3 is pumping the gold price up until we can back our debt with an asset.  That kind of depends on the US actually having any gold.  As it is the simple solution, and the solution not taken, I suspect we have no gold and are truly in a world of shit.

Mon, 01/09/2012 - 16:50 | 2047644 loveyajimbo
loveyajimbo's picture

Jamie should keep his fat mouth shut... any honest President/AG combo would have him in Sing Sing for 50 years, that crooked asshole...  bring in Bill Black, he has some sack...

Mon, 01/09/2012 - 17:07 | 2047703 NotApplicable
NotApplicable's picture

In other words, Jamie's got it made in the shade.

Mon, 01/09/2012 - 17:06 | 2047700 Questan1913
Questan1913's picture

Chief of staff is the most powerful position in the White House.  That position controls who POTUS sees and WHAT he sees, and it is now under the complete contol of the Bank Cartel/Wall Street/Primary Dealers, as is Treasury.  POTUS is a transparent sham office and no power resides there.  It is at the level of distraction a pickpocet employs when picking someones pocket and is mainly useful in acting as a lightning rod for criiicism  that rightly should be directed at the corrupt financial elite.  Any one focused on the President, who in reality is just a sham president in name only, is living in fantasyland.  Of course it's not their fault, they are just victims of a gigantic campaign of disinformation reinforced 24/7 by the lie stream media.  So the new chief of staff is from Citti?  Yes, Indeed!  And the next one will be from Goldman Sachs and the one after that........

Mon, 01/09/2012 - 17:41 | 2047802 toomanyfakecons...
toomanyfakeconservatives's picture

My sentiments precisely...

Mon, 01/09/2012 - 17:29 | 2047712 steelrules
steelrules's picture

Lets hope Daley leaving is the start of a trend that bars bankers from contact with government officials. LMAO

 

And speaking of Wall Street bankers here's a little clip on Mitt  http://www.youtube.com/watch?v=YtV7vKDbU3A

Mon, 01/09/2012 - 17:37 | 2047792 non_anon
non_anon's picture

are the rats waking up?

Mon, 01/09/2012 - 20:07 | 2048172 Alpha Monkey
Alpha Monkey's picture

I think it's that sheep are.  JPM seems to be featured a lot  in the alternative media, citi, not so much.  They are the same.

Mon, 01/09/2012 - 17:42 | 2047805 roadhazard
roadhazard's picture

I laff at anyone who thinks changing Presidents will make ten cents worth of difference. It's all the same people except for Ron Paul who will not be nominated.

Mon, 01/09/2012 - 19:16 | 2048014 Tailwind
Tailwind's picture

My best guess is Dailey's departure is a bit more mundane than most would imagine.  There was some grapevine chatter a few months ago about Daley knocking heads with Valerie 'Ferret' => which means Mooch ddin't take kindly to him either. So you got two of the biggest bitches in the world doggin' your ass all day. Would you stay? Me either. The really scary thing is those two PMS'ng numbnuts actually have sway over some important issues. Geez...no wonder the entire place is getting boned.

Mon, 01/09/2012 - 20:00 | 2048146 ejhickey
ejhickey's picture

Guess he finished helping all his cronies.  His work is done.

Mon, 01/09/2012 - 20:25 | 2048216 williambanzai7
williambanzai7's picture

He can't run his White House without an ex Banker as his COS.

Why doesn't he hire Blankfein? It would make my task easier.

Mon, 01/09/2012 - 21:22 | 2048336 non_anon
non_anon's picture

why not John Corzine, he's looking for another gig

Mon, 01/09/2012 - 21:29 | 2048355 Calmyourself
Calmyourself's picture

"Them white Irish Catholics they da' devil, now get me some ho,ho's barack, you little bitch"

As relayed by Jodi Kantor in her new book,  The Obama's

http://blogs.suntimes.com/sweet/2012/01/michelle_obama_distressed_abou.html

Wed, 01/11/2012 - 00:19 | 2053324 tyrone
tyrone's picture

"Obama hopes he can work through tough budget and economic issues with Congress this year...."

Whaaa???  He hasn't delivered a single budget to congress yet.  Not in 3 1/2 years has he shown the ability or desire to compose anything coherent.  So what makes the man think he is going to work through anything with the skeleton staff he has left?  utter fantasy or pure BS.. take your choice

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