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New chief of staff for Obama on the horizon??

Possible chief of staff....William Daley

President Barack Obama is considering a move to bring William Daley on board as chief of staff. Daley is an executive with JP Morgan Chase, and also is the former US Commerce Secretary under President Clinton. Daley is also the son of late Chicago Mayor Richard Daley.

This would be another very smart move, especially given the fact that Obama will soon have to deal with a Republican controlled house. According to the CNN political ticker, Daley is just what Obama needs given the political environment:

A Democratic source compared Daley to James Baker and said “he’d be the perfect ‘campaign’ chief of staff” because he’s a shrewd player and can run the White House while keeping an eye on the president’s 2012 prospects. Some of Daley’s other assets include his good relationships with the GOP as well as the business community

Another reason this would be a good move is that it would help to combat the impression that the Obama administration is “anti-business”. Many corporate executives and business leaders have been at odds with some of the administrations policies, which may also be a reason some of them are sitting on massive profits and not hiring. A Daley appointment would be a good sign to the business community that the administration is ready to repair the relationship they have with many in the business community, and do all they can to put americans back to work. This move would actually continue some of the moves Obama has made of late in regards to business, as Pat Dollard notes:

Still, Obama is generating more optimism among corporate executives after a series of actions and overtures, including a deal to extend tax cuts enacted in 2001 and 2003, efforts to boost exports such as a U.S.-South Korea free-trade agreement, and a loosening of controls on some technology sales.

Interim chief of staff Pete Rouse has let it be known that he would rather not stay on in this position until the end of the first term, so finding a permanent replacement is essential. We will see what happens.

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4 responses

  1. Marv

    Wow this is a really interesting thought. You are absolutely right, but I do wonder what kind of effect this would have on his re-election? Would this continue to make him popular amongst people are not advocates of business? Great power move by Obama though. I heard rumors. Keep up the great blogs!

    January 4, 2011 at 3:53 am

  2. I must say I disagree with you on this point.

    As you claim, one of the most propagated mainstream media messages surrounding Daley is that he will bring “strong business ties” to the Obama administration. He is a man that has a “good” relationship with both the GOP and the business community.

    To begin, I entirely disagree with the notion that the Obama administration is “anti-business”. This is a President who has presided over the biggest corporate bailouts in the history of mankind, who received more financial donations from corporations than any other candidate, and whose administration has seen a record number of aides leaving to fill chair positions at banks.

    Those bailed-out firms  have continued to make record profits while the people of Main street see their money withered away and handed out to any business that can justify a bailout.

    The selection of William Daley, a Chicago business insider, shows that the Obama administration is too close to business, not hostile to it. This man has profited immensely from the revolving door of government, serving as a both bank executive and commerce secretary of the United States. His position will allow him to funnel more exclusive bailout guarantees and beneficial legislation to his friends on Wall Street, something that should be stopped by both parties. The Obama administration is the Clinton administration in new clothes, with the same characters and the same policies enacted over and over. Instead of looking to equalize wealth, as the Fox News conservatives claim, Obama has succeeded in  allowing the banks to take a hold of the United States Treasury and the Federal Reserve, far beyond the original wishes of his progressive and liberal supporters who brought him to power.

    The reality is not that Obama is a “socialist”, but rather that he is a corporatist.

    January 4, 2011 at 6:07 am

    • I didnt say that I agreed completely with the rap that Obama is “anti-business. You have made some good points to dispel that notion. I agree with most of the legislation Obama has passed(Wallstreet reform, Healthcare, etc), but the fact is that many businesses can also reasonably aruge that these pieces of legislation only further provide instablitiy to the economy/put them at a competitive disadvantage compared with companies in other countries…and therefore will not re-hire until the deem Americas economic course is more stable.

      I disagree with the millions of dollars that were used to fund attack ads against Democrats. A lot of the money which came from the Chamber and other outside groups that were funded by corporations, was infused into the system for a reason. Had companies, corporations and others been pleased with Obama’s stance on economic/business issues, do you think they would have attacked Dems with the ferocity that they did??

      With that being said….I dont think Obama is as anti-business as he is portrayed, but at the same time, the barrage of ads against the President and other Democrats is not for nothing, and though I dont expect the president to meet business half way……..he can at least move a little closer to some sort of mutual aggreement so we can get them comfortable enough to hire again.

      January 5, 2011 at 9:07 pm

  3. As for the attack ads against Democrats, it is clear that the companies favored the Republicans for one simple reason: they knew they were going to have massive gains. They did the smart thing and invested their money where they knew it would do some good.

    Goldman Sachs did the same thing when they donated millions more to Obama in 2008.

    These companies know how to play the game.

    January 5, 2011 at 10:48 pm

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