January 31, 2008
Reagan's Fed Chair Endorses Obama
Paul A. Volcker, chairman of the Federal Reserve from 1979-1987, has endorsed Barack Obama. Volcker was initially appointed to the Fed by Jimmy Carter, but he was reappointed by Ronald Reagan in 1983.
From the WSJ:
“After 30 years in government, serving under five Presidents of both parties and chairing two non-partisan commissions on the Public Service, I have been reluctant to engage in political campaigns. The time has come to overcome that reluctance,” Volcker, a Democrat, said in a statement today. “However, it is not the current turmoil in markets or the economic uncertainties that have impelled my decision. Rather, it is the breadth and depth of challenges that face our nation at home and abroad. Those challenges demand a new leadership and a fresh approach.”
Posted at 03:19 PM
Comments
“However, it is not the current turmoil in markets or the economic uncertainties that have impelled my decision. Rather, it is the breadth and depth of challenges that face our nation at home and abroad. Those challenges demand a new leadership and a fresh approach.”
Funny thing, back in 1932, Paul Volcker could have easily used the same words while endorsing Adolf Hitler.
Paul Volcker obviously suffers from a bad case of "Camelotitis." Unfortunately, Volcker conveniently forgets to remember that...
"Camelot...didn't turn out so hot."
MarkJ | 01.31.08 07:47 PM
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