Obama Picks Mobbed-Up Wall Street Insider For Powerful Administration Role
President gives another backhander to notorious Daley political machine
Paul Joseph Watson
Tuesday, January 4, 2011
Reports that Barack Obama is considering naming William Daley, a JPMorgan Chase & Co. executive and former U.S. Commerce secretary, to a powerful position within the White House, serve as a reminder that while posing as a squeaky-clean man of the people, Obama is the ultimate establishment lackey.
“President Barack Obama is considering naming William Daley, a JPMorgan Chase & Co. executive and former U.S. Commerce secretary, to a high-level administration post, possibly White House chief of staff, people familiar with the matter said,” reports Bloomberg.
Obama’s imminent appointment of Daley is yet another form of payback to Mayor Daley, William’s brother, after the Mayor gave his support to Obama’s bid for the White House back in 2008.
The infamous Daley political machine can be traced back to Mayor Daley’s father, who himself became Mayor with the aid of the Chicago Mob.
“The negative social, financial and economic impact and influence of the Daley Machine on Chicago politics is well documented, yet both father and son kept getting elected,” writes one blogger. “Is it name recognition, ACORN and union intimidation and thuggery, broken kneecaps, twisted arms, or rigged voting machines that has kept this family in power for almost 50 years?”
William Daley’s ascent from political mentor to Rahm Emanuel, to commerce secretary under Clinton, to Obama campaign advisor, to JP Morgan executive, and now to potential chief of staff, is yet another striking reminder that Obama excels in scratching the backs of Wall Street insiders and mobbed-up cronies.