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Obama Economic Adviser Draws Fire On Left
June 10, 2008 6:10 PM
ABC News' Teddy Davis, James Gerber, and Gregory Wallace Report: Sen. Barack Obama, D-Ill., underscored his affinity with Democratic centrists this week when he tapped Jason Furman, who worked closely with former Treasury Secretary Robert Rubin, to be his director of economic policy.
But the selection is now drawing criticism from some on the left who are wondering if the presumptive Democratic nominee will challenge corporate power and make good on his promise to renegotiate the North American Free Trade Agreement (NAFTA).
"When people see someone like Barack Obama promise change and then see that same person make their first move the hiring of a Wall Street economic team, that’s what sows disengagement and cynicism in the public,” said David Sirota, a one-time backer of former Sen. John Edwards, D-N.C., who is the author of “The Uprising: An Unauthorized Tour of the Populist Revolt Scaring Wall Street and Washington."
Furman comes to the Obama campaign from the Brookings Institution where he headed the Hamilton Project, an economic policy research group which was founded by Rubin. Furman is the author of a Center for American Progress report which argues that some efforts to pressure Wal-Mart have ended up undermining low-income consumers. He also has backed a reduction in the corporate tax rate that would be financed by increasing the number of firms covered by the tax.
Before the presidential race got underway, Obama spoke at the Hamilton Project's 2006 launch and praised its leaders for taking on "entrenched interests" while serving in the Clinton administration and for being willing to "experiment with policies that weren’t necessarily partisan or ideological."
During a Tuesday conference call with reporters, Furman was peppered with questions about Rubin’s influence by Tom Edsall, a long-time Washington Post writer who is now political editor at the liberal Huffington Post.
Stammering at first, Furman said his appointment was "no reflection at all" on Rubin's influence before suggesting that the advice of Rubin, who is now chairman of Citigroup’s executive committee, would be balanced by more labor-oriented economists.
"I think it is a reflection, no reflection at all on Senator -- I was hired, I think, because maybe I've done an effective job in previous campaigns, not because of any particular economic views that I have," said Furman who advised Sen. John Kerry's 2004 presidential campaign.
"Sen. Obama was very clear and very explicit with me, that what he wanted me to do was help bring a wide range of voices to him to advise him on economic policy," said Furman.
"Before taking this job,” he continued, “I spoke regularly to folks like Jared Bernstien (of the liberal Economic Policy Institute) and since taking it I'll speak to them even more often, and I'll certainly speak to Bob Rubin and (former Treasury Secretary) Larry Summers and James Galbraith, (a liberal University of Texas economist) "as well."
"So I think I personally have a pretty wide range of people that I like to talk to about the economy, and learn from, and that is certainly where Sen. Obama is," Furman continued. "And I don't think this has anything to do with, with my own personal views. They're not relevant for a staff person on the campaign."
Later in the call, Edsall asserted that Furman comes from a school of economics that is “more free-market oriented” than Obama’s tone during the run-up to the Ohio primary when the Illinois Democrat was outspoken about his pledge not only to aid workers displaced by trade but also to renegotiate the NAFTA agreement which is already on the books with Mexico and Canada.
"I don’t think that's an accurate characterization of my own thoughts," Furman told Edsall. "I also don't think it's that relevant for understanding what Sen. Obama wants to do for economic policy. But, why don't, can I call you right after this and we can talk about my own views on economic policy a little bit more, as irrelevant as they are."
With the hunger for a Democratic president running high after seven and a half years of President Bush, Obama has enjoyed substantial maneuverability on the left. But the ruckus from some liberals over Rubin’s influence is a reminder of the types of schisms Obama could face as president.
“I think he had a choice,” Sirota said of Obama’s Furman pick, “he could bring someone in with a worker’s perspective, or a Wall Street perspective, and he chose someone who, at least starts, in Wall Street’s camp, and I think that’s a troubling signal.”
June 10, 2008 in Obama, Barack | Permalink | User Comments (21)
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They will get over it. Can't please 100% of the people, pundits, news organizations, Republicans or Democratic.
Unlike George Bush, he is not afraid of having a variety of views, and opinions presented to him. Surround yourself with people who all think alike and you get economic and geopolitical disaster
Posted by: Thinking | Jun 10, 2008 6:28:01 PM
What I find amusing it that Obama stated he was not for Washington as usual and the status quo. Here he picks somebody from the Clinton administration. If he is for change as some of you believe, where is it?
Posted by: J | Jun 10, 2008 6:52:19 PM
If Hillary is not on the ticket I will vote for McCain. DNC thinks that all Hillary's supporter jump on OB bandwagon, they're wrong.
Posted by: stephanie | Jun 10, 2008 7:10:36 PM
I just wrote Howard Dean a nastygram.
Posted by: J | Jun 10, 2008 7:25:13 PM
More proof that Obama is a liar.
Posted by: Janice | Jun 10, 2008 8:20:18 PM
Actually, I'm pleased with the appointment. What I expect is that my President will hear from all points of view. That rather than a group of economic advisers taking one side, this will provide a really smart guy, advice and viewpoints that will most likely disagree. I trust Obama's judgement and therefore I want him to hear a wide range of views.
Posted by: jerry | Jun 10, 2008 9:55:34 PM
Not a chance I would vote for Obama, I rather go republican.
Posted by: Johanna | Jun 10, 2008 10:59:03 PM
I'm glad to see that David hasn't swallowed the kool-aid.
I was worried there for a while that he had gone to the dark side just to get Sen. Obama elected.
Obama has long had a relationship with the Hamilton Project, and that's the reason that I haven't supported him (nor will I) even though I'm a lifelong Democrat.
The city I live in looks like Berlin 1945 with all the rubble from the demolition of factories shipped overseas.
Obama doesn't seem to get that. And that's why I'm voting for Ralph Nader, and have signed up to help get him on the ballot in my state and elsewhere.
Posted by: Native Son | Jun 10, 2008 11:11:42 PM
I'm glad to see that David hasn't swallowed the kool-aid.
I was worried there for a while that he had gone to the dark side just to get Sen. Obama elected.
Obama has long had a relationship with the Hamilton Project, and that's the reason that I haven't supported him (nor will I) even though I'm a lifelong Democrat.
The city I live in looks like Berlin 1945 with all the rubble from the demolition of factories shipped overseas.
Obama doesn't seem to get that. And that's why I'm voting for Ralph Nader, and have signed up to help get him on the ballot in my state and elsewhere.
Posted by: Native Son | Jun 10, 2008 11:12:03 PM
Well, this is just a small taste of the manipulation that is coming our way and just a little visibility into the actual controls of the levers by Dean and company. The entire election is predicated on a dumb electorate, shallow and passively entertained by an American Idol persona with out depth. The Donna Brazilles, the Kennedy's, Pelosi's and all the rest of the manipulators knew that the people they could get would be those who are most easily persuaded by the tools...internet. This is why middle/blue collar/rural America did not sway from Hillary. They are not internet users.
Posted by: swoosie | Jun 11, 2008 2:36:46 AM
The Clinton trade deals of the 90s are what got us into this economic mess and Obama now puts the Rubin hack Furman on his team? Talk to the millions who lost their pensions, can't afford health care, work two to three jobs, are under or unemployed. Those are the "advisers" Obama should have on his team, not the people who created the problems. Furman and Rubin love outsourcing American jobs and sticking the taxpayers with the corporate welfare so the billionaires can get richer. I thought we defeated one corporatist when Clinton went down and now we get another. I guess you are forcing me to vote independent, Senator Obama.
Between the Oman trade vote and his shady Rezko land purchase, I guess my first instincts about Obama are correct. He's a crook like the rest.
Posted by: Howard | Jun 11, 2008 12:24:33 PM
So, SOROS has taken over the Democratic Party. He just bought up Haliburton. And, we know he is behind the rise of a nonqualified candidate, OBAMA.
Are we going to stand for this?
Posted by: mj | Jun 11, 2008 9:33:12 PM
Rubin was the best thing about the Clinton administration. He was a great Secy of Treasury. If this guy is a disciple of Rubin, I like him. Why people would rebel at that is mystifying. Obama is not going to stop NAFTA. He is going to try for Clintonian prosperity through a balanced budget which keeps interest rates as low as possible. Good stuff.
Posted by: Jammer | Jun 11, 2008 10:18:42 PM
The fact is that we don't know why Obama appointed Furman.
I was very disappointed to hear about this, but I also am wanting to hear more information before coming down too hard on Obama. Perhaps he was truly wanting Furman's skills in some way we don't appreciate right now.
Don't get me wrong, I am a very skeptically minded person and although I will vote for Obama, it isn't like he has proven himself to me yet. I think a lot of people on the left are like me. Obama has impressed us greatly, but we need to hear and see more real action (which is now going to come, since he secured the nomination. This isn't a good first step if you expected him to pick advisors who are 100%, left-leaning.
I am hoping Obama is more of a pragmatist than an idealouge and we know he is wanting to surround himself with a variety of viewpoints.
What I am hoping this ISN'T is the beginnings of a move towards the "center", which is really a strong move to the right. That will be tragic if that happens.
But a lot of the posts here saying "Obama is a liar" and "I will never vote for him because....". Well, I suggest you ask the younger generation what they think. Because really, this election is about them, and the generations after them. So if you vote for McCain out of spite, you may be making a selfish move.
Posted by: cgd | Jun 12, 2008 12:30:34 AM
Now that he's the nominee, everyone will finally see who he is by the choices that he makes. Like this one.
But still many are asking- why? Why did the DNC and Party elders back a rookie?
One word- Money. The Money he was drawing. Never mind that he's a freshman Senator with one year of US Senate experience. It's all about the money he can bring to the Party and thus to all the downstream Dem races happening this year.
Posted by: Evy | Jun 12, 2008 3:39:26 AM
I'm voting for McCain so that we can overturn Roe vs Wade, expand police powers, continue our noble experiment in Iraq and maintain the Bush policies that have devalued the dollar because it will help my investments in gold and oil companies.
Posted by: Javalation | Jun 12, 2008 8:56:25 AM
At this point, I don't care what Obama does. I'm not voting for him. EVER!
Posted by: Foodforthought | Jun 12, 2008 10:01:52 AM
Furman would rather see expanded unemployment insurance, wage insurance, and more education for workers rather than trade barriers to protect their jobs. According to Furman, unions tend to dismiss those sorts of policies, "burial insurance."
Most Americans also dismiss those policies as "burial insurance." That's what they are. They temporarily pacify those losing high-paying jobs to outsourcing, offering outsourcing's victims false hope for the future, by deluding them into believing retraining will bring better jobs in the future.
But it hasn't. This false claim has been disproven over and over again. Most people being retrained are NOT finding "better" jobs. Many aren't finding any jobs at all. And many of those who do find "better" jobs, often lose them to the next wave of outsourcing, since the number of outsource-able jobs continues to rise.
There's no way I'm voting for Obama if he keeps either Furman or Ghoulspee as economic advisors. Even one of them is a deal breaker for me.
We need to step up criticism of BOTH McCain and Obama on their pro-Globalist free trade advocacy. Maybe one of them will take the hint, and start trying to represent 304 million Americans, instead of just a handful of the richest Americans.
Americans don't need "re-training." And we don't need just a few "revisions" of Corporate-written Cheap-Labor Trade Agreements.
We need to cancel them — all of them. (We could already trade with countries without any trade 'agreements' at all.) And if we can't cancel all trade agreements, then we need a guarantee that our trade balance will be brought down to zero, using ANY means necessary.
Phony proposals to "enforce labor standards" and "collective bargaining rights" are just hot air. They'll never work, and those proposing them know it. The Benedict Arnold American Corporations that invest overseas don't want the rules enforced, because it raises their labor costs, and reduces their profits. And they'll do everything possible to ensure that they are not enforced. And since the US government has NO real control over how other countries treat workers, none of these proposals are truly enforceable. American multinationals will make sure of that.
The only rules we can enforce are those inside our own country. We DO have control over our own tariffs. And we DO have control over what enters this country. And we should exercise this control as much as needed, to bring our trade deficit down to ZERO. Our government owes it to ALL Americans to protect their jobs and economic wellbeing from the self-serving greed of the richest few.
Is this "protectionism"? Absolutely. That's exactly what we need. After all, "protection" from enemies at home and abroad, is the sworn, mission of our elected officials.
Their #1 function is providing "protectionism" of "WE, the people."
Our nation cannot survive indefinitely by spending the artificial wealth created by asset inflation, while producing little or no real wealth. American workers cannot make ends meet indefinitely by spending borrowed money, as their real wages decline from reduced labor demand and inflation.
Furman is a disaster on trade. So is Ghoulspee. They hide behind a phony veil of "liberalism", while serving only the interests of rich Corporations and Benedict Arnold American multinationals. They're wolves in sheeps' clothing. And their sheeps' wool is getting thinner by the hour.
Posted by: unlawflcombatnt | Jun 12, 2008 10:43:35 PM
Republicans use racist fear of the black man while they continue to screw over whites and everyone else as they laugh all the way to the bank.
Yep, republicans are counting on whites to ignore 7 years of getting screwed without vaseline because they think fear of blacks will trump any problems they have with bush/cheney and mccain.
Posted by: geevil | Jun 13, 2008 12:47:53 AM
Listen: Obama may not be the perfect candidate -- no one will be. But please be rational when you vote. The next president can do one of two things: complete Mr. Bush’s business and leave our country in total catastrophe, or start us back on a path to restoring our economy, our planet. our freedoms, and our integrity.
Voting for McCain, or Nader for that matter, brings us the former. Consider that if you vote for McCain or Nader you get this:
More war.
** More tax breaks for the rich.
** Government run by big business not the people. (McCain’s campaign manager and top advisers are lobbyists. Public Citizen says McCain has 59 lobbyists raising money for his campaign.)
** More government sanctioned torture. (McCain voted against the bill to ban waterboarding.)
** Further mistreatment and squandering of our military forces. (McCain does not support the GI bill nor has he done any work at all to improve benefits and treatment for our vets.)
** More damage to our environment. (He positions himself as pro-environment, but he scored a ZERO from the League of Conservation Voters last year.)
** Institutionalized misogyny. (McCain didn’t support the equal pay amendment for women. He thought women should just “get a better education.”
** Further protection of the rich at the expense of the poor and middle class – even the children. (The Children’s Defense Fund rated McCain as the worst senator in Congress for children. He voted against the children’s health care bill last year, and defended Bush’s veto.)
Posted by: bobbi | Jun 13, 2008 3:02:37 PM
If Obama-Furman continue the taxing of wages, of social security, of what jobs produce, then hello socialism (it'll be called something else.
Don't tax jobs, tax something that can't be produced - tax locations (as represented by land values) instead. Gradually. Ask how.
Posted by: steven cord | Jun 15, 2008 12:53:58 AM
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