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Obama continues to stack his Cabinet with Friends; Treasury to WH Chief of Staff

Posted By AIM Newswire On January 9, 2013 @ 2:59 pm In AIM Newswire | No Comments

WASHINGTON — As liberals in the mainstream media complain about crony capitalism, a different kind of cronyism is ongoing in the nation’s capital. But, sadly enough, this is business as usual in Washington under President Barack Obama.

Jack Lew [1]After pushing for the nomination of his friend Chuck Hagel, former GOP senator from Nebraska, to the Defense Secretary position and his counterterrorism chief John Brennan as the next CIA director, Obama has nominated his White House Chief of Staff Jack Lew as the next Treasury Secretary.

The previous Treasury Secretary, Timothy Geithner, will not be retained in his role in the cabinet and was a lightning rod for heavy criticism during the recent recession under Obama. He had made it very clear that he would only serve one term as Treasury Secretary during his term in the Treasury Department.

His replacement, Lew, is a 57-year-old policy “wonk” (a Washington term for policy expert) and had worked in the State Department earlier in the Obama administration. He was also a budget director for Obama and served in the same role under Bill Clinton.

According to the Obama White House, Jack Lew is qualified because of his experience in the budgeting world of Washington, D.C.  He is faced with a heavy slate in the months ahead.

Even though the U.S. avoided the first “fiscal cliff” crisis, there are further automatic cuts that will take place on March 1st. Congress is facing the debt ceiling issue of $16.4 trillion, of whether to raise it or make large cuts to bring the debt into manageable amounts and will certainly be a dogfight for both Republicans and Democrats. In addition, the infamous automatic budget cuts to defense and domestic social programs will take place unless a solution is reached.

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