Blog Smith

Blog Smith is inspired by the myth of Hephaestus in the creation of blacksmith-like, forged materials: ideas. This blog analyzes topics that interest me: IT, politics, technology, history, education, music, and the history of religions.

Monday, January 9, 2012

New Chief of Staff: Former Hedge Fund Exec. at Citigroup, Made Money Off Mortgage Defaults

On Feb. 13, 2011, Jack Lew appeared on CNN’s State of the Union with Candy Crowley and said of Obama’s proposed budget:

"Our budget will get us, over the next several years, to the point where we can look the American people in the eye and say we’re not adding to the debt anymore; we’re spending money that we have each year, and then we can work on bringing down our national debt."

Lew’s statement was deemed “false” by the nonpartisan, Pulitzer Prize-winning PolitiFact.com.

Cf. http://www.politifact.com/truth-o-meter/statements/2011/feb/15/barack-obama/barack-obama-says-white-house-budget-would-not-add/

“The contention that ‘we will not be adding more to the national debt’ after the middle of the decade seems incorrect on its face,” reported PolitiFact. “So what is the administration thinking?”

On interest payments alone, Obama’s budget would have accrued $884 billion, and in the end, Obama’s budget was considered so misguided that it was unanimously rejected by the U.S. Senate in a 97-0 vote.

Lew’s false statement did not escape scrutiny and came under fire when he questioned by Sen. Jeff Sessions (R-AL):


Emmanuel, Obama's first chief of staff once sat on the board of Freddie Mac. Daley, whose departure was announced today (9 January 2012), was previously a top executive at J.P. Morgan Chase. Obama's latest chief, Lew, was a former COO of Citibank. Lew got $900,000 after Citigroup bailout; The payout came on top of the already hefty $1.1 million Citigroup compensation package for 2008 that he reported last year.

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  • Accelerate: Technology Driving Business Performance;
  • ACM Queue: Architecting Tomorrow's Computing;
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  • Ali, Tariq, The Clash of Fundamentalisms: Crusades, Jihads, and Modernity;
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  • American School & University: Shaping Facilities & Business Decisions;
  • Angelich, Jane, What's a Mother (in-Law) to Do?: 5 Essential Steps to Building a Loving Relationship with Your Son's New Wife;
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  • Arrian: Anabasis of Alexander, Books I-IV (Loeb Classical Library No. 236);
  • Atkinson, Rick, The Guns at Last Light: The War in Western Europe, 1944-1945 (Liberation Trilogy);
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  • Austen, Jane, Pride and Prejudice;
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  • Info World: Information Technology News, Computer Networking & Security;
  • Information Week: Business Innovation Powered by Technology:
  • Infostor: The Leading Source for Enterprise Storage Professionals;
  • Infrastructure Insite: Bringing IT Together;
  • Insurance Technology: Business Innovation Powered by Technology;
  • Integrated Solutions: For Enterprise Content Management;
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  • Irwin, Robert, Dangerous Knowledge: Orientalism and Its Discontents;
  • Jeffrey, Grant R., The Global-Warming Deception: How a Secret Elite Plans to Bankrupt America and Steal Your Freedom;
  • Jewkes, Yvonne, and Majid Yar, Handbook of Internet Crime;
  • Johnson, Chalmers, Blowback: The Costs and Consequences of American Empire;
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  • Kepel, Gilles, Jihad: The Trail of Political Islam;
  • Kiplinger's: Personal Finance;
  • Klein, Naomi, The Shock Doctrine: The Rise of Disaster Capitalism;
  • KM World: Content, Document, and Knowledge Management;
  • Koestler, Arthur, Darkness at Noon: A Novel;
  • Kostova, Elizabeth, The Historian;
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  • Limberis, Vasiliki M., Architects of Piety: The Cappadocian Fathers and the Cult of the Martyrs;
  • Lipsett, B. Diane, Desiring Conversion: Hermas, Thecla, Aseneth;
  • Livingston, Jessica, Founders At Work: Stories of Startups' Early Days;
  • Livy, Rome and the Mediterranean: Books XXXI-XLV of the History of Rome from its Foundation (Penguin Classics);
  • Louis J., Freeh, My FBI: Bringing Down the Mafia, Investigating Bill Clinton, and Fighting the War on Terror;
  • Mackay, Christopher S., Ancient Rome: A Military and Political History;
  • Majno, Guido, The Healing Hand: Man and Wound in the Ancient World;
  • Marcus, Greil,Invisible Republic: Bob Dylan's Basement Tapes;
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  • Maughm, W. Somerset, Of Human Bondage;
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  • McCullough, David, John Adams;
  • McCullough, David, Mornings on Horseback: The Story of an Extraordinary Family, a Vanished Way of Life and the Unique Child Who Became Theodore Roosevelt;
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  • McNamara, Patrick, Science and the World's Religions Volume 1: Origins and Destinies (Brain, Behavior, and Evolution);
  • McNamara, Patrick, Science and the World's Religions Volume 2: Persons and Groups (Brain, Behavior, and Evolution);
  • McNamara, Patrick, Science and the World's Religions Volume 3: Religions and Controversies (Brain, Behavior, and Evolution);
  • Meacham, Jon, American Lion: Andrew Jackson in the White House;
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  • Negus, Christopher, Fedora 6 and Red Hat Enterprise Linux;
  • Network Computing: For IT by IT:
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  • Optimize: Business Strategy & Execution for CIOs;
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  • Pausanius, Guide to Greece 1: Central Greece;
  • Perrett, Bryan, Cassell Military Classics: Iron Fist: Classic Armoured Warfare;
  • Perrottet, Tony, The Naked Olympics: The True Story of the Olympic Games;
  • Peters, Ralph, New Glory: Expanding America's Global Supremacy;
  • Phillips, Kevin, American Dynasty: Aristocracy, Fortune, and the Politics of Deceit in the House of Bush;
  • Pick, Bernhard; Paralipomena; Remains of Gospels and Sayings of Christ (Sony Reader);
  • Pimlott, John, The Elite: The Special Forces of the World Volume 1;
  • Pitre, Brant, Jesus and the Jewish Roots of the Eucharist: Unlocking the Secrets of the Last Supper;
  • Plutarch's Lives, X: Agis and Cleomenes. Tiberius and Gaius Gracchus. Philopoemen and Flamininus (Loeb Classical Library®);
  • Podhoretz, Norman, World War IV: The Long Struggle Against Islamofascism;
  • Posner, Gerald, Case Closed: Lee Harvey Oswald and the Assassination of JFK;
  • Potter, Wendell, Deadly Spin: An Insurance Company Insider Speaks Out on How Corporate PR Is Killing Health Care and Deceiving Americans;
  • Pouesi, Daniel, Akua;
  • Premier IT Magazine: Sharing Best Practices with the Information Technology Community;
  • Price, Monroe E. & Daniel Dayan, eds., Owning the Olympics: Narratives of the New China;
  • Profit: The Executive's Guide to Oracle Applications;
  • Public CIO: Technology Leadership in the Public Sector;
  • Putnam, Robert D., Bowling Alone : The Collapse and Revival of American Community;
  • Quintus of Smyrna, The Fall of Troy;
  • Rawles, James Wesley, Patriots: A Novel of Survival in the Coming Collapse;
  • Red Herring: The Business of Technology;
  • Redmond Channel Partner: Driving Success in the Microsoft Partner Community;
  • Redmond Magazine: The Independent Voice of the Microsoft IT Community;
  • Renan, Ernest, The life of Jesus (Sony eReader);
  • Richler, Mordecai (editor), Writers on World War II: An Anthology;
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  • SC Magazine: For IT Security Professionals;
  • Scahill, Jeremy, Blackwater: The Rise of the World's Most Powerful Mercenary Army [Revised and Updated];
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  • Scheuer, Michael, Imperial Hubris: Why the West Is Losing the War On Terror;
  • Scheuer, Michael, Marching Toward Hell: America and Islam After Iraq;
  • Scheuer, Michael, Osama Bin Laden;
  • Scheuer, Michael, Through Our Enemies Eyes: Osama Bin Laden, Radical Islam, and the Future of America;
  • Scholastic Instructor
  • Scholastic Parent & Child: The Joy of Family Living and Learning;
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  • Schulze, Hagen, Germany: A New History;
  • Schweizer, Peter, Architects of Ruin: How Big Government Liberals Wrecked the Global Economy---and How They Will Do It Again If No One Stops Them;
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  • Security Technology & Design: The Security Executive's Resource for Systems Integration and Convergence;
  • Seibel, Peter, Coders at Work;
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  • Seneca: Naturales Quaestiones, Books II (Loeb Classical Library No. 450);
  • Sewall, Sarah, The U.S. Army/Marine Corps Counterinsurgency Field Manual;
  • Sheppard, Ruth, Alexander the Great at War: His Army - His Battles - His Enemies;
  • Shinder, Jason, ed., The Poem That Changed America: "Howl" Fifty Years Later;
  • Sidebottom, Harry, Ancient Warfare: A Very Short Introduction;
  • Sides, Hampton, Blood and Thunder: The Epic Story of Kit Carson and the Conquest of the American West;
  • Simkins, Michael, The Roman Army from Caesar to Trajan;
  • Sinchak, Steve, Hacking Windows Vista;
  • Smith, RJ, The One: The Life and Music of James Brown;
  • Software Development Times: The Industry Newspaper for Software Development Managers;
  • Software Test Performance;
  • Solomon, Norman, War Made Easy: How Presidents and Pundits Keep Spinning Us to Death;
  • Song, Lolan, Innovation Together: Microsoft Research Asia Academic Research Collaboration;
  • Sophocles, The Three Theban Plays, tr. Robert Fagles;
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