Paul Volcker is apparently being tapped by Obama for his economic team, a man that was Fed Chairman under Carter and was directly responsible for the economic disaster that this country endured during the late 70's.
That is not an attack, it is a fact. Facts are not negative, they are simply spelling out the truth.
So far, Obama has been pretty decent with his picks, not the same individuals I would have chosen, but certainly not off the radar screen either - until now.
Paul Volcker is a bad choice Mr. Obama and I would hope that you would reconsider this decision before we find ourselves in another deep deflationary period where prices drop and the monetary costs, inflation skyrocket and drive us into a depression.
Doom and Gloom is not my forte' but I am very concerned with this choice. Maybe Volcker has learned from his past mistakes, are we willing and able to risk that? At this time I say no.
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