Skip to comments.Obama to tap Pritzker, Froman for economic jobs
Posted on 05/02/2013 4:45:31 AM PDT by TurboZamboni
WASHINGTONPresident Barack Obama on Thursday will nominate a longtime fundraiser to run the Commerce Department and a top economic adviser as the next U.S. Trade Representative, a White House official said. Commerce nominee Penny Pritzker, a businesswoman, philanthropist and Hyatt hotel heiress, is Obama's final pick to fill vacancies among Cabinet secretaries in his second term. The Commerce post has been vacant since last summer, when former Secretary John Bryson resigned after he said he suffered a seizure that led to a series of traffic collisions.
USTR nominee Michael Froman is one of Obama's senior economic advisers and a former Citigroup executive. The Cabinet-level post performs as the administration's top adviser and negotiator on international trade. If confirmed by the Senate, Froman would replace Ron Kirk, a former Dallas mayor who stepped down as trade representative in February after serving in the post for all of Obama's first term
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I knew someone who used to work for her, it was a very unhappy place to work.
Isnt she the billionaire who LOOOVEs Ahamdinejad and hosted the US hostage taker and world terrorist regime architect at a reception when the putz visited the UN???
And isn’t she obama’s sugar-mama who set up a shell entity to buy obama a $35 million luxury pad in Hawaii for his retirement???
Billionaire business mogul Penny Pritzker is a member of one of Americas richest families and was the Finance Chair for the presidential campaign of Barack Obama. It was Pritzker that led the prolific, and illegal, fundraising that helped power Barack Obamas presidential campaign. She was the chair of Chicago-based Superior Banks board for five years.
Pritzker was into subprime lending before it became all the rage starting in around 2000. Prtizker's chairmanship was to concentrate on sub prime lending, principally on home mortgages, but for a while in subprime auto lending, too, after the Pritzkers' bank acquired its wholesale mortgage organization division, Alliance Funding, in December 1992.
Superior Bank went belly up in 2001 with over $1 billion in insured and uninsured deposits; 1,406 depositors lost much of their life savings. This collapse came amid harsh criticism of how Superiors owners promoted sub-prime home mortgages.
Another Obama crony moves into the government. Even billionaires like Pritzker enjoys riding the gravy train and feeling important. That’s why they bundled hundreds of millions in campaign funds for The First Marxist.
Abolish the Commerce Dept., Interior Dept., EPA, Education Dept., Agriculture (Food Stamp) Dept. and Energy Dept. for some real cost savings. We would never miss them.
Look like Penny’s perfect for the job, what with her experience bankrupting banks and all.
Excellent homage to Ferris Bueller.
I don't know much about the other person, but this one seems to meet the primary requirements of an Obastard Cabinet Secretary: No relevant experience or qualifications, but gobs of family and campaign $$ connections.