China knows our next Treasury secretary well

National Review Online ^ | June 28, 2006 | Frank Gaffney

[nw_arizona_granny]

Ping...........

[Calpernia]

Made in China!

[Calpernia]

bump

[Calpernia]

Goldman Sachs = Corzine

China = Toricelli

[Calpernia]

ping

[operation clinton cleanup]

Why no mention of Robert Rubin in the article? He is the one who got the whole thing rolling in the first place.

[Trupolitik]

I would be interested in hearing details. thnx.

[operation clinton cleanup]

The architect of the Clinton bubble economy and the bridge to the 21st century China economy.

Rubin began his career as an attorney at the firm of Cleary, Gottlieb, Steen & Hamilton in New York City. He joined Goldman Sachs in 1966 as an associate in the risk arbitrage department. Rubin proved to be a master of the intricate art of investing Goldman's own capital in high-reward arbitrage opportunities and became a general partner in 1971. He joined the elite management committee in 1980, along with fellow Democrat Jon Corzine, later a senator and governor from New Jersey. Rubin was Vice Chairman and Co-Chief Operating Officer from 1987 to 1990. From the end of 1990 to 1992, Rubin served as Co-Chairman and Co-Senior Partner along with Steve Friedman.

From January 20, 1993, to January 10, 1995, Rubin served in the White House as Assistant to the President for Economic Policy. In that capacity, he directed the activities of the National Economic Council, which was created by President Bill Clinton after his election in 1992.
Rubin's signature, as used on American currency
Enlarge
Rubin's signature, as used on American currency

Rubin served as Treasury Secretary from January 10, 1995 to July 2, 1999, succeeding Lloyd Bentsen.

[Calpernia]

ping

[veracious]

I'm with Wuli and the like. We're not after a World Market economy. We're after American interests like all real Americans.

Duh. Take the New Age "cheaper is better at any price" stuff to the bankers friends, apparently the other folks on this thread.

[Wuli]

I do not consider China a true "market" economy.

It is best described as state-capitalism, which in the 1930s we called fascism. If you wanted a classical economic definition of the political-fuedalistic politics of the sheikdoms and their "state" control and decisions about their capital, you would come close to the mercantilism that Adam Smith was so opposed to.

Yet, here in the west, we have been led by our own greedy mercantilists to believe that capital is capital, no matter its political connections or the political intent of those connections, or how adverse to our essential freedoms will be the success of those intentions. The fiction earns someone profits and it profits greatly those who seek to promote their economic model (state-capitalism, mercantilism) over ours.

It is this same fiction and the greedy promoters of it that is now allowing weak democracies to be bought off so easily , in their foreign policies towards us, by the influence of "capital" from China and the Sheikdoms. And, oh, by the way, where are China and the sheikdoms accumulating that capital? From us idiots.

[pttttt]

Speaking of foreign buyouts, look who owns the Committee on Foreign Investment in the United States , aka CFIUS, and where this chap is going.