HomeContact Site map   Google    www    iipm think tank
   
   
Home Scrutiny Publications Under Cover Mus'ings  
 

Home > Scrutiny > Oh bummer!

  
   
     
   Case Studies  
       
  Marketing    
  Human Resource    
  Information Technology    
  Finance    
  Strategy    
       
 
     
   Industries  
       
  Steel    
  Glass    
  Banking    
  Prophylactic    
  Auto    
  Hospitality    
  Energy    
       
 
     
   Other links  
       
  IIPM    
  Planman Consulting    
  Planman Marcom    
  Planman Technologies    
  Daily Indian Media    
  Planman Financial    
  4P's Business and Marketing    
  Business and Economy    
  The Daily Indian    
  The Sunday Indian    
  Arindam Chaudhuri    
  GIDF    
       
 
  
         
Scrutiny
  
Oh bummer!
Obama should close down TEAB
26/11/2009

Obama’s ‘trusted’ Transition Economic Advisory Board (TEAB) is not only irrelevant, but continuing it any further could be a major source of embarrassment for Obama. That TEAB has grossly under-performed can be seen from direct indicators – TEAB has been able to spend just about half the recovery package of $787 billion; TEAB has not given concrete steps for stemming the growing unemployment, now at 9.8%, and job losses of 4 million alone in this year; TEAB’s huge lack of focus on controlling America’s humungous deficit of $1.4 trillion is legendary. Added to that is the clear conflict of interest that some of the 17 members of TEAB have in gaining from the stimulus that they themselves have promoted – for examples, Warren Buffet (had investments in Goldman Sachs and other firms that got huge stimulus support) and Robert Rubin (Chairman of Citigroup; got $45 billion government support).

And if Obama even dreams of getting his rote against outsourcing in action, a few TEAB members will be dancing to a different tune we guess – Robert Rubin created a collection and transaction process centre in 2000, having 12,000 employees now, which has been sold to Tata Consultancy Services. Warren Buffet’s invested firms have business interests in making apparels in Asia, Morocco and the Carribean. Anne Mulcahy, member TEAB, is the Chairman of Xerox, which outsourced manufacturing of low end printers and copiers through Singapore-based Flextronics International Ltd.

The fact is, we guess Obama has probably already realised this. One reason why his meetings with TEAB, well, are not held of late. And surprise, surprise, Obama now has a fully active Presidential Economic Recovery Advisory Board (PERAB) that he meets very regularly to push his moves to improve and hasten the American economic recovery. Guess how many members from the TEAB are there in the PERAB? Five! Buffet, Rubin, Mulcahy, all find themselves eased out. If this much is already done, then it’s time for you Obama to formally disband and disengage the skew-minded TEAB!

By:- Sayan Ghosh
Back

  
 
 
       
Home | Scrutiny | Publications | About us | Contact us
Copyright @2010 iipm think tank. All rights reserved.