That would be the Securities & Exchange Commission, not the Southeast Conference..... Amazing considering he's a Marxist and such according to many BBS wisemen.... http://news.yahoo.com/s/bloomberg/20080514/pl_bloomberg/aoa1fetth0wu Julianna Goldman Wed May 14, 8:58 AM ET May 14 (Bloomberg) -- Democratic presidential candidate Barack Obama picked up the endorsement today of three former chairmen of the Securities and Exchange Commission, two of whom were appointed by Republican presidents. Arthur Levitt, who was appointed by Bill Clinton; William Donaldson, who was appointed by George W. Bush; and David Ruder, who was appointed by Ronald Reagan, issued a joint statement saying Obama can provide the best leadership during times of ``monumental economic challenges.'' ``We believe Senator Obama can provide the positive leadership and judgment needed to take us to a stronger and more secure economic future,'' they said. The statement also was signed by former Federal Reserve Chairman Paul Volcker, who previously endorsed Obama. The four men said they appreciated Obama's support for ``balanced regulatory reform. We believe that such a constructive approach can be extended broadly in the economic area as well as elsewhere.'' Levitt, in an interview today on Bloomberg Radio, said their backing was prompted in part by Obama's opposition to a summer gas-tax holiday advanced by Democrat Hillary Clinton and Republican John McCain. Obama called the idea a ``gimmick'' because it would save the average driver less than $30. ``Obama alone opposed this as being political and so over the top and we agree with that,'' Levitt said. ``We felt that Obama's position on this particular issue was fair and balanced.'' In a written statement, Obama said he was honored to have their support. ``They understand the depth of our current economic problems and that we need to rise above the old politics if we are to build a stronger, more secure economic future,'' Obama said. ``I look forward to working with them.'' Levitt is a senior adviser to the Carlyle Group and a board member of Bloomberg LP, parent of Bloomberg News.
Maybe Obama would be good for the economy and maybe he wouldn't. One thing that I can say is that so much of our markets are due to irrational fear or irrational exuberance that if Obama communicates positive economic feelings, that things may improve. Obama may be to the Dems as Reagan was to the GOP.
Not to derail but... from the rumor mill -- Edwards I believe has about 20 pledged delegates; so that would pretty much erase Hillary's WV gains.
When the choices are John "I don't understand economics" McCain, and Hillary "I heart price controls" Clinton, a smart Marxist seems downright attractive.
I guess endorsements is how Obama is fighting the mammoth issue of him having no executive experience. ...but to try to credentialize oneself by touting that they were the head of a large, slow-moving, out-of-touch, paper pushing, regulatory agency doesn't do much for me... lol, that's like saying you are qualified to be the coach of the Michigan Wolverines since you were a part of the BCS Oversight Committee...
Here comes the John Edwards endorsement as well..... Are we seeing the light at the end of the tunnel?
This is kind of funny. I had heard that when asked on TV a short time ago who he supported, Edwards said, "I voted for him on Tuesday". It now appears that he said, " 'em ", and people were just confused by his drawl. It gives me visions of some terrible international conflict caused by a potential Edwards Vice Presidency. http://rss.usatoday.mlogic3g.com/detail.jsp?key=846455&rc=ne
Hedge funds have also been huge Obama supporters http://www.reuters.com/article/politicsNews/idUSN2635694020080226
