Scott Sullivan : Bush-Clinton
negotiations on debt/last sentence
In a word, political gridlock now prevails in Washington DC on the thorny issue of gaining Executive-Legislative branch agreement on the US's international debt ceiling.
So, where do we go from here? Chris Matthews on MSNBC had an interesting new idea.
Obama could appoint Bill Clinton as his new Secretary of the Treasury!
Clinton has actually been preparing for this job over the past several months by reading a series of academic articles on theories of economic development and preparing on his own a comprehensive notebook on economics for each of the G-20 states.
However, this idea has a serious flaw for the Clintons. A routine background check on the Clintons would Discover that Hillary Clinton is a political adversary
to Dominique Strauss Kahn (DSK) the former Executive Director of the International Monetary Fund (IMF) who was sacked by the IMF last month after he allegedly attempted to rape a hotel maid at a luxury hotel on Manhattan Island. Cyrus Vance Jr. of the NY District Attorney's office, quickly moved to indict and arrest DSK without first assessing the credibility of this hotel maid.
After an investigation of the hotel maid was undertaken, the NYPD discovered that she allegedly has a questionable background as a prostitute. Cyrus Vance Jr., the NY District Attorney, must now have to consult with Bill Clinton, if he is appointed Treasury Secretary, which oversees the IMF, to make a decision about whether to drop the entire sexual assault case against DSK.
Finally, let me offer even a better idea. President Obama can take can take advantage of the George W. Bush-Bill Clinton cooperation in Haiti, where they select communities which are deserving of UN economic assistance. Obama can ask Bush and Clinton to review the issues and make a binding recommendation on raising the US's ceiling on international debt.
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Scott Sullivan is a former Washington government employee and was the Senior Advisor for International Economics at the Crisis Management Center of the National Security Council, 1984 - 1986. Petroleumworld not necessarily share these views.
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Petroleumworld News 07/28/2011
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