Your Corporatocracy Has Arrived

So, Obama has chosen Bill Daley as his new chief of staff.

Who's Bill Daley, you may ask? Oh, he's just "a top executive at JPMorgan Chase, where he is paid as much as $5 million a year and supervises the Washington lobbying efforts for the nation's second-largest bank. William M. Daley also serves on the board of directors at Boeing, the giant defense contractor, and Abbott Laboratories, the global drug company, which has billions of dollars at stake in the overhaul of the health care system," succinctly explains the New York Times, in their piece titled "Business Background Defines Chief of Staff."

Here in Chicagoland, we also know him as Mayor Richard Daley's brother. Depending on who you ask, being from the Daley political dynasty is either a recommendation of greatness or, um, the opposite. Plus 3/8ths pure evil.

I suppose the same thing can be said about Daley's coziness with Corporate America. Depends on who you ask whether that's a good thing.

The president thinks so.

Well. It's not the first time we disagree on something, now is it?

Further Reading: Digby, D-Day, Ezra, Greg.

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