2008 election, Barack Obama, Barack Obama 2008, Barack Obama Endorsements, Democratic Presidential candidate, democratic primary, obama endorsement, Paul A. Volcker, Paul Volcker Barack Obama
2008 election, Barack Obama, Barack Obama 2008, Barack Obama Endorsements, Democratic Presidential candidate, democratic primary, obama endorsement, Paul A. Volcker, Paul Volcker Barack Obama

Former Fed Chairman Paul Volcker Endorses Obama

Wall Street Journal   |  Jackie Calms   |   January 31, 2008 02:17 PM


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Former Federal Reserve Chairman Paul Volcker, the latest big name to endorse Sen. Barack Obama, could give the Illinois Democrat a boost by lending his gravitas in the financial world to a presidential candidate whose biggest hurdle is to convince voters he is experienced enough.

"After 30 years in government, serving under five Presidents of both parties and chairing two non-partisan commissions on the Public Service, I have been reluctant to engage in political campaigns. The time has come to overcome that reluctance," Volcker, a Democrat, said in a statement today. "However, it is not the current turmoil in markets or the economic uncertainties that have impelled my decision. Rather, it is the breadth and depth of challenges that face our nation at home and abroad. Those challenges demand a new leadership and a fresh approach."

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- Tankan See Profile I'm a Fan of Tankan

Another wise old man who recognises what's best for the nation!

    Favorite    Flag as abusive Posted 11:02 AM on 02/01/2008
- Ladyrantsalot See Profile I'm a Fan of Ladyrantsalot

I was a young student when Volcker was head of the Federal Reserve and, at the time, I resented him because Fed policy led to a pretty brutal recession and tough times for working people. As the years passed, however, I came to understand that those policies also ended the stagflation of the 1970s. They were tough medicine, but they worked. So I came to respect him (and to study up more on economics). Funny, I never knew he was a Democrat; I always thought he was one of those Republicans Democratic presidents are often obliged to appoint to keep the Republican ranters off their backs. This is a significant endorsement from a highly accomplished man who is respected by people in both parties.

    Favorite    Flag as abusive Posted 08:44 PM on 01/31/2008
- DudeE See Profile I'm a Fan of DudeE

Right on - Reagan's Fed Chairman endorses Obama.

    Favorite    Flag as abusive Posted 06:56 PM on 01/31/2008
- ayc See Profile I'm a Fan of ayc

For those who understand the financial world, it is kind of hard to downplay this endorsement. If the economy is moving into the top concern in this election, this endorsement carries weight.

    Favorite    Flag as abusive Posted 06:50 PM on 01/31/2008
- Zhonni See Profile I'm a Fan of Zhonni

I don't know this guy, but I take it an endorsement is an endorsement except it were given by the devil(not refering to Bush for those who might think so).

Well, the more the better.

    Favorite    Flag as abusive Posted 05:53 PM on 01/31/2008
- Svenson See Profile I'm a Fan of Svenson

When Obama talks about new, change, hope and future and then all these old dead wood from history that i have never heard off come out of the woodworks for 5 second of fame ... i feel like I am going through a hallucination and surreal dream when I am high on marijuana.
It is eeeerrriiess.

    Favorite    Flag as abusive Posted 05:49 PM on 01/31/2008
- BUSHsurvivor See Profile I'm a Fan of BUSHsurvivor

What? No headline for Washington Senator Patty Murray endorsing Clinton?

What? No story on Dr. Maya Angelou's radio spot FOR Clinton?

And where's the story on Obama's pandering to 4 mostly Black Georgia Ministries telling them to imagine what a picture of him with his hand on the bible being sworn in would do for their kids?

How can this be?

ObamaPo is getting to really be like Faux Noise's fair and balanced...said, but really not!

    Favorite    Flag as abusive Posted 05:41 PM on 01/31/2008
- NCYvonne See Profile I'm a Fan of NCYvonne

They wrote and recorded a song called "Fired Up & Ready To Go" based on the Obama theme. Check it out here. It's wonderful and includes the Pearl Jam drummer!!!

http://www.youtube.com/watch?v=LyJ72iZ3tW4

    Favorite    Flag as abusive Posted 04:55 PM on 01/31/2008
- mrJJ See Profile I'm a Fan of mrJJ

OT:

Sen Obama might a problem... All of the Chinese Govt censored web sites are heaping on the praises of renewed a Clinton White House..

    Favorite    Flag as abusive Posted 03:33 PM on 01/31/2008
- godlessclif See Profile I'm a Fan of godlessclif

Does this finally convince you Obama is a sellout to rich multinational corporate interests.

Paul Volcker endorsed Reagan over Jimmy Carter.
wages.

Volcker father of "The Volcker Squeeze" that squeezed out
inflation in 1978 by lowering wages.

    Favorite    Flag as abusive Posted 03:20 PM on 01/31/2008
- lynnn See Profile I'm a Fan of lynnn

I think what this guy is saying is that "Obama is nut a nut case. Obama is half-way sane, and is calm, we are in for a Depression MF'ers we don't need a nut @ the helm. Europeans like the Obama, so they won't try to stick it to us." That's what I think this guy is saying.

    Favorite    Flag as abusive Posted 03:11 PM on 01/31/2008
- realitytrumpsbull See Profile I'm a Fan of realitytrumpsbull

While someone still accepts dollars, Congress should be considering pre-printed impeachment forms. To save money, they could build a Word document, and convert it into PDF. Spend 4 hours sharpening the double-bitted budget axe, and 1 hour cutting down the corruption, instead of vice versa.

    Favorite    Flag as abusive Posted 03:09 PM on 01/31/2008
- Ides See Profile I'm a Fan of Ides

Now THAT is an endorsement. It undermines the armchair policy wonks, it undermines the Manchurian Reaganite bullcrap, and it ties him to Carter (which will piss off the Far-Right and, in turn, infuse the Democrats).

    Favorite    Flag as abusive Posted 03:03 PM on 01/31/2008
- RusStyles See Profile I'm a Fan of RusStyles

I can no longer keep up with the heavy-player endorsements...His commentary was spot-on, and a further indication of Obama's wide appeal.

Go Obama '08!

    Favorite    Flag as abusive Posted 03:02 PM on 01/31/2008
- thetaoofterri See Profile I'm a Fan of thetaoofterri

Does it bother anyone else but me that many "Ray-gunites" are stepping forward to endorse Obama?

    Favorite    Flag as abusive Posted 03:00 PM on 01/31/2008
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