06/20/2008 05:12 am ET Updated May 25, 2011

Union Critical Of Obama's Top Economic Aide, Slams "Rubinomics"

Acting quickly after securing his party's presidential nomination, Barack Obama picked a well-known representative of Bill Clinton's economic policies as his economic policy director and signaled this week that the major players from the Clinton economics team were now in his camp -- starting with Robert E. Rubin.

Senator Obama, Democrat of Illinois, hired Jason Furman, a Harvard-trained economist closely associated with Mr. Rubin, a Wall Street insider who served as President Clinton's Treasury secretary. Labor union leaders criticized the move, and said that "Rubinomics" focused too much on corporate America and not enough on workers.

"For years we've expressed strong concerns about corporate influence on the Democratic Party," John J. Sweeney, president of the AFL-CIO, said Wednesday in a statement implicitly critical of the symbolism of the appointment, no matter Mr. Furman's economic skills.

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