Obama should close down TEAB
Obama’s ‘trusted’ Transition Economic Advisory Board (TEAB) is not only irrelevant, but continuing it any further could be a major source of embarrassment for Obama. That TEAB has grossly under-performed can be seen from direct indicators – TEAB has been able to spend just about half the recovery package of $787 billion; TEAB has not given concrete steps for stemming the growing unemployment, now at 9.8%, and job losses of 4 million alone in this year; TEAB’s huge lack of focus on controlling America’s humungous deficit of $1.4 trillion is legendary. Added to that is the clear conflict of interest that some of the 17 members of TEAB have in gaining from the stimulus that they themselves have promoted – for examples, Warren Buffet (had investments in Goldman Sachs and other firms that got huge stimulus support) and Robert Rubin (Chairman of Citigroup; got $45 billion government support).
And if Obama even dreams of getting his rote against outsourcing in action, a few TEAB members will be dancing to a different tune we guess – Robert Rubin created a collection and transaction process centre in 2000, having 12,000 employees now, which has been sold to Tata Consultancy Services.
Obama’s ‘trusted’ Transition Economic Advisory Board (TEAB) is not only irrelevant, but continuing it any further could be a major source of embarrassment for Obama. That TEAB has grossly under-performed can be seen from direct indicators – TEAB has been able to spend just about half the recovery package of $787 billion; TEAB has not given concrete steps for stemming the growing unemployment, now at 9.8%, and job losses of 4 million alone in this year; TEAB’s huge lack of focus on controlling America’s humungous deficit of $1.4 trillion is legendary. Added to that is the clear conflict of interest that some of the 17 members of TEAB have in gaining from the stimulus that they themselves have promoted – for examples, Warren Buffet (had investments in Goldman Sachs and other firms that got huge stimulus support) and Robert Rubin (Chairman of Citigroup; got $45 billion government support).
And if Obama even dreams of getting his rote against outsourcing in action, a few TEAB members will be dancing to a different tune we guess – Robert Rubin created a collection and transaction process centre in 2000, having 12,000 employees now, which has been sold to Tata Consultancy Services.
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall
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IIPM’s Management Consulting Arm-Planman Consulting
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IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
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IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links
IIPM : The B-School with a Human Face
IIPM – FLP (Flexi Learning Program)
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
For More IIPM Info, Visit below mentioned IIPM articles.
2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall
Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links
IIPM : The B-School with a Human Face
IIPM – FLP (Flexi Learning Program)
