OBAMA'S ECONOMIC TEAM LOOKS LIKE A WHO'S WHO OF CORRUPT WALL STREET FIRMS AND GSE'S (FANNIE MAE AND FREDDIE MAC)

BLOOMBERG VIA HOT AIR:

Jonathan Weil notes that more than one of them have ties to corporate scandals, Fannie Mae, and Freddie Mac. For a candidate who promised change and hope, this looks very much like the same old incompetence and corruption:

Take a good look at some of the 17 people our nation’s president-elect chose last week for his Transition Economic Advisory Board. And then try saying with a straight face that these are the leaders who should be advising him on how to navigate through the worst financial crisis in modern history.

All of them have accounting scandals in their past, which doesn’t square with Obama’s promise to end the supposed cronyism and greed on which he blamed the current financial crisis.

Weil calls on Obama to scrap his board entirely and start from scratch. Perhaps he might do so, after seeing how damaging Jim Johnson’s past was during his campaign and unhesitatingly tossing the former Fannie Mae chair under the bus last spring. If not, this looks like a Who’s Who of the kind of villains Obama painted in his vapid populist rhetoric over the last two years — which says volumes about his commitment to the ideals he espoused as a presidential candidate.

• OBAMA IS A PRODUCT OF THE CHICAGO MACHINE: THOROUGHLY LIBERAL AND TOTALLY CROOKED.

• WORSE THAN A LIMOUSINE LIBERAL - OR A RANGEL RADICAL; OBAMA'S A BREZHNEV SOCIALIST.

• ALL THE MORE REASON WE SHOULD BE SUPPORTING TAX CUTS FOR ALL INSTEAD OF BAILOUTS FOR SOME.

• AND WHY WE MUST ALWAYS SUPPORT THE SMALLEST GOVERNMENT POSSIBLE: POLITICIANS LOVE TO SPEND PUT MONEY AND BECAUSE IT'S NOT THEIRS. THEY SPEND IT CROOKEDLY.

BECAUSE OF THIS AND OBAMA'S "FUNDRAISING"... WE NEED A SPECIAL PROSECUTOR AND WE NEED HER NOW!