Tuesday, October 21, 2008

Obama's economic advisor a 'big gov't' proponent

http://www.onenewsnow.com/Election2008/Default.aspx?id=293390

[OneNewsNow] 21 Oct 2008--A conservative author says one of Barack Obama's most trusted economic advisers holds internationalist views that threaten American sovereignty.

During their final presidential debate, Barack Obama rejected John McCain's claim that the Illinois senator's associations with former domestic terrorist Bill Ayers and the liberal group ACORN are troubling. Obama noted that, on economic policy, he associates with Warren Buffett and former Federal Reserve Chairman Paul Volcker. Buffet and Volcker are among the advisers that Obama says "have shaped [his] ideas and who will be surrounding [him] in the White House."

Tom Kilgannon, president of Freedom Alliance, says Volcker supports the idea of an international regulatory body overseeing America's capitalist economic system. "Paul Volcker, I think, brings a great desire to add more regulation, both domestically and internationally," Kilgannon explains. "He comes from the big government wing, and that's how he would approach issues like this -- get the government more involved."

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