OBAMA NAMES FORMER CLINTON OFFICIAL, JOSHUA GOTBAUM, TO TRANSITION TEAM FOR TREASURY DEPARTMENT! -- The Catbird's Forum

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Date Posted: 03:36:14 11/14/08 Fri
Author: Hawaii Ninja Catbird
Subject:

OBAMA NAMES FORMER CLINTON OFFICIAL, JOSHUA GOTBAUM, TO TRANSITION TEAM FOR TREASURY DEPARTMENT!

Uh, Oh! Here we go again?

November 14, 2008

Clinton officials to lead 3 departments' transition
New York, Nov 13, IRNA

US-Transition-The New York Times

President-elect Barack Obama on Wednesday named two former Clinton White House officials, Joshua Gotbaum and Michael J. Warren, to oversee the new administration's takeover of the Treasury Department as it manages the still-evolving $700 billion financial rescue plan.

Gotbaum, 57, the son of the New York labor leader Victor Gotbaum, worked briefly in the Carter administration before becoming a protege of the investment banker Felix G. Rohatyn at Lazard Freres & Company, The New York Times said.

He worked in the Clinton administration as an assistant secretary of defense, an assistant secretary of Treasury and controller of the Office of Management and Budget.

In a May 2001 essay for Government Executive magazine, Gotbaum reflected on the successes and limitations of bringing private-sector financial management to government programs.

"There is a debate on the standards for social insurance, national parks and other 'stewardship assets,'" he wrote.
"Here it is not at all clear that private sector standards make sense: Rather than auditing acres at Yosemite and exhibits at the Smithsonian, wouldn't resources be better used to audit cash at the Housing and Urban Development Department?"

After Sept. 11, 2001, Mr. Gotbaum ran the September 11th Fund, a charity established to help people and businesses hurt by the terrorist attacks.

He later oversaw the restructuring of the bankrupt Hawaiian Airlines.

In 2006, Gotbaum became an operating partner of the private equity firm Blue Wolf Capital Management. There, he helped restructure Platform Learning Inc., a company acquired by Blue Wolf that provides tutoring services under the No Child Left Behind program.

Warren, 41, the other leader of the Treasury review team, is a Rhodes scholar who has worked as a strategic consultant to technology and finance companies for McKinsey & Company. In the Clinton administration, he was executive director of the National Economic Council.

He is the chief operating officer of Stonebridge International, a business consulting and government relations firm co-founded by Sandy Berger, President Bill Clinton's national security adviser.

The firm's Web site says it has helped a metals manufacturer navigate Russian politics and bureaucracy, a retailer win approval for an acquisition in China and a chemical company with European safety and environmental regulations.

The Obama transition team named two more former Clinton administration officials, Thomas E. Donilon and Wendy R. Sherman, to head the transition for the State Department.

Mr. Donilon, 53, assistant secretary of state for public affairs and State Department chief of staff under Mr. Clinton, is a partner in the law and lobbying firm firm O'Melveny and Myers. He is no longer a registered lobbyist, but he worked as one until 2005 for Fannie Mae, the government-backed mortgage giant whose failure this year contributed to the financial crisis.

Donilon has worked for decades at the top levels in Democratic presidential campaigns.

Ms. Sherman, 59, was counselor for the State Department and special adviser to Mr. Clinton on North Korea. She is a principal of the Albright Group and Albright Capital Management, consulting and investment firms founded by former Secretary of State Madeleine K.
Albright.

Obama's transition team also named two Clinton officials, John P. White and Michele A. Flournoy, to oversee the takeover of the Defense Department.

Mr. White, 71, was deputy secretary of defense from 1995 to 1997 under President Clinton and assistant secretary of defense from 1977 to 1978 under President Jimmy Carter.
A former Marine lieutenant, he is a lecturer at the Kennedy School of Government at Harvard and a senior partner in Global Technology Partners, a firm founded by William J. Perry, defense secretary under Clinton that invests in military and technology companies.

Ms. Flournoy, 47, a deputy assistant secretary of defense for strategy and threat reduction in the Clinton administration, last year co- founded the nonprofit Center for a New American Security, a research organization closely associated with Obama's foreign policy team.
Last year, she helped write a paper urging a shift to "conditional engagement" in Iraq depending on the actions of the Iraqi government.

http://www2.irna.ir/en/news/view/menu-239/0811133872171638.htm

Why the "Uh, Oh"? For a million & one "Uh, Oh's," just take a gander at...

http://www.kycbs.net/CV05-00030-Witness-Gotbaum-Joshua.htm
http://www.kycbs.net/911-COVERUP.htm
http://www.kycbs.net/Hawaiian-Air.htm

...for a million and one Uh, Oh's!!!!

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Replies:

Re: OBAMA NAMES FORMER CLINTON OFFICIAL, JOSHUA GOTBAUM, TO TRANSITION TEAM FOR TREASURY DEPARTMENT! -- Bobby Harmon, 19:26:09 11/14/08 Fri