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Obama chooses JPMorgan exec. William Daley as new chief of staff

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JPMorgan Chase & Co. executive and former commerce secretary William Daley was chosen Thursday to be President Obama’s new White House chief of staff, according to published reports.

Sixty-two year old Daley is brother of outgoing Chicago major Richard Daley and has close ties to former White House chief of staff Rahm Emanuel and outgoing White House senior adviser David Axelrod. He will be replacing interim chief of staff Peter Rouse.

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Rouse stepped in when Obama’s first chief of staff, Rahm Emanuel, decided to run for mayor of Chicago.

“Bill Daley is a man of stature and extraordinary experience in government, business, trade negotiations, and global affairs,” Chamber of Commerce CEO Tom Donohue said. “He’s an accomplished manager and strong leader. We look forward to working with him to accelerate our recovery, grow the economy, create jobs, and tackle America’s global challenges.”

Daley serves on JPMorgan’s Executive Committee in charge of Corporate Responsibility and is a board member of the pharmaceutical company Merck.

He was also US Secretary of Commerce during the Clinton administration, where he helped shape the North American Free Trade Agreement (NAFTA) and worked on trade relations with China. He’s currently a board member at the centrist Democratic think tank “Third Way.”

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Daley joined JPMorgan in 2004 as Midwest Chairman, and in 2007 began to lead the firm’s efforts in corporate social responsibility.

Tapping a corporate executive for the key position at a time when the nation is focused on the economy would cast the president as a business-friendly centrist, serving as an olive branch to conservative critics while inevitably irritating his progressive base.

Some liberal Democrats complain that the White House is too cozy with business, arguing that corporate special interests have held undue influence over the outcomes of key initiatives such as health care and financial reform.

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“This was a real mistake by the White House,” Adam Green, the co-founder of the Progressive Change Campaign Committee, said. “Bill Daley consistently urges the Democratic Party to pursue a corporate agenda that alienates both Independent and Democratic voters. If President Obama listens to that kind of political advice from Bill Daley, Democrats will suffer a disastrous 2012.”

The Obama administration has been in the midst of a staff shake-up in recent weeks.

President Obama’s new senior adviser David Plouffe starts work Monday, replacing David Axelrod. Press secretary Robert Gibbs also announced Wednesday that he would be leaving his position in early February.

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Despite leaving the White House, Axelrod and Gibbs said they both plan to help with Obama’s re-election campaign in 2012.

Obama will hold a press conference at 2:30 pm EST to announce his decision. Raw Story will have the video embedded in this story shortly thereafter.

This video is from Fox News’ America Live, broadcast Jan. 6, 2010.

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Watch this video on iPhone/iPad

With prior reporting by Sahil Kapur


Report typos and corrections to: [email protected].
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‘Anyone who tried to impact outcome of election should spend life in jail’: Lewandowski

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On Tuesday, Donald Trump's former campaign manager, Corey Lewandowski, testified before the House Judiciary Committee. Lewandowski's appearance before Congress was significant because Donald Trump reportedly told him to tell Jeff Sessions to limit the scope of Mueller's Russia probe.

Lewandowski was defiant in his opening statement, slamming the investigation as biased and knocking Hillary Clinton. He also declared that any entity that tried to meddle in a U.S. election should be in prison.

He said that he handled as many as a thousand emails. "And unlike Hillary Clinton, I don't think I ever deleted any of those," Lewandowski said. "Many of them were either responded to with one-word answers or floated to other staff for additional follow-up. But throughout it all, and to the best of my recollection, I don't recall ever having any conversations with foreign entities, let alone any who were operating to manipulate the outcome of an election."

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‘Ranting toddler’ Doug Collins gets clobbered online after he turns Lewandowski hearing into a ‘clown show’

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Rep. Doug Collins (R-GA), the ranking Republican member on the House Judiciary Committee, was brutally mocked on Tuesday after he unleashed a bizarre rant during the testimony of former Trump campaign manager Corey Lewandowski.

Collins began his testimony by blasting Chairman Jerry Nadler (D-NY) for hauling Lewandowski before the committee.

"Here we go again," Collins complained in an animated opening statement. "We had Mr. Mueller here, and long day, and it did not go well for what you have proclaimed for over one year and nine months, and what you claim is impeachment criteria. And now, the members have said that the president should be impeached, and so why are we investigating?"

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American neo-Nazis now see 9/11 mastermind Osama Bin Laden as a role model: report

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A new report from Vice claims that white supremacist organizations are increasingly viewing Osama Bin Laden, the late mastermind of the 9/11 terrorist attacks, as a role model whose actions can influence the future of their movement.

The report finds that neo-Nazi group Atomwaffen Division has recently started using Bin Laden's image in its propaganda while also promoting Islamist extremists' willingness to commit mass murder in the name of their religion as something that should be inspiring to American white nationalists.

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