Peter Orszag, Bureaucrat - Our Future is in Good Hands

Peter Richard Orszag is currently the 37th Director of the Office of Management and Budget under President Barack Obama, the largest office within the Executive Office of the President of the United States (EOP). Full Resume HERE.

Peter Orszag was the seventh director of the CBO serving from January 18, 2007 to November 25, 2008. The Speaker of the House of Representatives and the President pro tempore of the Senate jointly appoint the CBO Director. He was appointed to the position of CBO director by Democrat Nancy Pelosi and Republican Ted Stevens each in their second full week of holding appointing office.

Peter Orszag's Resume Highlights-
- Adviser, Central Bank of Iceland -- Before the Crash of 2008
- Adviser, Rahm Emanuel and Bill Clinton on the disastrous NAFTA bill that devastated U.S. manufacturing

• Staff Economist, Council of Economic Advisers, August 1993–July 1994. Areas of
concentration included international macroeconomics, international trade, and the reform
process in the former Soviet Union.
• Economic Adviser, Macroeconomic and Fiscal Unit (Ministry of Finance, Russian
Government), January 1993–August 1993. Assisted the Russian Government in its
negotiations with the International Monetary Fund.
• Research Officer, Centre for Economic Performance, September 1992–August 1993. Wrote
Russian Economic Trends, the quarterly report of the Russian Government.

The following excerpt is from Who Runs the Obama White House? by Christopher Bollyn-

WHO IS PETER ORSZAG?- One of the key players in the Obama administration's $900 billion economic stimulus package is Obama's new budget director Peter R. Orszag. The forty-year-old Orszag is the director of the Office of Management and Budget, the arm of the White House responsible for crafting the federal budget and overseeing the effectiveness of federal programs. He worked closely with Rahm Emanuel in the Clinton administration - when the disastrous NAFTA legislation was passed - and was one of the first Obama appointees to be approved.

"In the coming years, no bureaucrat will be as decisive as Peter Orszag," Ezra Klein wrote recently in The American Prospect. So, who is Peter Richard Orszag and what kind of decisions will he make with the budget he controls? Based on his background one would be well advised to prepare for a financial train wreck.