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"Hurry up and find a Treasury Secretary," was the message that CBS' Anthony Mason heard the financiers on Wall Street sending to the transition team in Chicago. "This crisis has its own timetable." CNBC, the sibling financial news cable channel of NBC, also pays close attention to Wall Street. CNBC anchor Michelle Caruso-Cabrera told NBC anchor Brian Williams that oftentimes the job of Treasury Secretary has been "a handshaking, backslapping, speechmaking kind of a job." But now Obama needs someone with "incredible intellect, impeccable judgment, in short he needs a modern-day Alexander Hamilton." Hamilton, we should remember, established national financial institutions to enshrine the privilege of east coast mercantile elites that were not dismantled until Andrew Jackson was elected.
Thus CNBC propagandizes against Jacksonian democracy and Keynesian economics in the face of "the deepest and most prolonged recession since World War II."
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