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Jerry Brown names a jobs czar

By Josh Richman
Wednesday, August 17th, 2011 at 11:55 am in economy, Jerry Brown.

Former bank and investment executive Michael Rossi is Gov. Jerry Brown’s new senior jobs advisor, the governor announced this morning.

Rossi, 67, of Pebble Beach, will be the point of contact between California’s business and workforce leaders and Brown’s administration, charged with streamlining and kickstarting the state’s economic development infrastructure. He’ll also advise Brown on regulatory, legislative and executive actions needed to drive job growth.

The conservative-leaning CalWatchdog.com has posted an article relating Rossi’s links to banking institutions that sought public bailouts.

Rossi from 2005 to 2008 was as an advisor and senior member of the operations team at Cerberus Capital Management L.P. and as chairman and CEO of Aozora Bank, taking it public in November 2006. From 2007 to 2008 he also served as chairman of GMAC Residential Capital LLC.

Rossi was retired from the private sector from 1997 to 2005; earlier, he was vice chairman and chief risk officer of BankAmerica Corp. and chaired its Fiduciary and Investment Policy Committee from 1993 to 1997. Earlier yet, served as BankAmerica’s chief credit officer and held other various executive positions at the company.

He now sits on the advisory boards of Shorenstein Properties LLC; the Court Appointed Special Advocates of Monterey County; Special Olympics Committee of Northern California; and Claremont Graduate University. He’s also a senior advisor to the San Francisco 49ers.

Rossi, a Democrat, holds a Bachelor’s degree from the University of California, Berkeley. The appointment does not require Senate confirmation, and he’ll serve without pay.

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  • Elwood

    Jerry Brown names a jobs czar

    Oh, goodie!

    That’ll make everything all better I’m sure!

  • RR, Senile Columnist

    I thought Jerry was chosen to be Czar of all Californias!

  • http://n/a Tom Benigno

    Just a suggestion he should have picked Bill Bennet, he owns a large Job Finders company in New York that goes all over the world.

  • John W

    Oh ye cynics! It’s working already. One new job created.

    He needs to borrow some ideas from Texas Miracle job creator Rick Perry. Works like this.

    You find ways to lure employers and jobs away from other states and then claim you created 37% of all new U.S. jobs from June 2009 – June 2011. Credit where due. Guvs are supposed to do that. But shifting an existing or prospective job from one state to another does not create one net new job in the U.S.

    You take credit for jobs when the Defense Department doubles the size of Fort Bliss, including all the military and civilian and ripple effect jobs.

    You take credit for “jobs created” due to population growth, even though your unemployment rate is barely less than the national rate and substandard compared to other energy boom states like North Dakota.

    You take credit for the jobs and population crossing the border into El Paso due to the drug gang violence on the other side, while telling everybody how much we need to control the borders.

    You help fuel the violence on the other side that drives jobs to your side by being the primary port of entry (El Paso) for drugs and go easy on high volume weapons sales by the gun dealer industry along the Texas border (one out of 6 gun dealers in the U.S.).

  • Elwood

    @ #4

    Did you forget anything?

    I hear that Perry is also unkind to puppies.

    You can always make **** up.

    However the desperate libs choose to denigrate his record, it’s still a better record of accomplishment than such “leaders” as O’bummer and Gov. Moonbeam.

  • Elwood

    I’m sorry.

    Old habits die hard.

    He’s reincarnated as Gov. Sunbeam!

  • John W

    Re: #5

    I don’t know about shooting puppies, but he packs a laser-aimed gun and shot a coyote while jogging.

    I’m sure the good, bad and ugly on Perry’s real economic record will come out as he gets vetted. However, everything I noted is factual. Take away from his 276 thousand jobs the immigration-driven population boom in El Paso, the expansion construction and new military/civilian jobs at Fort Bliss, the energy jobs due to high oil prices and the jobs lured from other states, I suspect his state’s impact on net new jobs in the U.S. economy is about zilch. You can’t count existing jobs lured from other states as part of the nationwide new jobs statistics. Oh, and there is that California-style $27 billion budget defict in Texas.

    Other than his exaggerated claims, it’s not his economic record that is of concern. It’s his on-the-record statements in his book and interviews: SS, Medicare and Medicaid are unconstitutional and should be done by the states. The 16th Amendment should be repealed. The policies of the Fed Chairman appointed by Bush (Perry’s predecessor as guv) amount to treason. He also says presidents should have military experience. That includes him and Ron Paul but leaves out Romney, Bachmann, Cain, Gingrich, Paul Ryan, Chris Christie, Sarah Palin etc. and all but the 25 million or so of us (less than 10% of the population) who ever served. Have to admit, though, his Air Force experience is authentic, not the attendance-optional Texas Air National Guard.

  • Publius

    #4 and #7

    A job is a job. You minimize Texas because you are Left Wing Dem. You can echo the Dem talking points from the New York times all you want.Though I am not a big Perry supporter. The fact is Texas grew jobs. Texas stole 8 fortune 500 companies from California.I don’t know about you, but that makes me upset. The Dems who run this state need to understand how to attract and retain business, not run it out of town. Businesses are fleeing this state and still our politicians want tax, regulate and demonize the evil business owners. The list of companies that have bailed out of Ca.is massive.

    This article says it all. Our Governor has to hire someone to create jobs. The Dems don’t have a clue how it works, they can’t figure it out. They are so baffled they need to hire someone. Say what you want about Perry, he didn’t have a Job Czar. You can have your philosophy and ideology, I want JOBS!

  • Elwood

    O’BUMMER TO SOLVE UNEMPLOYMENT–RIGHT AFTER HE GETS BACK FROM VACATION

    http://tinyurl.com/3llxtmt

  • John W

    Re: #8

    First, “left wing Dem” hardly characterizes my views. If you had read any of my posts on public employee unions or California’s dysfunctional tax system, for example, you would know that. I’m a proud lefty on social issues, a pragmatic centrist on other issues and believe in fiscal discipline (but not the Tea Party version of discipline).

    “A job is a job” is an accurate statement from a Texas perspective. I already gave credit to Texas for stealing jobs from CA and am indeed unhappy that CA can’t get it’s act together on that.

    I don’t know how many of the 276,000 new jobs were shifted from other states; only that Rick Perry likes to brag about his success in taking jobs from CA and other states. But let’s say it was 100,000 of the 276,000. Let’s say the national economy created 750,000 new jobs in the same time period (net of public sector layoffs). You can’t then claim that Texas created 37% (276,000) of the 750,000, because 100,000 of those were not new jobs to the national economy. Got it?

  • John W

    Re: #9

    Elwood, I’d expect you to be pleased that Obama is on vacation, since you believe everything he does or proposes to do only makes things worse.

    FDR spend lots of time in Warm Springs and still managed to do a pretty good job on that WW2 thing. Reagan and Bush took more vacations than Obama, including during difficult times. I remember one long weekend when Obama was criticized for skipping town to visit tornado victims in Alabama (obviously political), to give a college commencement speech in Florida and then rush back to D.C. to crack jokes at the White House Correspondents dinner. Then, to cap it all off, he played golf the next morning. A few hours later, Bin Laden’s fate was Sealed. Point being, a prez is on duty 24/7 regardless of party or geography. I didn’t think much of Reagan or Bush but not once wisecracked about their R&R absences.

  • Elwood

    @ #11

    My post was not about the number of vacation days O’bummer takes but rather the irony of the juxtaposition of his announcement of his big jobs program speech with his departure on vacation.

    Expect another phantasmagorical failure like the O’bummer stimulus.

  • John W

    Re: #12

    So he (or any other prez) should stay on campus just to avoid juxtapositional irony? Is there a more logical time to escape Foggy Bottom than when Congress is in recess and therefore not available for meetings?

    I confess that, with my limited vocabulary, I had to look it up. But the word is phantasmagorial, without the “c.” Anyway, somebody better come up with a magic trick.

  • Elwood
  • Elwood

    I’M THE SMARTEST GUY IN THE ROOM!

    http://tinyurl.com/3trhpqu

  • John W

    Much as it pains me to say so, it looks like you win on “phantasmagorical.” I initially looked it up in an older Webster’s hard copy dictionary, which listed both “phantasmagoric” and “phantasmagorial” but not “phantasmagorical” as the adjectives. Wiktionary uses my version, citing Oxford English Dictionary. However, the Oxford online dictionary uses your version, as does Merriam-Webster online. You can find online dictionary sites using both — i.e., one or the other. But most use your version. I bow in humility, but don’t let it go to your head.

  • Elwood

    @ John W

    Too late!

    http://tinyurl.com/3ooeajv

  • John W

    #17 “Too late.” By that, I assume you mean the part about not letting it go to your head.

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