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View Diary: Welcome To The Desert of The Real (31 comments)

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  •  Bingo! (3+ / 0-)
    Recommended by:
    lineatus, David Kaib, nippersdad

    Therein lies the problem. And it has a name - Geithner.

    •  Geithner is no all-star, but he's more (0+ / 0-)

      of a symptom than an underlying cause.

      Geithner didn't force Obama to hire Larry Summers or mishandle HCR.  Or unleash Jim Messina on the grassroots.

      I'll be very eager to hear what Jared Bernstein has to say about the Obama administration's lack of interest in public works programs.  

      "[R]ather high-minded, if not a bit self-referential"--The Washington Post.

      by Geekesque on Tue May 31, 2011 at 02:39:07 PM PDT

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      •  Not to let Obama off the hook (2+ / 0-)
        Recommended by:
        Geekesque, offgrid

        but, he was not and is not a financial or economics expert.He looked to his Treasury Secretary for sound counsel.

        He has never EVER received it from Geithner.

        In some ways I do absolve Obama here. Imagine the hair on fire act Geithner no doubt pulled on him. Not sure that any President could ignore it.

        It's a shame Volcker did not have more influence.

        •  President Obama had a chorus of voices (2+ / 0-)
          Recommended by:
          Armando, Seneca Doane

          He decided to listen to Summers/Geithner rather than Bernstein/Romer.

          Summers's reputation for genius continues to puzzle me.  I get that his brain capacity is quite large, but how often has he gotten it right?

          But he's exactly the kind of guy who would influence Obama--iconoclastic, provocative, gives the air of someone willing to challenge entrenched assumptions (of course he's just championing others).

          If I had to scapegoat anyone in the admin besides the President, it would be him.

          Of course, I say this with my standing disclaimer that I'm not privy to what was being communicated by the Senate and House leadership, etc etc etc, as well as the fact that I have a lawyer's grasp of economic matters.

          "[R]ather high-minded, if not a bit self-referential"--The Washington Post.

          by Geekesque on Tue May 31, 2011 at 02:53:57 PM PDT

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          •  Perhaps (2+ / 0-)
            Recommended by:
            Geekesque, Seneca Doane

            I dunno,but the reporting I have seen puts it on Geithner.

            On top of that, Geithner's record as President of the New York Fed is as damning as anything imo.

          •  Is this a departure for you? (0+ / 0-)

            I agree, but I'm a little surprised to see you say so.

            I remember Obama's dismissal of Daily Kos once he stopped participating, which I recall being along the lines of "nothing surprises him there."  That Summers would be appealing for being surprising does makes sense.  I tend, though, to think that Obama found him appealing because the thrust of his counsel is usually to take the more comfortable choice from the perspective of not stirring up the right wing.  When you know you're going to compromise, it's nice to hear someone unfailingly calling you brave and wise for doing so.

            Unplug the Koch machine! It's swallowing people's money!

            by Seneca Doane on Tue May 31, 2011 at 11:07:07 PM PDT

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            •  Not a departure for me. (1+ / 0-)
              Recommended by:
              Seneca Doane

              I tend to raise objections to the more unhinged criticisms--particularly those that echo the VRWC--but I'm not enthralled with a lot of his economic policy or his "bring people together" crapola.

              His personality resists the idea of message/party/ideological discipline and conflict.  That is a flaw that will be exploited by bad faith actors (from Republican Senators to Netanyahu) rather than building consensus.

              Indeed, he's succeeded as an insider, but utterly failed at his 'new kind of politics' theme that supposedly why he ran in the first place.

              "[R]ather high-minded, if not a bit self-referential"--The Washington Post.

              by Geekesque on Wed Jun 01, 2011 at 05:54:23 AM PDT

              [ Parent ]

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