6 thoughts on “The Goldman Sachs Wing of the Democratic Party”

  1. Who’s to say there isn’t room under that mammoth Status O bus for Geithner after unemployment and other indicators still aren’t up to snuff for his re-election effort? Of any cabinet member, Geithner has the best chance of getting the early hook.

  2. Eddie,

    I really hope so. I hope that Obama has the situational awareness of, say, Bush after he dismissed Rumsfeld.

    I doubt it. I fear Clinton or Gates will depart first. Obama is disinterested in world politics, but deeply concerned about ensuring equality of outcomes for his supporters.

    The political news is disheartening… another backdoor Wall Street/Union bailout [1]

    I fear in order to “lower the risk of deflation” [2] (that is, purposefully attempt to deflate some fraction of our debt away), Obama’s quite willing to divert attention from State and Defense.

    I hope I am wrong.

    [1] http://www.calculatedriskblog.com/2009/11/congress-votes-for-housing-tax-credit.html
    [2] http://thomaspmbarnett.com/weblog/2009/11/wolf_brilliant_on_the_dollar.html

  3. Situational awareness of Bush!? It’s well documented that Bush twice refused Rumsfeld’s early attempts to resign after the Abu Ghraib photos became public. He only accepted Rumsfeld’s resignation after the 2006 midterm election results were in -when public outrage was expressed in a dramatic and tangible way.

    I agree with Eddie, of anyone in the Cabinet, Geithner will be the first to go. And although the Wall St. relationships are very troubling, I see no evidence that would lead me to believe that Obama is “disinterested in world politics.”

  4. Tim,

    Thanks for the comment.

    I agree that Bush his party’s recognized electoral as a result of Rumsfeld’s failures, and that he did not see this before the electoral defeat.

    I hope Obama has the same situational awareness, and is able to recognize the party’s route in the same way.

    I don’t know why you put Obama’s disintersest in world politics in scare quotes. A President cannot care equally about everything. In Obama’s case, he does not care about the outcome of politics on a world stage. [1]

    [1] http://www.tdaxp.com/archive/2009/09/21/open-thread-xix.html/comment-page-1#comment-324402

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