Thu Jan 10, 2013, 11:49 AM
Klukie (2,233 posts)
Robert Reich on the Jack Lew nomination
I worked with Jack Lew, Obama's pick for Treasury Secretary, during the Clinton administration, and recall him as a talented, self-effacing technocrat who knows the federal budget inside out -- a skilled wonk without his own agenda who'll serve the President well as the administration faces the next showdowns over the debt ceiling, sequestration, and money to keep the government going. Jack also knows politics, and can navigate the undercurrents of Capitol Hill. And apart from a short stint at Citibank in 2008 (another of Bob Rubin's boys), he's not tainted by Wall Street's myopic worldview. In other words, a solid and safe pick, which is just what Obama needs.
Check out the comments for the debate.
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Robert Reich on the Jack Lew nomination (Original post)
Response to sadbear (Reply #1)
Mon Jan 14, 2013, 05:24 PM
WhaTHellsgoingonhere (2,318 posts)
6. Thanks sadbear, but I find the comments more helpful than Reich's paragraph...
Last edited Mon Jan 14, 2013, 05:26 PM - Edit history (1)
Is Obama's Treasury Nominee A Big Bank Crony? TYT
1. Busted NYU union
2. Took a $900,000 bonus at CitiGroup after the bank got bailed out. We called them douchebags when they weren't Obama appointees.
3. Post-CitiGroup he becomes an advocate for the banks
4. Doesn't think deregulation was the cause of the financial collapse (Rubinite to the core) This guy is dangerous!
And Chris Hayes just throws Lew on the merry-go-round of banker douchbaggery at the Treasury.
3 segments, 2 30-second commercial breaks. MUST SEE for all who don't choose to stick their head in the sand and those who do.
@ 8:45 of segment 3 discusses the 2 TARP votes. That, and Obama's decision to bring in Clinton's financial advisers (the Rubinites), mark the moment Obama jumped the shark IMO. Yep, before he was even inaugurated.
Totally aside and completely unrelated...
As much as I like Reich and much of his commentary today, I don't give him a free pass due to his support for NAFTA.
Q: When you were the labor secretary to the first term of the Clinton administration, they pushed through the North American Free Trade Agreement. You were part of that administration. Was that a mistake?
We were sold "free trade" garbage by the Clinton admin/Rubinites, and Lew is a Rubinite. Even Reich says so (but he's a good Rubinite).