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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-10-12 12:54 AM
Original message
Obama Names OMB’s Lew as Chief of Staff
Source: Bloomberg News

Obama Names OMB’s Lew as Chief of Staff

By Mike Dorning - Jan 10, 2012 12:01 AM ET

<snip>

Daley’s resignation a year after taking the job is a “not inevitable but logical consequence” of Obama’s movement since September toward confrontation with Congress, said William Galston, who was a domestic policy adviser to former President Bill Clinton.

Jacob Lew, currently director of the Office of Management and Budget, will succeed Daley once he has completed work on the administration’s fiscal 2013 budget proposal, due to be delivered to Congress during the first week of February.

Obama turned to Daley, a former JPMorgan Chase & Co. executive and U.S. commerce secretary, in January 2011 as the president sought to improve relations with U.S. businesses and congressional Republicans following the 2010 midterm elections in which Democrats lost their House majority and saw their margin in the Senate shrink.

He was a central player in Obama’s failed attempt to reach a long-term budget deal with Republicans last July. The president’s job approval ratings plunged after the August standoff on the debt ceiling that brought the nation to the brink of default. Congressional Democrats criticized Daley for concessions such as Medicare cuts the White House offered in its attempts to achieve a grand bargain.

Read more: http://www.bloomberg.com/news/2012-01-09/obama-names-om...



Lawrence O'Donnell commented this was a news dump, given that media is wrapped up in the NH primary. Not sure that's true.

Jacob Lew's wiki

http://en.wikipedia.org/wiki/Jacob_Lew
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Divine Discontent Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-10-12 02:36 AM
Response to Original message
1. its an interesting turn of events. I'm hoping someone
has got his ear and told him if he's to lose his job, then go out a fighter for the people. Maybe Michelle is really opening his eyes to things, or he's realizing there's a reason he's lost a lot of support from millions who voted for him. And before any 3'ers throw stats and polls at me, every week or two I talk to someone new about politics and they say how they are disappointed in Obama after being so excited. I believe that's at least half of Democrats even though nearly all of us would vote for O again over any rethug.
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dtexdem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-10-12 10:32 AM
Response to Reply #1
6. You sum up the Obama question clearly and accurately.
He's preferable to the clown show, but he has been a major disappointment: I keep saying that in 2008, I wanted the community organizer, but we got the corporate lawyer.
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Divine Discontent Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-10-12 12:02 PM
Response to Reply #6
7. TY. and that's a good line that you unfortunately had to came up with!
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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-10-12 04:43 PM
Response to Reply #6
9. We never heard about the corporate lawyer. only the constitutional/voting rightslawyer.
It was as though his legal career was simply community organizer with a Harvard law degree.
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rosesaylavee Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-10-12 07:46 AM
Response to Original message
2. From the wiki link, he sounds like a liberal...
Dare we hope?
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Lasher Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-10-12 08:50 AM
Response to Original message
3. Citigroup toadie.
In June 2006, Lew was named chief operating officer of Citigroup's Alternative Investments unit, a proprietary trading group. The unit he oversaw invested in a hedge fund "that bet on the housing market to collapse."

http://en.wikipedia.org/wiki/Jacob_Lew#Between_Clinton_...
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vi5 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-10-12 10:02 AM
Response to Reply #3
4. Wow. Big surprise. n/t
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Divine Discontent Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-10-12 12:04 PM
Response to Reply #3
8. yeah. disturbing how these people keep crawling next to Obama
we can only hope he's employed so that they're able to watch them better, but that's me dreaming...
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dtexdem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-10-12 10:30 AM
Response to Original message
5. Well, a small good turn.
But that journey starts with that single step.
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