Friday, November 23, 2012

"Frank Rich on the National Circus: Lessons for Obama’s New Cabinet"

Frank Rich (New York Magazine):
Much of his cabinet has performed well, so I am not sure there are a ton of lessons to be learned. My biggest concern is Treasury. To me, the biggest failure of the Obama administration has been its inability to address the malfeasance of the financial sector that inflicted so much damage on the country and largely walked away from the wreckage scot-free once America and the world plunged into the Great Recession. The president can try to improve on that record with an economic team that, unlike the departing Geithner and the departed Larry Summers, is free of Robert Rubin protégés who were complicit in the greed-fueled abuses that led to the meltdown. MORE...

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