baselinescenario.com - 2/11/2009
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When you cut through the technical details and the marketing distractions, sorting out the US banking fiasco comes down to one, and only one, question. How tough are you willing to be on the people who control the country’s large banks?
One option is to be gentle with them and adopt only ...
calculatedriskblog.com - 2/15/2009
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calculatedriskblog.com —
From the WSJ: Axelrod: Obama Has 'Solid' Housing
Plan Speaking on "Fox News Sunday," senior adviser David...
Axelrod said the plan that President Barack Obama plans to announce on Wednesday will aim to provide immediate help to homeowners who are "right ...
(more)
Axelrod: Housing Plan to be Announced Wednesday
tpmcafe.talkingpointsmemo.com - 2/11/2009
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tpmcafe.talkingpointsmemo.com —
When you cut through the technical details and
the marketing distractions, sorting out the US banking fiasco...
comes down to one, and only one, question. How tough are you willing to be on the people who control the country's large banks? One option ...
(more)
Axelrod And Emanuel Were Right (On The American Bank ...
talkingpointsmemo.com - 2/13/2009
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talkingpointsmemo.com —
Simon Johnson, an econ professor at MIT and
former IMF economist, started blogging recently at TPMCafe. And...
David Kurtz interviewed him in today's episode of TPMtv. The argument Johnson makes is one that's been tossed about in a loose aphoristic way ...
(more)
The Oligarchs
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Will Obama get tough on banks?
The Swamp —
... Simon Johnson, the Massachusetts Institute of Technology economist whose Baseline Scenario blog is one of the best-read on economics, asks a key question regarding Treasury Secretary Timothy Geithner's plan to revive the credit markets. Does it adequately crack down on bankers who helped create the financial mess? The answer right now is who knows? ...
Rahm Emanuel's and David Axelrod's New Dilemma
TPMCafe —
... The President's top political counselors face the following dilemma. They want to be tough on banks because that makes sense politically and, presumably, because it fits how they - with considerable relevant experience - would like to address the deeper underlying problems in the financial system. ...
Kidnapping Chrysler
TPMCafe —
... (Of course, American oligarchs don't use guns; they use lobbying. Which is why John Snow is still chairman of Cerberus despite overseeing this catastrophic bet on the auto industry.) ...
The Tipping Point?
TPMCafe —
... The key issues throughout this crisis have been political as much as economic. In this case, the Obama administration has been taking a difficult political position - propping up financial institutions in their current form and insisting everything will be OK - when it would have been easier to play the populist card. This was by no means an inescapable choice; according to news reports in February, David Axelrod and Rahm Emmanuel were in favor of being tougher on the banks. Perhaps the AIG bonus scandal will force the administration's hand toward the decisive action that we ...
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yglesias.thinkprogress.org 2/10/2009 —
According to The New York Times the debate inside the administration turned into a controversy between economic policymakers and political operatives :
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Axelrod’s Man in the White House
rollingstone.com 11/6/2008 — Rahm Emanuel has reportedly been tapped for Obama’s Chief of Staff.
He’s undoubtedly qualified and has the enforcer mentality the job may just require. This is a serious, but decidedly un-cuddly pick.
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