On Sunday, the New Yorker had a piece on the president’s economic team: Peter Orszag, Christina Romer, Larry Summers, Timothy Geithner, and Jared Bernstein. And yet, the article mainly focuses on Summers. It also spends a lot of words talking about how the guy is tired and drinks many Diet Cokes and how they don’t help because he is very tired.
Here is somewhat of an encouraging quote from the article:
He also took exception to the idea, voiced by several people in the meeting, that intervening in manufacturing was as imperative as stabilizing the financial industry. “Manufacturing is very special,” he said, “but I promise you that the people involved in energy production think that it’s kind of special. I promise you that there are a lot of people involved in various kinds of retail activities who think they have a crucial role in the economy, and they’re right.”
At least Summers understands how interest groups work. Yet, it doesn’t mean that politics still isn’t stronger and won’t get its way all of time.
Read it here. I thought it was very disappointing, especially compared to this New York Magazine piece from a few months ago.






Comments