Legal Commentary

Obama's Clintonesque Instincts

By Big Tent Democrat

The freakout begins:

Right now, the rumors are that Larry Summers is the choice for the Treasury Secretary post. As Dean Baker suggests, this would not be a good thing.

It would be a really bad start to his administration if President Obama picked a Treasury Secretary who shares a substantial part of the blame for the bubble economy and the financial crisis. It will not be easy to pick up the pieces and get the economy back on its feet, but we would be going in the wrong direction to put one of the people responsible for getting us in this mess in the top economic position in the Obama administration.

It would be interesting to hear Dean Baker's theory of how Larry Summers "shares a substantial part of the blame for getting us in this mess." His post does not say. And it goes without saying that Stoller does not explain it. I hope Krugman weighs in on this.

By Big Tent Democrat, speaking for me only

Full post as published by TalkLeft on November 06, 2008 (boomark / email).