Confidence Men

Discussion in 'Economics' started by nitro, Sep 20, 2011.

Should Obama retool his staff?

  1. Yes. These people have let him down.

    3 vote(s)
  2. No. These people tried their hardest - these are extremely difficult times.

    0 vote(s)
  3. I don't know.

    1 vote(s)
  4. I don't care.

    0 vote(s)
  1. nitro


    The hidden history of Wall Street and the White House comes down to a single, powerful, quintessentially American concept: confidence. Both centers of power, tapping brazen innovations over the past three decades, learned how to manufacture it.

    Until August 2007, when that confidence finally began to crumble.

    In this gripping and brilliantly reported book, Ron Suskind tells the story of what happened next, as Wall Street struggled to save itself while a man with little experience and soaring rhetoric emerged from obscurity to usher in “a new era of responsibility.” It is a story that follows the journey of Barack Obama, who rose as the country fell, and offers the first full portrait of his tumultuous presidency.

    Wall Street found that straying from long-standing principles of transparency, accountability, and fair dealing opened a path to stunning profits. Obama’s determination to reverse that trend was essential to his ascendance, especially when Wall Street collapsed during the fall of an election year and the two candidates could audition for the presidency by responding to a national crisis. But as he stood on the stage in Grant Park, a shudder went through Barack Obama. He would now have to command Washington, tame New York, and rescue the economy in the first real management job of his life.

    The new president surrounded himself with a team of seasoned players—like Rahm Emanuel, Larry Summers, and Tim Geithner—who had served a different president in a different time. As the nation’s crises deepened, Obama’s deputies often ignored the president’s decisions—“to protect him from himself”—while they fought to seize control of a rudderless White House. Bitter disputes—between men and women, policy and politics—ruled the day. The result was an administration that found itself overtaken by events as, year to year, Obama struggled to grow into the world’s toughest job and, in desperation, take control of his own administration.

    Pulitzer Prize–winning journalist Ron Suskind introduces readers to an ensemble cast, from the titans of high finance to a new generation of reformers, from petulant congressmen and acerbic lobbyists to a tight circle of White House advisers—and, ultimately, to the president himself, as you’ve never before seen him. Based on hundreds of interviews and filled with piercing insights and startling disclosures, Confidence Men brings into focus the collusion and conflict between the nation’s two capitals—New York and Washington, one of private gain, the other of public purpose—in defining confidence and, thereby, charting America’s future.

    Is it time to panic?
  2. Max E.

    Max E.

    You left out the poll option for "Obama should resign immediately" There is nothing new here, these people are just confirming what we have known all along, that Obama is a terrible leader who has no frigging clue what he is doing.
  3. Obama is an adolescent. He listens to his peers and dismisses those who know better.

    His own party is standing behind him and egging on the retarded kid, do this do that. When the shtf, his party retreats.

    (Most recently, the Buffett tax, wtf is that?)
  4. I disagree. The Buffet tax is the one sane thing that Obama is doing: it's a democratic policy. All of Obama's policies so far have been Republican ones. Lower taxes on rich, give free medicare to seniors, wage war in libya, trillion dollar stiumulus bill for jobs. All those are crazy antics we would expect of Bush 3, not Obama.

    I would say Obama was insane, but finally is starting to become sane.
  5. One proposal I haven't heard regarding the Buffett rule. If he pays less tax than his secretary, why not lower his secretary's tax?