Where the Crises Intersect

WHERE THE CRISES INTERSECT

"To get us out of the crises, President Obama has turned to the same coter­ie of economic advisers who got us into them. They have brought the U.S. (and world) economy and ecology to the brink of collapse. Writer Ron Suskind, in his new book “Confidence Men,” confirms that there was never any question of Obama doing things differently. Describing the then-president-elect’s choice of economic advisers, Suskind notes,

“Obama, after all, had selected for his top domestic officials two men [Lawrence Summers and Timothy Geithner] whose actions [in the Clinton Administration] had contributed to the very financial disaster they were hired to solve.”¹

"John R. MacArthur, the editor of Harper’s, also references Suskind’s book:

“These anti-reform appointments did not go unnoticed by party regulars, even though they were ignored by Obama groupies. ‘I don’t understand how you could do this,’ Suskind quotes Sen. Byron Dorgan (D.- N.D.) saying to Obama. ‘You’ve picked the wrong people!’"