These are the two main attractions in your American Economic Virtual Menagerie. Over here, we have the financial-services sector, represented by a large basket of writhing cobras. And over here we have your Walmart, represented by a tiny iron cage filled with rabid vampire bats. Now, if you're watching this at home on Animal Planet, you will note that Jack Lew, who used to be the director of the Office Of Management And Budget, and who now is likely to become the Secretary Of The Treasury, with a stop as White House chief-of staff along the way, comes from the first of these deadly assemblages. The new nominee to head OMB comes from the second one.
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[W]hen is someone going to point out that, in an age of widening income inequality and continuing wage-stagnation, with the game obviously rigged in Washington towards more of the same, the administration's "optics" on its economic team have been uniformly lousy almost from jump? Bob Rubin on the transition team? Geithner at Treasury? "Looking forward, and not back"? Jack Lew, and now someone hired in from Walmart, an entry that ought to get any resume 86'd by any putatively Democratic administration? It seems, alas, to be a feature, and not a bug.
Charlie Pierce
[...]
[W]hen is someone going to point out that, in an age of widening income inequality and continuing wage-stagnation, with the game obviously rigged in Washington towards more of the same, the administration's "optics" on its economic team have been uniformly lousy almost from jump? Bob Rubin on the transition team? Geithner at Treasury? "Looking forward, and not back"? Jack Lew, and now someone hired in from Walmart, an entry that ought to get any resume 86'd by any putatively Democratic administration? It seems, alas, to be a feature, and not a bug.
Charlie Pierce
...but hey, do what you want...you will anyway.
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