posted on Sep, 15 2011 @ 10:29 PM
From a reputable source
- the New York Times - we hear of a new book detailing all the dissension within obama's economic team and the effects
that has had on creating and implementing the administration's economic policy.
WASHINGTON — A new book claims that President Obama’s response to the economic crisis was hampered by a White House economic staff plagued by
internal rivalries, a domineering chief adviser and a Treasury secretary who dragged his feet on enforcing decisions with which he disagreed.
The book, by Ron Suskind, a former Wall Street Journal reporter, quotes White House documents that say Mr. Obama’s decisions were routinely
“re-litigated” by the chairman of the National Economic Council, Lawrence H. Summers. Some decisions, including one to overhaul the debt-ridden
Citibank, were carried out sluggishly or not at all by a resistant Treasury secretary, Timothy F. Geithner, according to the book.
Comparing this with what we all watched with dismay from the outside, what we witnessed starts to make some sense. Doesn't mean we have to like it,
but at least we can understand the how and why of obama's economic failures.
Now the questions should be how and why could obama have let this get so far out of hand when the nation was depending on him?