April 01, 2009
Well, that wore off fast. When Barack Obama strode into town in January, he brought with him a great wave of idealism. Inspired by the president and his "call to service," America's best and brightest mused aloud in their faculty lounges, law office suites, and investment banks about how they would gladly sacrifice their financial interests to serve their country. Flash forward to early spring. Large blocks of government offices sit unfilled and critical jobs--those involved in managing the global economy, for example--go unperformed.
Orrin Hatch, health care reform's stealth champion?
Free Larry Summers
Why the White House needs to unshackle its economic oracle.
Back in October, not long after Lehman Brothers collapsed and triggered a meltdown on Wall Street, one of the hottest e-mail forwards making the rounds among finance types was a letter by Andrew Lahde, a hedge-fund manager who had posted eye-popping 866 percent returns in 2008 by betting on increases in U.S. subprime mortgage defaults.
You could almost hear the international sigh of relief that greeted President Obama's videotaped message to Iran last week. After eight years of bluster and threats, an American president civilly addressed both Iran's people and its leaders; he spoke of mutual respect, of Iran's role in making the world "a better and more beautiful place," of "shared hopes" and "common dreams." The buzz among ordinary Iranians inside and outside Iran was overwhelmingly positive. But I couldn't help but think of an instant message I received from a young journalist in Iran the day Obama was elected.
In early January, most of Barack Obama's senior staff assembled with the president-elect for a meeting inside a windowless, eighth-floor office at the transition headquarters in Washington. It was a pivotal moment in Obama's transformation from candidate to commander-in-chief. Obama's advisers had taken all of his campaign pledges, factored in his promise to reduce the deficit, and put together a provisional blueprint for governing.
Some time later this month or early in the next one, our long national nightmare will come to an end: Al Franken will be seated as U.S. Senator from Minnesota. That, at least, would seem to be the upshot from yesterday's decision by a three-judge panel in Minneosta to reconsider, at most, 400 ballots from Franken's contested election over Norm Coleman.
Obama And The Halo Effect
So I'm reading over this White House blog item about Monday's auto-industry announcement and I can't stop wondering where I've seen this image before: And then it hits me--our January 30, 2008 issue, of course: Who was it who said life imitates cover art? (And does Obama realize his White House photographer is taking cues from TNR?) --Noam Scheiber
Several weeks ago, I wrote a feature in TNR that described POLITICO's hyper-caffeinated approach to political reporting. This morning, Politico editor-in-chief John Harris and Executive Editor Jim VandehHei sent a memo to their staff instructing them to be calling and emailing sources at 5am and 6am to post stories at sunrise. "Going forward, we expect POLITICO reporters to "Win the Dawn." Each of you should be focused on working your beats in order to file some kind of story that is ready for posting by no later than 6 a.m. each morning," Harris and VandeHei wrote.
A Bad Bank Approach For Gm?
The Times has an interesting piece about what the government has in store for GM: The administration appears to be drawing in part from a playbook used with troubled banks, with the goal of creating a new, healthier G.M. but leaving behind its liabilities and less valuable assets, perhaps for liquidation. More often referred as the “good bank-bad bank” model, the approach can infuriate those with claims against the bad bank. Under a plan being worked out by the administration, G.M. would file for bankruptcy, according to people briefed on the matter.