Timothy Geithner

June 30, 2011

Ramesh Ponnuru says I went too far Bill Clinton: “you can’t balance the budget in a busted economy.” Ideas may not be are all that important, but Mark Schmitt says there are some good ones in the Breakthrough Journal. Timothy Geithner on why prioritizing government obligations is risky. The IMF thinks we are in for years of sluggish growth

Morning Links
June 27, 2011

- Citing low participation, Google announced Friday that it will discontinue its online personal health records service, Google Health, beginning in 2012. - Physician and health policy expert Robert Berenson outlines small steps Congress can take to cut Medicare costs now. “It’s about identifying areas where the program is being abused and going after them,” Berenson says. - Treasury Secretary Timothy Geithner participated Friday in a lecture series at Dartmouth, his alma mater.

Tim Geithner: Why He’s Hurting the Economy and Obama
June 08, 2011

Secretary of the Treasury Timothy Geithner deserves some of the blame for the administration’s political problems during its first two years and for the weakness of financial reform. In 2009, Geithner argued against the administration throwing the full weight of the law against those banks and bankers, and related institutions, that had committed fraud. Doing so would have erased or at least countered the impression that the Obama administration was a tool of Wall Street.

The Escape Artist
February 10, 2011

How Timothy Geithner survived.

Rating Obama
January 08, 2011

Almost exactly three years ago, as the battle between Barack Obama and Hillary Clinton was splitting the Democratic Party in half, we asked a group of eggheads and eminences—mostly liberals—to write short essays for the magazine announcing who they would support in the 2008 election. Now, with President Obama’s popularity suffering and many of his supporters expressing frustration with his administration, we thought it would be worthwhile to return to the same group and ask: Do they stand by their endorsements from three years ago?

Loose Change
December 08, 2010

Of all the historical analogies urged on Obama following November’s drubbing—Truman in ’48, Reagan after ’82, Clinton after ’94—the one the White House has opted for is easily the most obscure. That would be Patrick in ’10—as in Deval Patrick, the recently re-elected governor of Massachusetts. Months after Patrick signed the state’s first sales-tax hike in 33 years, political chatterers gave him little chance of surviving to a second term.

Way Too Big To Fail
November 07, 2010

There were many factors that led us to the financial crisis of 2008—dangerous derivatives, irresponsible ratings agencies, negligent regulators—but one was more important than the rest. We now know it as the “too big to fail” problem. What brought the economy to the edge of disaster wasn’t only that financial institutions had made rash bets on lousy investments, but that those institutions were so massive that when their bets went bad, they threatened to take the rest of the economy down with them.

What’s Eating David Axelrod?
September 27, 2010

Among the many distinctions David Axelrod has achieved in his career, there is one that requires special elaboration: He is, it turns out, one of the few customers to have ever run a tab at Manny’s, the Chicago cafeteria and deli. This is not because the odd knish ($4.25) or side of potato chips ($0.75) threatened to leave him cash-poor. It is, rather, because Axelrod has long styled himself someone who accumulates wisdom at places regular people frequent, not the lacquered haunts of downtown Washington. What the Oval Room is to Beltway consultant-dom, Manny’s is to Axelrod.

Executive Indecision
September 10, 2010

White House senior adviser Valerie Jarrett would like to make one thing exceedingly clear: The Obama administration is not bad for business. No way. No how. Not one little bit. “We are not anti-business,” the president’s chief liaison to the business community stresses to me over the phone one afternoon in late July, an edge of frustration ruffling her usually calm-as-cream voice.

Goodbye to Berlin
August 30, 2010

In early February, the top financial officials of seven major industrialized countries gathered in Canada to mull the state of the world economy. To grease their interactions, the Canadians had created an intimate setting in Iqaluit, an Inuit town near the Arctic Circle. A planning document waxed on about fireside chats at a cozy inn and decreed that the attire would be casual.