A few weeks ago, going into the Wisconsin recall elections, there were rumors that Tim Geithner would resign.
That's not going to be true now. So Barack Obama is going to go into a re-election campaign running what John Hempton astutely described as "the cravenly pro-finance Obama administration."
Not pro-economy: that would involve employment and GDP growth, neither of which has been happening for so long that Sensible Centrist Brad DeLong is sounding more and more and more like me.
The center isn't holding.
Friday, August 26, 2011
On the Craven Obama Administration
Angry Bear is angry: