Valin Posted January 24, 2012 Share Posted January 24, 2012 The Enterprise Blog: James PethokoukisJanuary 23, 2012A lengthy piece in The New Yorker looks at policymaking in the Obama White House. A key source for writer Ryan Lizza is a 57-page, “Sensitive & Confidential” memo written by economist Larry Summers—eventually to be head of Obama’s National Economic Council—to Obama in December 2008. Here’s some of what I learned about Team Obama’s thinking as the financial crisis was exploding, followed by quotes from the memo itself:1. The stimulus was about implementing the Obama agenda.The short-run economic imperative was to identify as many campaign promises or high priority items that would spend out quickly and be inherently temporary. … The stimulus package is a key tool for advancing clean energy goals and fulfilling a number of campaign commitments. (Snip)It just gets better...or worse depending on your view. Link to comment Share on other sites More sharing options...
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