Arianna Huffington: Reports indicate that President Obama is looking to replace Larry Summers as director of the National Economic Council with a corporate CEO to mollify Wall Street. Really? At this late date in the recession and with the midterms shaping up as they are, the president can take in the economic landscape and conclude that what most needs repairing is his administration's relationship with Wall Street? How about hiring someone who would repair his relationship with the 26 million unemployed or underemployed Americans, and send the message: Help is on the way! After two years of governing a country locked in economic misery, you'd hope that Obama and his economic team would've learned that what matters isn't the economic team's resume or what "signals are sent" to Wall Street, but the actual state of the actual economy. But apparently not. Click here to read more.
Will we again grant special treatment to the financial industry by allowing them to skirt the legal procedures required for foreclosures? In the land of endless affirmative action for the rich, the smart money is on the banks.
With the Israeli-Palestinian peace talks wavering before they even begin, will Netanyahu be able to keep Lieberman as foreign minister or need to replace him with someone from the centrist Kadima party?
It was good to see Bob Herbert devote his NYT column yesterday to Paladino, reminding readers about the outrageous racist and sexist pictures and jokes he forwarded to many. The piece also reminded me that we went to college together.
Many of us will vote Democratic in November, despite many disappointments. But don't expect us to be able to rally others when the best we can say is that the Democrats and their national leader are better than the plausible alternatives.
The first Nobel Laureate to be appointed to a presidential cabinet, Steven Chu is the recipient of the 1997 Prize in Physics.
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