Word: presidental
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It's also no coincidence that the President made his announcement while standing next to the unlikeliest populist advocate for financial reform, 82-year-old former Federal Reserve chairman Paul Volcker, a previously marginalized Obama adviser who had chastised the Administration for making insufficient efforts to limit the size and...
In fact, while Volcker did have some policy disagreements with Geithner and National Economic Council chairman Larry Summers - who were not eager to dismantle large banks and did not see how proprietary trading contributed to the crisis - those ideas had support from White House economists like Christina Romer and Austan...
Stand-up comics call it a "tough crowd," but then tough crowds are part of their business. It's a whole other matter to be met with cold stares when you are the President of the United States, talking in prime time before a joint session of Congress, when your...
President Obama spoke the first 676 words of his State of the Union address on Wednesday night before the first hand clap. His tone was so somber, and the room's mood so grave, that no one moved when Obama said, "We must answer history's call." There were no...
So it went all night for the President, who a year ago came before the same body to announce, "Now is the time to act boldly and wisely." That bold wisdom has, in the course of a year, been transformed into a much more qualified vision of something short of...