Word: rubins
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Dates: during 2000-2009
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Summers and Rubin became known as a formidable economic duo in the Washington Beltway...
...Rubin is famous as a listener; Larry is famous for being an idea engine. Rubin is extremely canny at interpersonal politics; Larry is a force of nature and is focused less on the niceties of personal skills. Rubin is a market guy; Larry is an economic theory guy,” Rothkopf says. “All these skill sets ended up making them the most powerful team anywhere in the United States government...
...Treasury Department was the center of gravity of the Clinton administration,” he adds, “and the center of gravity at the Treasury Department was Rubin and Summers...
While conventional wisdom holds that Rubin served purely as Summers’ mentor, Gergen contends that the relationship was in fact “a two-way street...
...Rubin explains in his autobiography, “In an Uncertain World: Tough Choices from Wall Street to Washington,” that after Clinton’s reelection he worked out a proposal to stay on as secretary for two more years, provided that Summers take his place. He reached “an agreement in principle” with the president—a confidential, but not guaranteed, deal known only to a handful of White House officials at the time...