Why? It's simple. Frank Rich lays it out in black and white in his column today, Slumdogs Unite!:
The new president who vowed to change Washington’s culture will have to fight much harder to keep from being co-opted by it instead. There are simply too many major players in the Obama team who are either alumni of the financial bubble’s insiders’ club or of the somnambulant governmental establishment that presided over the catastrophe.-Frank Rich
Slumdogs Unite!
Ny Times OpEd
Sunday, February 8, 2009
This is going to get ugly ... all because the major players are beholden to the global financial model that got us into this mess in the first place.
Note: I call this the British Imperialism Model or BIM ... and folks like Geithner, Summners, and Rubin (and their ilk) BIM-bos. (See The Republican's plantation mentality ... below.)
Monday, Feb 9, update: Paul Krugman writes in today's column on the NY Times OpEd page, The Destructive Center :
So has Mr. Obama learned from this experience? Early indications aren’t good.
For rather than acknowledge the failure of his political strategy and the damage to his economic strategy, the president tried to put a postpartisan happy face on the whole thing. “Democrats and Republicans came together in the Senate and responded appropriately to the urgency this moment demands,” he declared on Saturday, and “the scale and scope of this plan is right.”
No, they didn’t, and no, it isn’t.
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