Mlg's Reviews > Confidence Men: Wall Street, Washington, and the Education of a President

Confidence Men by Ron Suskind
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Oct 20, 11

bookshelves: non-fiction

Interesting book on the first two years of the Obama administration. After reading this book, you get the impression that there is a disconnect between the Obama who ran for office and his core principles and the one who now governs. The worst mistake that Obama made was putting Geithner and Summers in as advisors instead of Paul Volcker. Volcker would have regulated Wall St. the way it needed to be regulated. Instead, Summers and Geithner served as Wall St. plants inside the administration, thwarting real reform from taking place. Rahm Emanuel, Chris Dodd and Matt Baucus also emerge as bad influences. Emanuel seems like a misogynist who sought to control Obama. Dodd kept the Dodd-Frank bill from having any real regulatory teeth and Baucus cut deals with big Pharma and the insurance companies to make sure that drugs weren't purchased cheaply and there would be no public option. At times, Obama emerges as more as a spectator than a participant. If nothing else, he certainly has issues with choosing good staff to advise him.
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10/17/2011
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