Timothy Geithner to stay at Treasury


Via Politico:

Treasury Secretary Timothy Geithner will stay at his post through the fall and President Barack Obama’s reelection campaign, the Treasury Department announced Sunday.

Via Paul Krugman:

You won’t be surprised to hear that I am very much in sympathy with Drew Westen’s lament about Obama’s unwillingness or inability to change the narrative. I went back to look at my own reactions to the inaugural speech; I’m sorry to say that my misgivings at the time have proved all too justified.

The one thing I might say is that we shouldn’t really wonder what happened to Obama — he is who he always was. If you paid attention to what he actually said during the primary and the election, he was always a very conventional centrist. Progressives who flocked to his campaign basically deluded themselves, mistaking style for substance. I got huge flack for saying that at the time, but it was true, and events have borne it out.

Via me:

I've been saying the same thing as Krugman just pointed out since 2007.  That said, I was a huge supporter once President Obama won the primary. I will vote for him, because the alternative is unthinkable, but I never once thought he was anyone or anything different than the president many are complaining about today. Well, except for that "look forward, not backwards" thing.

He's a good man with whom I disagree often, and also greatly appreciate in a number of ways. But there was never a doubt in my mind that he was and is a centrist.