According to Charles Gasparino in the New York Post:
I’m told that Treasury Secretary Tim Geithner and chief economic adviser Lawrence Summers have both complained to senior Wall Street execs that they have almost no say in major policy decisions. Obama economic counselor Paul Volcker, the former Fed chairman, is barely consulted at all on just about anything — not even issues involving the banking system, of which he is among the world’s leading authorities.
At most, the economic people and their staffs get asked to do cost analyses of Obama’s initiatives for the White House political people — who then ignore their advice.
This makes perfect sense. Barack Obama is clinging to his fantasy that ObamaCare will reduce cost, even as the CBO is claiming the opposite.
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