Should the Obamacrats be friendlier to Corporate America? Big Business has certainly amped up its kvetching of late. But it’s not Washington’s job to be pro-business and make nice with CEOs. That smells of crony capitalism and often just means rewarding big campaign contributors with government favors. The better measure of any given Washington policy is whether it respects markets.
After spending all year reforming Wall Street, it now looks like President Barack Obama wants to reassure it. At the very least Jacob Lew, the newly nominated White House budget chief, reminds investors of better days. The last time he had the job, the budget was in surplus. And as an ex-Citigroup executive, he brings needed real-world experience to Obama’s team. But while the fiscal stakes are high, his profile probably won’t be.
Washington, D.C.-based institution seeks new leadership after near-brush with death and potential future of irrelevance. Strong executive skills required to manage merger with failed rival. Banking and regulatory experience are essential. Must love consumers. Lobbyists, academics need not apply.