Who else is just ecstatic at the possibility of Catfood Commission Erskine Bowles as Secretary of the Treasury? I know I can’t wait for the Obama Administration to start negotiations with Republicans on the deficit with the principle of eviscerating Medicare and Social Security. I’m sure that will end well! As Ezra Klein says, Bowles is “personally loved by Wall Street.” So we can also expect the necessary reforms so that 2007 never happens again!
As Dave Dayen says (see first link above):
What is the sum total of Bowles’ record? What primes him for this position? He worked at Morgan Stanley and in the corporate world his entire life until the 1990s; ran the Small Business Administration for about a year under Clinton; became chief of staff from January 1997 to October 1998, during which time he tried to broker a deal on Social Security with Newt Gingrich and would have succeeded if it weren’t for the Lewinsky affair; ran unsuccessfully twice for Senate in North Carolina; and then did Bowles-Simpson. He’s never been elected, doesn’t have a whole lot in the way of accomplishments other than being a Clinton-era crony, and has throughout his public life exhibited a passion for cutting the safety net.
Somehow this song seems appropriate for this Friday night:
Please note my selection of the Wetton-era live version versus the original off the nearly unlistenable In the Wake of Poseidon. I have that much taste at least.