A post by Maynard
Obama came from the hard Left, but he won the presidency by making appeals to the Center and even the Right. Now that he’s got to make decisions, somebody is bound to be disappointed. This article discusses the rising tensions as internal factions start to battle within the Obama camp.
Disagreements among senior Democrats and members of his team over who he should pick has given the President-Elect a wake up call about the treacherous partisan waters he now has to navigate, according to those familiar with the discussions.
Wall Street was expecting that Obama would, in the course of his first press conference, announce his Treasury Secretary. The name Lawrence Summers loomed large. Summers was Treasury Secretary under Bill Clinton, and his selection would inspire confidence. However, he came under attack from ideologues for lapses of political incorrectness (see his Wikipedia entry for details.
For example, as President of Harvard, he acknowledged that there are physical differences in the development of male and female brains. This is of course a fact, but we’re not supposed to explore it, especially in an institution of higher learning. This gaffe is still haunting Mr. Summers.
Feminist groups are horrified by his record as president of Harvard University.
Kim Gandy, the president of the National Organization of Women, complained last week: “It’s very important that whoever is in key positions understands the importance of women to this economy.
Ms Gandy said she is lobbying Mr Obama to choose one of the female economists, Laura D’Andrea Tyson or Sheila Bair.
So the anticipated announcement of a Treasury Secretary was postponed. This isn’t a tragedy in itself, but it left a sense of indecisivenes in its wake, and fueled concerns about Leftist ideology trumping sound economics. The market tanked in the aftermath of the non-announcement.
This is not the end of the story, and of course it’s barely the beginning. It may be Obama has a sense that it would be unwise to stray far from the Center. The jittery market may strengthen the push for stable pragmatism. But, with heavy pressure from the vocal moonbats on his back, it will be difficult to do the right thing.