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New Book Reports Infighting on Obama Economic Team

Transcript: BY ZACH TOOMBS As if the White House didn’t have enough to deal with as is, a new book that hits shelves Tuesday is making waves and reflecting poorly on President Obama and his economic team. CNN reports. “It’s title is ‘Confidence Men: Wall Street, Washington and the Education of a President.’ And it’s written by former Wall Street reporter Ron Suskind. He interviewed over 200 people, including the president, for this book. And, essentially, it looks at what was going on in the White House during the financial crisis of 2008. It is a very critical book. It says the White House economic team was plagued with internal rivalries and a treasury secretary that dragged his feet on some major decisions.” The New York Times is among the few publications that already have their hands on a copy of the book, which asserts that Treasury Secretary Timothy Geithner routinely ignored the president’s orders on the economy. The Times says: “Some decisions, including one to overhaul the debt-ridden Citibank, were carried out sluggishly or not at all by a resistant Treasury secretary, Timothy F. Geithner, according to the book.” The book also includes a controversial quote from former National Economic Council Chairman Larry Summers. Politico reports: Former White House economic adviser Larry Summers, according to Suskind, told then-OMB director Peter Orszag that as far as economic policy, “There’s no adult in charge. Clinton would never have made these mistakes.’” But Summers
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