Let’s review the political highlights from last week. Economic advisor Larry Summers announced he is leaving the administration, making him at least the third high-level economic advisor to seek greener pastures. Of course everyone who leaves says they would be doing so regardless of the current economic situation, which remains a quagmire. Are they actually running away from what they have created?
But not to worry—there are still great minds the president can lean on for economic advice:
The one with the mouse ears might not be too bad; he seems to be doing well here in Florida.
The Republicans came out with their Pledge to America, which is already being trashed by President Obama. Cutting spending? Lowering taxes? How ridiculous. Giving people back their own money and being responsible for a balanced budget are just old-fashioned ways of approaching an economy. Even when the Republicans offer a plan, Democrats continue to repeat the mantra that they are the party of “no.” It never was a very credible complaint; even less so now.
In an effort to undermine the possible next Speaker of the House, John Boehner, the New York Times printed an accusation that he had an affair. As of today, there doesn’t seem to be any corroboration of this accusation. It’s reminiscent of the same accusation aimed at John McCain during the 2008 campaign. It went nowhere because there was nothing to take anywhere.
Ah, the joys of journalistic integrity.
Finally, comedian Stephen Colbert appeared on Capitol Hill to testify before a congressional subcommittee. I must admit I was rather harsh on this appearance in an earlier post. Given the nature of the Congress, I will now step back from my previous comments. In fact, I think Mr. Colbert was right at home.
I can hardly wait to see what this week will bring.