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Confidence Men

The White House has been pushing back very hard against a book. Gee, I wonder why? I just finished it and I highly recommend it:

JUAN GONZALEZ: The release of an explosive new book that draws a searing portrait of the Obama administration’s failings and early management of the economic crisis has been met with sharp objections from officials within and outside of the White House. In his book Confidence Men, veteran journalist Ron Suskind writes that U.S. Treasury Secretary Tim Geithner ignored an order from President Barack Obama to consider dissolving the debt-ridden banking giant Citigroup as part of a reconstruction of major banks in March 2009. Suskind goes on to say that Citigroup was one of several incidents where President Obama’s authority was, quote, “systematically undermined or hedged by his seasoned advisers.” He also reports Larry Summers, former chair of the National Economic Council, once said at a meeting, quote, “We’re really home alone. There’s no adult in charge. Clinton would never have made these mistakes.”

Earlier this week, White House Press Secretary Jay Carney responded to some of the allegations in Suskind’s book.

PRESS SECRETARY JAY CARNEY: I, too, have not read the book, although I’ve read a lot about it. What we know is that very simple things, facts that could be ascertained—dates, titles, statistics, quotes—are wrong in this book. So I think that—in fact, one passage seems to be lifted almost entirely from Wikipedia in the book. I think, based on that, I would caution anyone to assume that if you can’t get those things right, that you suddenly get the broader analysis right. That analysis is wrong.

AMY GOODMAN: That was Press Secretary Jay Carney, speaking about Pulitzer Prize-winning journalist Ron Suskind’s new book, Confidence Men: Wall Street, Washington, and the Education of a President. Suskind says the book is based on interviews with more than 200 people, including former and current members of the Obama administration, as well as the President himself.

Well, we are joined by Ron Suskind right now. His previous books include the New York Times bestsellers The Way of the World, The One Percent Doctrine, The Price of Loyalty and A Hope in the Unseen. From 1993 to 2000, Suskind was the senior national affairs writer for the Wall Street Journal, where he won the Pulitzer Prize. He now lives in Washington, D.C., writes for Time Magazine, The New York Times Magazine, Esquire and the Wall Street Journal.

Ron, what most surprised you in your research for this book, Confidence Men?
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Facebook’s budding tyrant

Mark Zuckerberg is 26 years old, but only someone with the mind of an old Stalinist would be so dead-set on “making the world open and connected…”

March to Union Square

Occupy Wall Street today:

Watch live streaming video from globalrevolution at livestream.com

The one I love

R.E.M.:

What’s your favorite baseball movie?

A discussion at Salon. They left out one of my favorites, the original “Angels In The Outfield,” the movie that made this little girl fall in love with baseball – and newspapers.

What would you pick?

Phony

Solyndra “scandal.”

Vote

DFA is having a contest to pick the biggest heroes and villains in the House and Senate. The winners will get paid advertising campaigns run for or against them. Vote here!

Shelter

Ray Lamontagne:

Remember Dr. Doom?

Who got it right about the crash, but no one would listen? Here’s what he’s saying now:

The odds have risen sharply this week of a fresh financial crisis that will plunge the global economy into a major depression, as policymakers fall far short of the radical measures needed to address the fast approaching storm, economist Nouriel Roubini warned yesterday.

Roubini, an economist famed for having correctly predicted the 2008 global financial crisis, told Emerging Markets last night in a telephone interview that the chances of a chaotic breakup of the eurozone had soared, as world leaders failed to take meaningful action to combat the risks posed by rapidly escalating financial market tensions and a worsening global economic outlook.

Policymakers continued to focus on the threat to the eurozone posed by Greece, when the locus of the crisis had shifted to Italy and Spain, he said. “At this point it’s not any more about Greece or Ireland or Portugal. The contagion has spread to Italy and Spain.”
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Peaceful

Kenny Rankin:

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