Who is Jack Lew? Hes Obamas new Chief of Staff, replacing Rahm Emmanuel, who left to become the Mayor of Chicago.
And hes the ex-head of Citigroups Private Equity group, you know, just like Bain Capital and Blackstone so you know Obama has to understand this business of supporting business and he must be impressed at the intelligence it takes to run it or he wouldnt have hired Lew.
He worked as an aide to Rep. Joe Moakley (D-Mass.) from 1974 to 1975. He then was a senior policy adviser to House Speaker Thomas (Tip) P. O'Neill Jr. (D-Mass.) from 1979 to 1987. Lew served as Deputy Director of Office of Management and Budget in the Clinton Administration from 1995 to 1998 and Director from 1998 to 2001. He served as executive vice president of New York University from 2001 to 2006. Lew worked at Citigroup from 2006 to 2009. From 2009 to 2010, Lew worked for Secretary of State Hillary Clinton as deputy secretary for management and resources. Obama named Lew as the Director of Management and Budget on July 13, 2010, replacing Peter Orszag.
Thank you for correcting me. Of course the point is the same. Lew is exceptionally knowledgeable about Private Equity since he was so closely associated with it, so when Obama trys to run against it by distoring what it is and what it does, it will be entirely clear to everyone that they are being hosed.