Jamie Dimon Owns Obama’s Testicles

Jamie Dimon owns Barack Obama’s testicles. That’s the only explanation I can think of for why, rather than firing his JP Morgan Exec Chief of Staff for being incompetent, Obama simply shifted him over to serve as the public face of his Administration.

Ten months into his tenure as chief of staff, [Bill] Daley’s core responsibilities are shifting, following White House missteps in the debt-ceiling fight and in its relations with Republicans and Democrats in Congress.

On Monday, Mr. Daley turned over day-to-day management of the West Wing to Pete Rouse, a veteran aide to President Obama, according to several people familiar with the matter. It is unusual for a White House chief of staff to relinquish part of the job.

[snip]

The new set-up effectively makes Mr. Rouse the president’s inside manager and Mr. Daley his ambassador, roles that appear to better suit both men’s talents.

As you recall, Daley was hired as a sop to the banks, who thought endless bailouts weren’t enough bounty from this and the prior Administration and successfully demanded having one of their own in the White House gatekeeper position. And so, after fucking up the debt ceiling, and fucking up the introduction of Obama’s jobs push (and overseeing the passage of three trade agreements that will send jobs overseas), Daley has been moved into a figurehead role.

Here’s a snapshot of the kind of people whom Daley is sucking up to as “Ambassador”: the architect of the housing bubble-and-crash, the embodiment of corruption in the GSEs, and a guy who helped pass a law that will help his wife’s insurance company, only to leave to work for the Chamber of Commerce and a private equity firm.

Lately, Mr. Daley has been trying out his new role, deploying his back-slapping persona in Washington social circles. He recently held a private reception at his Ritz Carlton residence for a small group of D.C. elites, including former Fed Chairman Alan Greenspan, former Fanne Mae Chief Executive Jim Johnson and Yousef Al Otaiba, the United Arab Emirates ambassador to the U.S.

Former Sen. Evan Bayh (D., Ind.) said an invitation to lunch with Mr. Daley in his West Wing office was the first time he had heard from him.

So at a time when Obama’s campaign wants to pretend he’s taking a tough line with the 1%, he’s refusing to fire 1%er Bill Daley when he proves to be incompetent. Does this mean the banksters will effectively retain their own personal gate-keeper?

And FWIW, I believe Pete Rouse was and will be the best of the three Chiefs of Staff Obama has had, so I approve of that move. Though I question the wisdom of making the move just in time for another government shutdown, which is due up in the next few weeks.

Tweet about this on TwitterShare on Reddit0Share on Facebook0Google+0Email to someone

12 Responses to Jamie Dimon Owns Obama’s Testicles

Emptywheel Twitterverse
emptywheel The IC Can’t Even Decide What Is Classified in Hillary’s Emails But They’re Attempting To Do Same on the Internet https://t.co/Jaq8U9QgYT
5mreplyretweetfavorite
JimWhiteGNV Think piece needed: GOP primary voters are very much like militants trained by the CIA in how they turn against their creators.
40mreplyretweetfavorite
JimWhiteGNV We survived Nixon, an evil president. We survived W, an idiot president. Could we survive Trump, an evil idiot president? Dunno.
50mreplyretweetfavorite
bmaz @jilliancyork @EFF Yay, congrats!
50mreplyretweetfavorite
JimWhiteGNV Disarmament Poster Contest 2016: https://t.co/UbqkhoZ95r This is wonderful!
1hreplyretweetfavorite
emptywheel @cruickshank those are the same ones pretending a guy who has promised govt spending is where rest of GOP is on economy right?
1hreplyretweetfavorite
JimWhiteGNV RT @Cirincione: Michael Douglas promotes peace and disarmament through art https://t.co/0gVKmKiXyD
1hreplyretweetfavorite
emptywheel @HayesBrown and a greater than 50% chance someone who wants a NFZ where Russia is legally flying will have them.
1hreplyretweetfavorite
emptywheel RT @airlivenet: NEWS Passenger doesn’t switch his phone to flight mode – gets over $2000 fine https://t.co/7uA8P1GkTE
1hreplyretweetfavorite
bmaz @HeidiOBrien8 Right. Though think Bayh may be past sell by date now.
2hreplyretweetfavorite
emptywheel @Charliedontserf Both. His policies are anti-insider policies. His delivery is 100% demagogic, just as many insiders are.
2hreplyretweetfavorite
November 2011
S M T W T F S
« Oct   Dec »
 12345
6789101112
13141516171819
20212223242526
27282930