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.

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12 Responses to Jamie Dimon Owns Obama’s Testicles

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Emptywheel Twitterverse
emptywheel DC Press: Ho hum. Rand Paul is running for President on same plank our forefathers revolted against King George. How cynical of him!
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emptywheel @granick There is one tiny area where DiFi's bill improves on USA F-ReDux tho (but I'm laying low about it) @jakelaperruque
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emptywheel RT @attackerman: After a decade reporting on "Guantanamo's Child," @shephardm interviews Omar Khadr. http://t.co/5CecJG8teO
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emptywheel @JakeLaperruque Bingo. 1) FISC has ALREADY approved 2) we have examples of summaries fr Vaughn 3) FISC proven unreliable arbiter @granick
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emptywheel @JakeLaperruque Once you've defined bulk as "all" then it's very easy for IC to get to "not-bulk" w/in terms of law. @granick
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emptywheel @JakeLaperruque But that's fine. We're allowed to disagree. My larger issue is w/adoption of IC def of "bulk" which is meaningless @granick
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emptywheel @JakeLaperruque Again, NOT excluding explicitly corporate selectors we know FISC already approved seems like sanction to me. YMMV @granick
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bmaz Marshall Stacks ->>>>>than Marshall Islands #JustAskJimiRichieAndBuckDharma
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emptywheel @JakeLaperruque Suffice it to say I find it unpersuasive. Moreover, if intent was to prohibit it, say so explicitly. @granick
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emptywheel @JakeLaperruque Yes, I'm familiar w/claim that terms not prohibiting something might be interpreted to prohibit something. @granick
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emptywheel @JakeLaperruque Actually he expands it to ratify Bates' DRAS ruling. You might ask why! @granick
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emptywheel @JakeLaperruque Btw, have you considered that section dedicated to CIA dragnet was in IG Report? @granick
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