Gag Me With a Banker

Having learned nothing from his midterm drubbing, President Obama is reportedly considering making JPMorgan Chase executive William Daley his chief of staff. Because what this administration needs is more sympathy for the hooligans on Wall Street.

Daley, one of a seemingly endless supply of think-small corporate Democrats, is the founder of a think tank that goes by the unfortunate name of Third Way.  —PZS

Los Angeles Times:

Daley, 62, would bring a strong business resume to the White House. He is an executive with JPMorgan Chase & Co. and a prominent figure among centrist Democrats.

In 2009, Daley was one of the first high-profile Democrats to urge Obama to move toward the political center. In an op-ed piece in the Washington Post, Daley said the party must either “plot a more moderate, centrist course” or risk major losses in the midterm congressional election and future campaigns as well.

In July, Daley joined the board of trustees of Third Way, a Democratic think tank whose agenda he characterized as “moderate, pro-business and pro-growth.”

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