The money crowd just can’t stop gushing about William Daley “” but not, they stress, because he’s a banker.Finance types praise Daley

Excuse me while I enjoy a hearty chuckle. … .. …

Conservative Wall Street Democrat Bill Daley has been picked to be Obama’s new consigliere. It’s a great choice for our conservative Democratic president, but really, it’s just too funny. From Marc Ambinder:

Daley is not a liberal. He joined the board of Third Way, a think tank staffed by ex-Clintonites, last year, saying at the time that “advancing moderate ideas, challenging orthodoxies, and building a big tent political movement that can attract an enduring majority. Their views are right for both campaigning and governing: pro-market, strong on security, and seeking common ground on culture issues.”

There will be very few movement progressives hailing the choice, which is understandable, but it’s a perfect fit for the moment and looking to 2012, which is where Obama Inc. is now focused.

I can’t help but remember during the primary fight of 2008, seeing and hearing all sorts of negative ads coming out of the progressive blogosphere about all the damage Bill Clinton had done to the Democratic Party because of his conservative policy prescriptions. In the West they even unloaded a flier that railed against all the congressional losses under Clinton.

Oh, the irony.

As I’ve said many times, Bill Clinton taught Dems to win again after a long time in the desert. But above all he was a pragmatic Democratic centrist who was very close to Wall Street, but also had ties to the working class, something Obama simply hasn’t been able to establish. People stayed close to him, including during his dark years, because they liked and related to the man. He was from the heartland and never forgot his humble beginnings. No one ever claimed he was progressive, unlike the myth of the marketing surrounding Obama, which was obliterated a long time ago, except for those who refuse to digest the facts.

Or maybe the answer is that the Obama administration has simply decided to tack right, and they figure the way to do that is to hire someone who legitimately believes that tacking right is a good idea. I don’t find Daley’s theory of politics persuasive, but if you wanted to get credit in the media for moving to the right, it’d help to hire someone who had publicly and clearly attacked your moves to the left. – Ezra Klein


Oh, and then there’s the reality that Pres. Clinton presided over a booming economy and balanced four budgets, proving from the start of his presidency that he was serious about economics, but also understood the subject, however conservative his methods. In the end people want solutions that work and when they don’t they turn ugly, as witnessed by the midterms.

Today, Pres. Obama, who was going to bring change and who railed against all things Clinton has now completed his embrace of Pres. Clinton’s politics, which the end-of-the-year presser with the Big Dawg presiding foreshadowed, mostly to help save his own ass. That’s as it should be for Obama, who long ago dislodged from any notion of Democratic prescriptions, and who now has only one job, getting reelected.

Mind you, I’m not particularly upset about the rightward march of Obama the last two years, as I expected and predicted it.

“Daley added, “All that is required for the Democratic Party to recover its political footing is to acknowledge that the agenda of the party’s most liberal supporters has not won the support of a majority of Americans – and, based on that recognition, to steer a more moderate course on the key issues of the day, from health care to the economy to the environment to Afghanistan.”CNN

Once Gene Sperling replaces Larry Summers, well, let’s just say all those Obama fan boys (and girls) better have a lot of whiskey around to wash down the crow.

This post has been updated.