Former Commerce Secretary and current JP Morgan executive Bill Daley will step in as the White House Chief of Staff, according to multiple reports. The man who will take over the key position managing the White House opposed pushing forward on health care in 2010, opposed the Consumer Financial Protection Bureau, believed the Administration should move to the right in late 2009, joined the board of Third Way and worked for the Chamber of Commerce at eliminating post-Enron accounting regulations.
But the “business community” likes him, so that’s something.
Daley will be joined by Gene Sperling, about to be named the new chair of the National Economic Council. Political scribes like David Corn are impressively rebutting the notion that Sperling is someone tied to financial industry, dismissing the fact that he worked for Goldman Sachs in 2008 (the project was apparently a charitable project). But Sperling has been credibly connected to designing HAMP while a counselor to Tim Geithner at Treasury, proving you don’t exactly have to be part of the financial oligarchy to want to curry favor with it. Maybe Sperling’s just bad at policy; it doesn’t exactly help his profile. He is essentially the ultimate wonkish neoliberal.
Personally, I don’t believe that these shifts in personnel matter all that much. There are already counselors and advisers entrenched in the White House, and all of these “new” people have been in their orbit already. Daley was an advisor to the Obama campaign, and the Republicans even dinged Obama for that way back when. This is a reshuffle of the same deck; it doesn’t add any new cards. Daley has certainly advised a tack to the right, and your point is?
UPDATE: Well, at least Daley won’t have to deal with the black party while working for Barack Obama.