Seeking Good Policy vs Seeking Personal Aggrandizement
The new Secretary of the Treasury must get the Republicans to
raise the debt ceiling. Now the debt
ceiling is one of the dumbest laws in a nation of dumb laws, but it is the
law. In charge of the campaign is Secretary of the Treasury Steve Mnuchin.
The previous Secretary was Jack Lew, a serious and
experienced government fiscal operative.
Mnuchin has never had government policy experience. And he
seems to be as much interested in enjoying the perks as he does formulating
policy.
To
be sure, Mnuchin appears to be enjoying the trappings of being a cabinet
secretary. He meets weekly with Federal Reserve Board Chair Janet L. Yellen,
often for breakfast or lunch, to discuss a variety of financial market issues.
His
wife, actress Louise Linton, has accompanied him to at least two congressional
hearings, an unusual occurrence.
Whereas
Lew seemed to eschew all the security and publicity — he once stood alone at
night in Union Station waiting for his wife to get off a train — Mnuchin
travels differently. He was recently seen leaving a Washington custom tailor shop in the middle
of a workday with a group of Secret Service agents. His wife gave an interview
to Town & Country magazine detailing all the types of diamonds and pearls
she would wear at their June wedding.
It used to be that wealthy people served in government out
of a sense of duty. Mnuchin is one of a
large group of folks who serve out of a sense of entitlement.
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