In June 2011, Politico called him a "liberal GOP says it trusts." House Majority leader, Eric Cantor said "No one (is) more prepared and more in tune with the numbers than Jack Lew."
Wall Street bosses have final say on top-level financial appointments. They're comfortable with Lew. Expect little change from Geithner. Money power will run things the same way.
A Final Comment
At Treasury, Lew becomes Obama's deficit-cutting point man. He'll function in his low key/soft-spoken way. He'll mask what's really going on.
Eroding America's social contract is prioritized. Death by a 1,000 cuts is planned. Social Security, Medicare, Medicaid, and public pensions are targeted.
So are food stamps and other vital benefits. Millions rely on them. Eventually they'll have to manage on their own. In a decade or sooner, they'll be largely or entirely gone. Grand bargain betrayal plans it.
Deficits will be cut on the backs of ordinary people. Corporations and super-rich elites will profit at their expense. Lew's job entails disguising planned harshness. His future political/business prospects depend on how well he succeeds.
Stephen Lendman lives in Chicago and can be reached at Email address removed .
His new book is titled "Banker Occupation: Waging Financial War on Humanity."
Visit his blog site at sjlendman.blogspot.com and listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network Thursdays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.