Obama Media

Obama’s Rubinomics Ties

April 1, 2007 on 4:34 am | In obama, Rubin, Economics, Wall St. | No Comments

In a comment at BarackObama.com, Rajay points to Robert Kuttner’s American Prospect cover story Friendly Takeover about Bob Rubin, “the most influential figure setting the economic course of the Democratic Party.” Although Rubin is supporting HRC, Kuttner writes that “this trader covers his bets.”

His son, Jamie Rubin, is a major Wall Street fund-raiser for Barack Obama. His former deputy chief of staff, Karen Kornbluh, is Obama’s chief domestic policy adviser, and Rubin is also close to Obama’s chief of staff, Steve Hildebrand, who used to hold the same position for former Senate Democratic Leader Tom Daschle, another Rubin ally.

Rajay says he is torn between Obama and Edwards; Kuttner’s piece concludes with a though on Edwards:

One candidate who might well reject Rubinomics is John Edwards, who is unlikely to raise large sums on Wall Street. And even Edwards is talking more about our duty to the poor, and less about the need to reregulate capitalism. However, should the populist Edwards be nominated, he will need a calming figure to reassure Wall Street that he is not an economic madman. Someone like Bob Rubin.