VALERIE JARRETT OBAMA
The recent campaign of criticism targeting senior White House advisor Valerie Jarrett is, in some sense, unsurprising. But as leaders of some of the nation's largest advocacy organizations, we feel a moral obligation to tear down this half-baked caricature of one of the country's most powerful women.
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Yesterday, I wrote about the aura of contrition surrounding the financial types here, wafting off them like cheap cologne on a disco Lothario. Today, at a gathering of international editors and reporters, the contrition had spread to financial journalists. There was the sense that many had missed the boat, failing to ask the tough questions. The widespread contrition is matched by an unnerving feeling of paralysis. The people here -- and we are talking about some of the most influential people on the planet -- seem at a loss about how to attack the financial crisis. It's as if we are watching things unravel -- but are powerless to stop the unraveling. If bankers and politicians were stocks, Davos attendees would be shorting them.