Streetwise Professor

April 21, 2015

Gary Gensler Resurfaces as Hillary!’s CFO: Is He Our Next Treasury Secretary?

Filed under: HFT,Politics — The Professor @ 7:27 pm

At a couple of conferences recently, people asked me what Gary Gensler is up to? I said “I don’t know. It’s not like GiGi and I are buddies.” (True fact: he had me banned from the CFTC building.) Well, now we all know what he’s up to: Gensler has landed as the CFO of Hillary’s presidential campaign.

When Gensler was CFTC chair, I surmised he had ambitions to replace Timmy! as Secretary of the Treasury. But that went to a Rubinoid, Jack Lew. There was also talk of Gensler running for the Senate from Maryland, and Mikulski has announced her retirement, but more well-known Dem pols in the state are poised to run, so that’s not an option.

Taking the campaign CFO job probably does give Gensler an inside track on the coveted SecTreas job. If Hillary wins. If.

Yes, I know she is the odds on favorite. But she was shopping for Oval Office curtains in 2008, and we know how that turned out.

Hillary’s problem is, well, Hillary. A lot of people like the idea of Hilllary. It’s the real person that is the problem.

This has been illustrated by her slow-motion-train-wreck of a campaign kickoff. There’s an old expression: if you can fake sincerity, you have it made. Hillary hasn’t quite mastered that yet. The launch and the comically contrived “spontaneous” road trip to Iowa were about as authentic as Velveeta. It was a remarkable act of will, because you can just tell how much Hillary hates to be with actual people. Further, she has operated in a bubble, protected by some Harry Potteresque charm that repels all serious questions from serious people.

Eventually, though, her personality will shine through. And that’s the problem. Playing word association, if you say “Hillary”, I say: shrill, angry, bitter, entitled, strident, rigid, ideological, dishonest, hyper-partisan, vengeful, arrogant, paranoid, and . . . I could go on. And on. And on. And she’s not that bright: whoever calls her “the smartest woman in the world” is a virulent misogynist, with an obviously low opinion of women. I on the other had, think so highly of women that I would prefer to select the next president by lot from America’s 150 million or so adult females, than by an election in which Hillary is the Democratic Party standard bearer. 150 million-to-one: I’ll take those odds over better than even any day.

She is also an awful politician. She has no political instincts whatsoever. You can see the gears grinding behind her phony grin, trying to figure out what would be the politically advantageous thing to say. Today’s persona is Class Warrior. She recently said the one percenters must be “toppled.” Actually, I could kinda go for that, because despite her past protestations of being as poor as a church mouse, she is definitely in that class now.

In other words, she’s no Bill, who was if nothing else, a natural politician that had a magnetism and suppleness that could overcome his other deficiencies.

Which brings up another issue: the psychodrama between Hillary and Bill. You would think that Bill is a major asset, but I wonder. She wants to win on her own, and has put up with decades of humiliation from him to advance her ambitions: will she put herself in a position where she has to accept his help to win? Nor are Bill’s incentives unmixed. Will he want to play second fiddle as the first First Husband? Hillary’s campaign in 2008 was a soap opera: will 2016 be any different?

Then there’s the old baggage, which Hillary has more of than the lost and found at JFK. (I contributed, in a modest way, to that collection, many years ago, as detailed in the Senate Whitewater Report and the Congressional Record.) It is quite a remarkable record, stretching into the distant past, when she was fired from the Watergate Committee staff, to Arkansas skullduggery, to various White House scandals, to her service as Secretary of State (Benghazi, preventing naming Boko Haram as a terrorist organization, the Reset), to the very present (the stench of cronyism and influence peddling at the Clinton Foundation, and the Immaculate Abortion of her private email server).

Further, she’s not getting any younger, and it shows.

So she has many liabilities. What about the assets? They are formidable, particularly a national media that may not like her, but hates Republicans more. They can be counted on to avoid criticizing her, to form a defensive phalanx around her, and to attack her Republican adversary relentlessly. That didn’t help her in the primaries in 2008, when the fickle press found someone even more attractive. But there is no Barack Obama on offer in 2015-2016.

She also has a relentless fundraising machine, a reliable and experienced party and campaign apparatus, union support, and a solid base who would vote for Godzilla over a Republican.

Thus, she has great institutional advantages that will go far in overcoming her severe personal deficiencies.

But her biggest asset is that you can’t beat somebody with nobody, and right now the Republicans are offering up national nobodies. Maybe a somebody will emerge, but I wouldn’t count on it.

All meaning that although Hillary is a flawed person, and a flawed candidate, she has many advantages. So, as much as it pains me to say so, GiGi’s wish may come true. And as bad as a Gensler Treasury would be, it pains me even more to say that it likely would be one of the best parts of a Hillary Clinton Administration.

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14 Comments »

  1. And she reminds every man of his ex-wife or shrill mother-in-law–big, steaming bowl of Not Good

    Comment by The Pilot — April 21, 2015 @ 8:00 pm

  2. Erratum: retiring MD senator is Barbara Mikulski not Murkowski. otherwise, total agreement.

    Comment by Mudak — April 21, 2015 @ 8:51 pm

  3. […] Eventually, though, her personality will shine through. And that’s the problem. Playing word association, if you say “Hillary”, I say: shrill, angry, bitter, entitled, strident, rigid, ideological, dishonest, hyper-partisan, vengeful, arrogant, paranoid, and . . . I could go on. And on. And on. And she’s not that bright: whoever calls her “the smartest woman in the world” is a virulent misogynist, with an obviously low opinion of women. I on the other had, think so highly of women that I would prefer to select the next president by lot from America’s 150 million or so adult females, than by an election in which Hillary is the Democratic Party standard bearer. 150 million-to-one: I’ll take those odds over better than even any day. […]

    Pingback by Yes to a female President but not this one, please | Tim Worstall — April 22, 2015 @ 1:03 am

  4. How many Goldman Sachs bankers does it take to destroy the economy? inquiring minds want to know.

    Comment by Scott — April 22, 2015 @ 3:10 am

  5. The GOP field has some real possibilities, all of whom are better qualified at this stage than the incumbent. But you’re right about the media, it is an important part of the Clinton campaign to portray the GOP contenders as useless, dangerous, nobodies. And like a lot of these things, if it’s said long enough and loud enough it sticks regardless of how much it represents reality.

    Comment by Ed Snack — April 22, 2015 @ 3:39 am

  6. @Mudak-Thanks. Fixed.

    The ProfessorComment by The Professor — April 22, 2015 @ 8:43 am

  7. @The Pilot-I was thinking the same thing. There will be a huge gender gap. And it is well-known that Hillary has huge issues with men, on a personal level.

    The ProfessorComment by The Professor — April 22, 2015 @ 8:45 am

  8. Whereas I think black people voted for Obama because he was black, I’m not sure women will vote for Hillary in the same numbers just because she’s a woman. Women have an uncanny knack of not liking other women for reasons both serious and trivial.

    Comment by Tim Newman — April 22, 2015 @ 1:48 pm

  9. Two things. I think the hard left is trying to torpedo her campaign. Clinton’s didn’t help them the first time and played them the rest of the time. Second, Scott Walker. Next President of the US.

    Comment by @pointsnfigures — April 22, 2015 @ 4:33 pm

  10. @Tim-A lot of white people voted for Obama because he was black too. Though some men may vote of Hillary based on her gender, as @The Pilot suggests, she is likely to repel many more, especially middle and working class men. Hillary’s female demographic also skews older. I doubt she will motivate younger voters, men or women, the way Obama did.

    The ProfessorComment by The Professor — April 22, 2015 @ 8:32 pm

  11. How will we survive a billion dollars worth of lies saturating the ether.

    Comment by pahoben — April 27, 2015 @ 12:58 pm

  12. @pahoben. A billion? Surely you jest!

    It’s more like 2.5 billion.

    The ProfessorComment by The Professor — April 27, 2015 @ 3:50 pm

  13. @Professor
    Wow-to saturate the consciousness of the public with absolute crap. I saw a program with some guy telling people in a sporting goods store that a real duck was actually a new type of decoy that was microprocessor controlled. Sadly it seemed many believed it.

    Any idea why she became so intent on Gaddafi? Did the Clinton’s profit from his removal in some way or was it just general middle east mischief making to fill the time and establish tough b%tch bona fides?

    Comment by pahoben — April 28, 2015 @ 10:16 am

  14. Certainly the scale is different but the joke summarizing Russian history as-And then, somehow, things got worse-may find application to the US in the 21st century. As you touched previously it was the takeover of the education system by the left that turned the tide-believe what you hear.

    Comment by pahoben — April 29, 2015 @ 3:37 am

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