One of Washington’s favorite guessing games — behind Mitt Romney’s veepstakes, but way ahead of who will run the Commerce Department — is who will replace Timothy Franz Geithner as Treasury Secretary. And as of today, I’m ready to name a frontrunner, at least if Barack Obama is re-elected: Erskine Bowles…
There are downsides to Bowles, too. He’ll want the White House to go further than they’ve been willing to go on long-term health costs. But they’re prepared to do that once taxes are on the table. He’s also quite disliked by the left, which frequently refers to the Simpson-Bowles Commission as “the Catfood Commission.” That’s a drawback, but the Obama administration has always prized holding the center over placating the left. Indeed, Obama, who ran in 2008 as a post-partisan uniter and is unexpectedly and unhappily having to run a much more traditional and partisan campaign in 2012, might see that as a benefit. If he can press the reset button after this election, he’s going to do it.
Oh boy, I do loves me some Simpson-Bowles Commission (not really). Obama must be freaking out over all the Wall Street bigwigs who are dropping the serious dollars on R-Money.
I’m sure they’ll be happy. He’s just Paul Ryan-lite–which still is better than Paul Ryan.