Rich Yeselson

Rich Yeselson lives and writes in Washington, D.C.

Recent Articles

Obama's Squandered Recovery

In The Escape Artists, Noam Scheiber depicts a White House out of its depth on the financial crisis.

The Escape Artists: How Obama's Team Fumbled the Recovery . By Noam Scheiber, Simon & Schuster, 351 pages, $28.00. A guy I know told me a story. He had a friend who was working on the 55th floor of the South Tower of the World Trade Center on that terrible day. When the plane hit the North Tower, everybody in the office understandably got very worried. When the plane hit the South Tower, people were going crazy. But the authorities on the floor—calm, experienced—told them not to panic. The guy’s friend thought to himself, “Fuck this, we’re all going to die," and raced downstairs, exiting the building right before it collapsed. I thought of that story when reading Noam Scheiber’s The Escape Artists, about the economic crisis at the start of Obama’s presidency and the administration’s response. In the book, based upon hundreds of on- and off-the-record interviews with principals and other witnesses to the events described, Obama and his top economic and political staff emerge as, to...

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