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    • Refreshing Honesty About Bank Loans
      I actually appreciate this, from the HSBC AM Global Head of Responsible Investing, Stuart Kirk: “At a big bank like ours, what do people think the average loan length is?” he asked. “It is six years. What happens to the planet in year seven is actually irrelevant to our loan book. For coal, what happens in year seven is actually irrelevant.” That’s honesty. […]
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Obama not a people person

Digby speculates on whether Washington establishment types are just being peevish or whether Obama really doesn’t think he personally needs to interact with politicians.

There is a third possibility.  He was hired for his looks.  Yep.  He’s got the right credentials for his employers.  The right academic pedigree, the right insane ambition, the lack of any partisanship whatsoever.  But the fact that he was an attractive African American candidate made him seem unbeatable to the scouts. He didn’t need to be a gifted politician.  In the political skills department, he has about as much as George W. Bush has. He just needed some clever speechwriter to craft some aspirational shit that liberals would eat up about being a transcendent figure who would unite the country.

It doesn’t really matter what he does now that he’s in office.  He’s just a figurehead.  His employers bought off the right people and they’re the ones who are actually running the show.  He doesn’t have to be nice to people or shake hands and it’s not really important that he crafts policy or anything like that.

Obama could decide to take the rest of the term off and the executive branch would continue to function just fine.  The policies that are going to be implemented could happen whether or not he shows up or takes the day off and golfs with Tiger Woods.  His meteoric rise to instant stardom didn’t require him to assemble a coalition of political friends and assets nor did it require him to do any heavy lifting in the policy department.  He was protected zealously in the campaign arena and the only person to challenge him was Hillary Clinton.  After that, he decided to run against Sarah Palin.  Piece of cake.

So, if he’s not a people person, does it matter?

I thought the Bush years were long but with as much damage as the last 5 years have inflicted on me personally, the Obama years just seem interminable.