David Leonhardt’s Obama Interview

I don’t think there’s anything earth-shattering in this interview, but it is worth reading if only to take a moment to savor the fact that we have a president who can speak intelligently about a range of policy issues. I also think it’s near that David Leonhardt and the NYT have inserted some HTML “footnotes” into the interview to give some of the facts and specific context that tend to slip out of view when people are talking.

The one thing I would really take issue with here is that I think Obama is unduly optimistic about the idea that we can keep the financial industry basically as is, but regulate it “better.” The pre-crash state of regulation had a lot to do with the political clout and prestige of the institutions in question. If you keep the same institutions in place, I worry that they’ll swiftly recapture the regulators.