I know it pains many of you to hear it, but integrity has not been one of President Obama’s evident virtues, and the nomination of  his Chief of Staff Jack Lew to replace Timothy Geithner as Secretary of the Treasury is a particularly vivid example. The nomination demonstrates either hypocrisy or dishonesty (or both) no matter how one chooses to look at it.

This has nothing to do with Lew’s qualifications for the job: I’m certain he is sufficiently qualified, and is as likely as anyone else to help lead the nation through the fiscal wilderness, which is to say “not very.” The problem with Lew’s nomination, in the context of the President’s integrity, is two-fold. Although Obama and his campaign’s successful strategy was to demonize Mitt Romney as a grasping and venal corporate raider who accumulated big corporate bucks while doing little of value, Jack Lew’s resume includes receiving a $945,000 bonus in January 2009 after a short time working at Citigroup, which was in the process of collapsing financially and seeking (and receiving)a massive taxpayer bailout.  Obama also made hay during the campaign by implying there was something shady about Romney’s investments in Cayman islands-based institutions. Jack Lew. meanwhile, oversaw Cayman island investment funds while at Citigroup. In his 2008 campaign, Obama took special aim at one of them known as Ugland House, and a Senate hearing on the subject designated it as a facilitator of tax evasion. Jack Lew had investments in the Cayman islands, and, like Mitt Romney, had them with Ugland House. Continue reading →