James Fallows shoots-and-scores (again) while lamenting U.S. news media's lack of curiosity or outrage: Peter Orszag: The Shoe That Didn't Drop

Sometimes, when you least expect it, the Blogger Dashboard located on my blog -under thehood, as it were, which tracks the various blogs and websites I'm subscribed to- hits a grand slam so obvious that you just know that when you see it list something as being only two minutes old at a little past midnight, your intuition, your internal news director, tells you that it will be THE must-read article the rest of that day.

And so it was just an hour ago when I was going thru my eclectic list of reading material before going to sleep. Or so I thought.
But here I am, blogging at 1:15 a.m. Eastern, Hallandale Beach temperature 45 F.

There it was under The Atlantic's James Fallows' blog: Peter Orszag: The Shoe That Didn't Drop.

Hallelujah!!!

Trust me, you'll thank me later.
Really.
That's why he's James Fallows, and there is no substitute. http://en.wikipedia.org/wiki/James_Fallows

And why I've been reading him in his various media manifestations, legacy media and new media, prescient overseas dispatches and domestic cultural and political analysis, since I was at IU.

And bought his books.

The Atlantic Online
Peter Orszag: The Shoe That Didn't Drop
By James Fallows
December 15 2010, 11:33 PM ET

I made a mistake several days ago when lamenting Peter Orszag's decision to take a senior job with Citibank, reportedly for several million dollars per year, so soon after leaving a senior Obama Administration post. Over the past two-plus years, Obama (and GW Bush) policies played a crucial role in saving Citi -- and in not holding its executives (or other senior financial-world figures) accountable for polices that brought on the world financial crisis or reining in top-end pay as profitability has returned. Now a senior member of the Obama team -- Orszag was budget director -- was going straight to one of those top-end jobs, even as his former colleagues in the administration have their hands full fighting the social, economic, and political effects of the crisis on "ordinary" Americans who can't find jobs or are losing their homes.

Read the rest of this fabulous post at: http://www.theatlantic.com/politics/archive/2010/12/peter-orszag-the-shoe-that-didnt-drop/67869/

See also this excellent essay by Fallows in the June 2010 issue of The Atlantic:
How to Save the News
http://www.theatlantic.com/magazine/archive/2010/06/how-to-save-the-news/8095/

James Fallows archives from The Atlantic at:
http://www.theatlantic.com/james-fallows/