"He possesses a deep understanding of how jobs are created and how to grow our economy." That's what Barack Obama said as he announced the appointment of his new chief of staff, William Daley, before a crowd of admiring White House staffers.
It's not hard to understand Obama's reasons for choosing Daley. Businesses are sitting on $1 trillion in cash and refusing to make job-creating investments.
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An interesting thing about Barack Obama is that he chose, on two occasions, to live in Chicago -- even though he didn't grow up there, had no family ties there, never went to school there.
It was a curious choice. Chicago has a civic culture all its own and one that is particularly insular. Family ties and personal connections are hugely important. Professionals who have lived and worked there for a quarter-century are brusquely reminded, "You're not from here."
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