Penny Pritzker, heiress to the Hyatt Hotel fortune, has been an early and effective supporter of Barack Obama. She's also a savvy business operator and classy person.
She will not be Secretary of Commerce.
We don't like how all this is coming down. Obama's efforts are looking directionless and ineffective, except that they tend to reflect his need to placate all segments of his party and his desire to push through health insurance legislation as a first priority. But with Clinton retreads and congressional has-beens, it's not bipartisan or change-oriented, and certainly not moderate.
We think that Obama's lack of experience and shallow political alliances are showing already.
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