Jack Lew, the man President Obama has chosen to help oversee the country's biggest banks, has said it plainly — he's no expert on banking. Lew said as much when the Senate was vetting him to head the White House Office of Management and Budget in 2010.
Sen. Bernie Sanders, I-Vt., asked Lew if he thought deregulation of Wall Street caused the financial crisis. Lew said he didn't consider himself the best person to answer that question.
A re-elected president who gets to choose a second-term Cabinet has much more knowledge of the kind of team he needs than he did the first time around.
That's one simple way to understand President Obama's decisions as he creates his Cabinet 2.0.
The choices are not those of a president-elect who hasn't moved into the White House, or of a green president who hasn't watched his first international crisis unfold from his leather seat in the White House Situation Room.