THE BUZZ FROM MICHAEL GRUNWALD'S BOOK ABOUT OBAMA ECONOMIC POLICYMAKING... by DeLong

And, of course, Grunwald gives Christy Romer's side of the anecdote told by Ron Suskind--the one where Suskind claimed that when Obama first met Romer, "before exchanging hellos or even shaking hands", Obama said that monetary policy had "shot its wad" thus shocking Romer with the sexualized reference.

Romer has maintained--from the day Suskind's book came out--that Suskind had it wrong: that Obama had not said it, she had; that she had meant it as a reference to seventeenth-century firearms musketry technology. This means that Suskind's "before exchanging hellos or even shaking hands" is, in the words of Pooh-Bah: "merely corroborative detail, intended to give artistic verisimilitude to an otherwise bald and unconvincing narrative".

On page 472, Grunwald writes that Suskind has promised to correct the scene in his paperback.

Moral: if you tell your sources that you are going to let them see relevant portions of the ms. to make sure there are no errors, show your sources the relevant portions of the ms. to make sure there are no errors, or you may wind up in substantial trouble.

...

Obama: Look, I get the Keynesian thing. But it's not where the electorate is… p. 338.

If Obama isn't re-elected it will be because of this bipartisan approach of indulging those who are wrong, where a "partisan" Keynesian approach would have helped the economy.

DeLong lies by omission though. If you follow the link, it actually reads "P. 338, Obama tells his team to stop bugging him to make stimulus speeches. “Look, I get the Keynesian thing. But it's not where the electorate is.”