Rubin: Blame the biz media

Former Treasury secretary Robert Rubin blamed the business media for the current economic issues in the United States in a talk at an Aspen, Colo.-based ideas conference.

Sarah McBride of Reuters writes, “Rubin still believes the media could do more to explain issues, particularly when it comes to the fiscal crisis.

“‘There’s been a massive communications failure by your party’ in explaining budget issues, on-stage interviewer and Reuters digital editor Chrystia Freeland said.

“‘There’s been a massive communications failure by your profession,’ Rubin shot right back. The two joshed for a few seconds about whether the blame should be 50-50 or 80-20.

“Rubin, who after leaving the Clinton administration joined Citigroup as a board member and served temporarily as its chair before eventually resigning in early 2009 after his performance was criticized, still hasn’t given up on his dream of finding some philanthropist mogul to somehow save the day.”

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