Clinton Treasury Sec Rubin Backs McGinty
Katie McGinty received the endorsement today of beloved and hated former Treasury Secretary Robert Rubin. Rubin was Secretary of the Treasury in the Clinton Administration from 1995 to 1999.
McGinty also worked in the Clinton White House as the Chairperson of the Council on Environmental Quality from 1995 to 1998.
“I’ve known Katie McGinty for 20 years. Katie McGinty is a proven problem-solver who understands good environmental policy is good economic policy,” Rubin said. “Katie excels at bringing different perspectives together to find common ground. Her leadership and common sense approach to solving the most difficult problems would make her an excellent governor. She has my support in her race for governor and I hope others will join me as well.”
“I am honored to have Bob Rubin’s support,” McGinty said. “Secretary Rubin, working with President Clinton and Vice President Gore, led the country to a time of unprecedented economic growth and job creation during the Clinton years.”
This move should not come as a surprise; McGinty has already been endorsed by several other officials from the Clinton regime.
What remains unclear, however, is whether Rubin’s support will help or hurt her candidacy. Initially Rubin was considered an economic heavyweight responsible for the booming economy of the late 1990’s. Lately, though, thanks to his efforts to repeal the Glass-Steagall Act he is seen by many Democrats as an architect of our economic misfortune.
Just this week Larry Summers, Rubin’s prized protege, removed himself for considered for Federal Reserve Chairman because of his past economic policies.
Other Democratic candidates for Governor included former DEP Secretary John Hanger, Allentown Mayor Ed Pawlowski, Congresswoman Allyson Schwartz, and former Secretary of Revenue Tom Wolf. State Treasurer Rob McCord is also widely expected to run.