If you write something that gets a bad response, or someone commits candor or is off message, there are often consequences almost immediately when it appears in the paper or a magazine, that somebody gets called into the boss's office. And sometimes it can result in a loss of access for the reporter.

I don't have to deal with the issues of the daily news cycle.

Summers was simply a master explainer, able to deftly boil down the complexities of economic and financial, and to put them in terms the non-expert could understand. He was brilliant at cultivating a sense of control, even as events spun far beyond what could be managed with any certainty. He could will into being the confidence that eluded others, those less self-assured and, maybe sensibly, on humbler terms with the world.

The fact is, most journalists I know are not particularly political. They move around a lot.

The President [Barack Obama] is very focused on [healthcare]. He, of course, is also writing this speech at high speed. And right coming up until the speech, he is convinced that a full plan, letter and verse of what the administration wants, will be released.

The President [Barack Obama], I think if you look at it from his shoes, you know, was facing a very difficult situation where he had to own Washington, tame New York, save a collapsing economy, with a collapsed financial system. He moved, I think, to a team that he felt was tried and true, in terms of dealing with financial crisis. That was his decision.

Many years later, a psychiatrist friend of mine said something to us. He said, "Respect denial." It's a powerful force.