Another Lost Year for America's Workers

Another Lost Year for America's Workers

WASHINGTON - President Obama's decision to name Jacob Lew, his chief of staff and former budget director, to be his Treasury secretary sent a depressing signal that the economy and jobs won't be his highest priority in a second term.

With unemployment remaining stubbornly high in the fifth year of his presidency, the job of Treasury secretary cries out for a hard- driving, corporate chief executive with strong economic credentials.

Instead, Obama intends to pick Lew who has reigned over his big spending budgets (and five consecutive trillion dollar deficits), and more recently has run the...