Obama: 'Ruthless Pragmatism' Needed

What to call President Obama's political philosophy with regards to the economy? What about "a ruthless pragmatism"-the president coins that one himself in an interview with The New York Times Magazine's David Leonhardt. Asked about the perceived lack of intellectual diversity on his economic team, Obama says, "[T]he truth is that what I've been constantly searching for is a ruthless pragmatism when it comes to economic policy." In the interview, Obama emphasizes that the era of big bonuses and "illusory wealth" is behind us. He also expresses his hopes for the next generation of the U.S. workforce, saying that a college education is a must and that more math and science students will be needed to restore a balance between the service and manufacturing sectors.