WASHINGTON (11/12/14)--Jim Nussle, president/CEO of the Credit Union National Association, appeared on MSNBC's "Morning Joe" Tuesday morning and used the opportunity to highlight credit unions before the show's national audience.
|CUNA President/CEO Jim Nussle, appearing on MSNBC's "Morning Joe" Tuesday, said credit unions are often good at using hard evidence to support their arguments on regulatory discussions with government representatives. (CUNA Photo)|
Nussle, a former director of the White House Office of Management and Budget (OMB) under President George W. Bush, as well as an eight-term congressman, was invited to the show to discuss a book he co-edited that applies the same data-driven principles of baseball's Moneyball to government. In short, the moneyball thesis suggests a re-evaluation of under-valued assets versus over-valued assets to build strength. Nussle's co-editor is Peter Orzag, who previously served as director of the OMB under President Obama.
Nussle said credit unions are often good at using hard evidence to support their arguments on regulatory discussions with government representatives. "But rarely do we use it on the legislative side, and particularly in spending and appropriations, and that's what's we're hoping to encourage through the use of this book," he said.
The book's premise is that government can take a cue from Major League Baseball and Billy Beane, the legendary general manager of the Oakland Athletics who forever changed baseball by using data and statistics to overcome a tremendous financial disadvantage. Through the intelligent application of data, government can drive public resources to programs that demonstrate success, and away from those that fail.
"Part of the challenge is that you never meet a government program or a spending program that doesn't have a constituency, that doesn't have a special interest group that comes to Washington lets you know all the positive things and puts pressure on you to fund it," Nussle said in the interview. "They rarely bring evidence, but they bring a lot of pressure."
"Moneyball for Government" was also noted in Mike Allen's Politico Playbook Tuesday.