"Summers worked in the Clinton administration as a protege of Treasury Secretary Bob Rubin, and helped lead the effort to deregulate Wall Street. Rubin, a long time Goldman Sachs trader and executive, moved to Citigroup after his time in the Clinton administration."

http://www.huffingtonpost.com/2013/07/23/larry-summers-fed-chairman_n_3641737.html

Just as Ray Kelly would be about militantly protecting the 1%. His racism is just an added bonus as well.

http://www.democraticunderground.com/10023316627

cabinet. It is way past time to stop pretending he has 'no power' or it's 'not his fault, Republicans are making him do it'. This is past history now. The question is, what do we do now? Electing Democrats got us a whole of Republicans placed in the cabinet of a Democratic President, it did not end Bush policies, but in some instances it strengthened them. We know all this, we've been aware of it for a long time. But now it's time to move from this era in our history and start planning from what we have learned, what we must do to from now on.

Virtually EVERY appointment from the first (Rahm Emmanuel) have been Third-Way corporatists. We MAY have a chance to change that in 2016 IF we can talk a liberal into running (Elizabeth Warren) and IF we can keep her alive through the candidate-pre-selection process commonly known as the primaries wherin the largest state of the union doesn't get a say-so.

The boys club is alive and well, I guess.

It is the one thing he manages to stick to despite the disgust of liberals/progressives. He sucks up to these criminals every single time!

decades ago when she predicted the 2008 crash well ahead of time, was a woman. And HER math was certainly more accurate than Summers or Greenspan's. Instead of listening to her they told her to shut up and that SHE was the problem, not deregulation of the markets.

SHE. WAS. RIGHT.

So this little pig can take his "women can't do math" bullshit and shove it.

http://www.pbs.org/wgbh/pages/frontline/warning/interviews/born.html

He is a misogynist asshole.

Women ought to be up in his face over this thought, balloon, whatever the fuck it is.

Let the prez o know this is unacceptable!

Women tend to do better at MATH and CALCULATIONS.

Men seem to do better with geometry and spacial relationships.

But these differences are minuscule and really not much to base anything like who makes a better scientist on.... especially when one factors in the HUGE barrier men have put up for women to overcome.



(now watch people flame this...because they went blind after the subject line and lost all comprehension skills)

But I read your whole post, not just the subject!

If you don't believe me, just ask him.

and is probably useful as one member of an advisory team, but he's not fit to lead other human beings.

Not only sexist, but a complete asshole.

The guy's that guy who gets a degree but demonstrably knows fuck-all about his subject. That's not even touching on his human failures such as being a sexist and an anti-environmentalist loon.

Why would Obama bring him back? He's a failure as an economist. He's a failure as an economic adviser. He's a failure as Treasury Secretary. He's a failure as a university administrator. He's a failure at supervising other people. He's even a failure teaching the subject he has his Ph.D in.

Larry Summers needs to take his personal money and open a plumbing-supply store or a bakery or something where his economic impact is limited to his own wallet.

Which is perhaps more dangerous than knowing nothing.

Seriously. I can think of several reasons having to do with economic policy to disapprove of Larry Summers as Fed Chair, but his misogny is not an issue for the appointment, as it is not qualification for the position and would in no way affect his performance in that office.

Yes, I agree, the man is personally repugnant, but I would put Al Capone in a position if he was able to do the best job and would best serve the interests of the nation.

Clinton was morally and personally a jackass and an idiot, but he made a pretty decent president in many respects.

Campaign Obama is not Administration Obama. Very few in Washington are on our side. And those who were before they got there are quickly corrupted.

Obama may as well invite Summers to take what is left of the economy. That is exactly what that Fed appointment would be. By all rights, Summers and his little gang ought to be in prison.

Even considering Summers for the Fed is a big "fuck you" to all of us. That is a betrayal too far, for me. I can no longer maintain the hope that Obama means well. It's clear that he just doesn't. And that really disgusts me.

Just kidding.

Sickening that he's even being considered.

Petition needs 150 signatures to go public.

http://wh.gov/laL7L


Contents of petition

we petition the obama administration to:
Not nominate Lawrence Summers for Federal Reserve Chairman.

As Treasury Secretary Mr Summers was a strong advocate for the elimination of Glass Steagall. He was also a very vocal and influential proponent of mortgage backed derivatives. Two major factors leading to the financial meltdown and the tax payer bailout of the Too Big to Fail Banks.

His appointment as FED Chairman would be a boon to Wall Street and a disaster of epic proportions for Main Street. His policies would accelerate and widen the already monstrous wealth gap in our nation.

Please...No to Lawrence Summers for FED Chair.

to sign a petition. Put one up at Change.org and I'm in.

I also do not understand the policy of this government and I do not know why they are considering Larry Summers for this post. There are many more names, which is better than him.

It that "let's change things....without changing anything!"

The ACA is an example. It is better than no ACA.... but jumps thru hoops to not really change what needs to be changed: that Health Insurance Companies must go.

Obama is milquetoast when we need someone strong to fight the mad elephant that doesn't care about right or wrong. He is ill served by his advisers. I think he could do much better with better people around him.

Looking forward to their input on this OP. Should be fun, hope they don't disappoint by choosing to let it sink unrebutted.

civilian populations. That's how bad he is.

So very true!

What can he do right rather?

QE to infinity and beyond?

Taper?

Either options creates long lasting consequences, some of which are negative.

The wizards at the helm don't know what the fuck they are doing. Summers will be no different. He might be an asshole who loves corporate interests, but he is as clueless as the rest of the economic zealots

Seriously, what Democrat would even suggest Summers?

to replace Napolitano???

of "Bell Curve"/ scientific racism fame to the department of education?

the horse is`t dead yet so murray can work his charm till the bitter end.

Depressing.........

If Obama doesn't nominate Summers, Hillary will!

for cabinet seats. He is really good to big business. We know how they all need help keeping afloat in this hard economy. Poor billionaires.

But I understand about Summers. I wouldn't doubt that he is both nominated and confirmed. Idiocracy, baby!

There's a new one every day.

There's a new, worse one every day.