http://www.salon.com/news/larry_summers/?story=/tech/htww/2010/09/22/the_incredible_stupidity_of_replacing_larry_summers_with_a_ceo

If the Obama administration appoints a corporate executive to replace Larry Summers as National Economic Council director then the White House fully eserves the thumping it will get in November.

The ostensible reason for this colossal misunderstanding of the current political situation, sourced to anonymous adminstration officials, is that the White House wants "to allay the business community's doubts about administration policies."

This is nonsense. The only way for Obama to "allay" the so-called business community's "doubts" would be to join with Republicans in seeking a repeal of bank and health care reform, abandon his efforts to raise taxes on the wealthy, and fire Elizabeth Warren. By the definition currently employed on the opinion pages of the Wall Street Journal, anything to the left of Ayn Rand or Jim DeMint is "anti-business." The bleating from Wall Street executives who feel bullied and demonized only proves one thing: Anything less than their total freedom to pursue profit free of all government restraint is utterly unacceptable -- no matter what the consequences for the country at large.

The very notion that Obama is "anti-business" is an absolute charade, cooked up by conservative pundits and fed by financial industry lobbying muscle. It has no connection to on-the-ground reality, and if administration officials think it is one of Obama's problems then they are the worst kind of spineless idiots.

(...)

The President does the appointing.

Has he announced his pick yet?

we know what your position will be.

Since you're into predictions, care to share your yet-to-be-disclosed opinion of the next nominee?

I can take a guess, but would love to hear your prediction of your own opinion.

I could re-write the same thing here, but why?

I have no idea who he will turn to. I do have a pretty good idea, based on history, that you will be supportive.

I would love to hear you guess at someone he might pick that you would not support. Can you tell us which appointments he has made that you do not think were good? How about his speeches? Any of them that you found disappointing or ineffective? Is there any part of his foreign, trade, education, or economic policy that you find lacking or wrong-headed?

I have several posts that praise the president for actions and words that I appreciate, actions and words that I find attune to a progressive administration. I also have posts where I have complained that I find this or that action or speech to be too conciliatory to the right wing forces in Washington. So my position is that you cannot predict my reaction. If he does appoint corporate stooge, I will be upset. If he appoints a person with credentials that indicate a progressive and less DLC, money-raising maven, I will be glad to register my pleasure.

Would you care to point me to posts where you take the president to task for something he has done or not done? You could just tell us what things the president has done that have disappointed you, angered you, or just not met your expectations of what you thought he could do or should be. We have all seen the myriad positive posts you have produced. Good on you for prompting the president to do what you thought he should. And perhaps this president is, by your measure, perfect. But, lacking any posts that express something short of awe and praise (nothing wrong with those) I think it would be fair to say that most of us could figure out what your reactions would be to anything he does.

replacement come from? Whomever gets selected, there will be tons of moaning and groaning.

Same as it ever was.

the pool Summers' replacement should come from is the pool of people that aren't CEOs, which is a very large pool.

Your spin of this as a bad ting says to me you didn't pay attention to any of the committee meetings on the Madoff scandal---which shows how much info you don't know.

As my sister used to say, 'Oh Brudder'.

It's funny you should say that because Harry Markopolos would say you're wrong. Very wrong.

http://en.wikipedia.org/wiki/Harry_Markopolos

I'd be ok with that.

However, if you ever listened to him speak, he'd say you'd need someone who knows the financial system well. Someone who's made the money and has no interest in making the money because while they ruled it they'd know also how to regulate it. And he said a CEO is a good one or any of the really rich guys from Wall Street.

:thumbsdown:

the unions.

unrec

:thumbsdown:

:puke:
and
unrec :thumbsdown:

Some embrace ethical, sustainable business practices and are successful despite. Why wouldn't you want someone like that advising the President?

IF Obama beat his wife, that would be really bad too.

IF Salon decides to write a story based on something that has actually happened, then MAYBE it should be posted.

Lame.

If...

We have 40 days till the election.

The fact that you continue looking for
speculative future issues to criticize the President about
is revealing.

Unrec and hide. :wtf:

in this WH. Hence the move to put in this CEO in Summer's spot. WTF is that?