Posted on 09/15/2013 2:33:33 PM PDT by Nachum
Former White House economic adviser and Treasury secretary Lawrence H. Summers has withdrawn his name as a candidate for Federal Reserve chairman, a person familiar with the matter said Sunday. President Obama had been strongly considering naming Summers to the post after their long experience fighting the financial crisis and recession. The decision may mean that another top candidate, current Federal Reserve vice chairman Janet Yellen, will get the job, or another candidate. In a letter dated Sunday to the president, Summers wrote that he was withdrawing his name. “It has been a privilege to work with you since the
(Excerpt) Read more at washingtonpost.com ...
The list, Ping
Let me know if you would like to be on or off the ping list
RATS_JUMPING_SINKING_SHIP_PING!
Thomas Sowell.
Understands the game, is a (formerly) "repressed" minority, has the credentials and would right the ship in no time at all.
NOOOOOOOOOOOOOOOOOOOOOOOooooooooooooooooooooooooooooooooooo!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Every government employee named Janet has been an unmitigated disaster!
Come to think of it...every ‘Rat has been an unmitigated disaster for over 100 years.
Summers over!
The femi-nazi’s did him in at Harvard and I think he was not willing to go thru that whole process again. He is a bit of a jerk..always the smartest guy in the room and plays the role. He’s a friend of a friend. These big time Profs often lack the social skills to be good leaders.
uggh no you didit!
There is a God!
He's forced to reuse the same people over and over, partly because he doesn't know that many people, but mostly because he can't afford to bring new people into the inner circle where the truth lies.
The more he has to bring in new players, the more exposed he becomes to his secrets being leaked.
-PJ
Summers Fall!
It will be Yellen. David Stockman spoke of her at some length in his latest book. Bottom line-—she’s a liberal’s liberal. The printing presses will be running full-tilt 24/7.
Stock Market will be up on this news, they like easy money! Yellen is their current flavor of the day.
REMEMBER, Wall Street is full of TRADERS not INVESTORS. It is what is good for me today, not what is good for the country next week, month year! To me this does not look like a long-term good thing, but POTUS will look at it as his best chance to get the best possible 2014 outcome.
“Larry was a critical member of my team as we faced down the worst economic crisis since the Great Depression, and it was in no small part because of his expertise, wisdom and leadership that we wrestled the economy back to growth and made the kind of progress we are seeing today,” Obama said.
Memo to nobama: You lost the wrestling match some time ago. Time to be a man(?) and admit defeat.
He's forced to reuse the same people over and over, partly because he doesn't know that many people, but mostly because he can't afford to bring new people into the inner circle where the truth lies.
The more he has to bring in new players, the more exposed he becomes to his secrets being leaked.
That may not be the whole story, Political Junkie Too, but I'm sure it's a much larger part than most people can imagine.
Heard someone say on Kudlow’s show yesterday that Timmie Geithner may be the recipient of the new Fed Chief Position.
Bottom line: there isn't a dime's worth of difference between the two. Both will print money till hell won't have it.
Must be something disturbing in his NSA records.
Very true.
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