“I have reluctantly concluded that any possible confirmation process for me would be acrimonious ...”
” ... and would not serve the interest of the Federal Reserve, the Administration ...”
” ... or, ultimately, the interests of the nation’s ongoing economic recovery.”
So was this the result of Obama giving him a gracious out?
I can’t read the article. Is there another link to use?
Is Bernie Madoff sprung yet?
Leni
So, does this clear the way for Lefty Yellen?
I just read a short biography of Summers. It doesn’t seem like he’d be on board with a lot of Obama’s whacked-out economic theories. Besides that, there were some things that would make the confirmation process interesting.
Bad news. The left in the senate have finally succeeded in taking him down.
So meet the next fed chair. Her name is Janet. And she is a commie:
Don’t confirm anyone until IRS answers all questions.
say hello to tax cheat Timmy.
the next commie Obama nominates will be just as bad
Maybe Putin can help him do his job here, too.
thanks sunmars.
Obama team denies report Summers is Fed pick [9/13]
http://www.usatoday.com/story/money/business/2013/09/13/summers-yellen-federal-reserve/2808511/
In race for Fed chair, Larry Summers reaches out to Elizabeth Warren
http://www.washingtonpost.com/business/economy/in-race-for-fed-chair-larry-summers-reaches-out-to-elizabeth-warren/2013/09/13/40a776ea-1cb0-11e3-82ef-a059e54c49d0_story.html
[snip] Warren has been a vocal critic of Summers’ effort to deregulate the financial sector when he was Treasury secretary under President Bill Clinton. As a member of the committee that will vote first on the White House’s pick for Fed chairman, she could be a roadblock in advancing a possible Summers nomination. [/snip]
Heat..kitchen..yada yada
off stage........ left
the sound of bones, of skeletons in the closet can be heard rattling
Why would any Republicrat want that job? The only economically sound way to unwind Bernanke’s mess is to plunge us into recession and get blamed for it - and that takes courage.
Or if they can continue the money-printing, and when interest rates keep going up, the Fed will be insolvent, and it only gets worse from there.
Or he knew about the letter and wanted a ‘dove’ and not a ‘hawk’ on inflation. Yellen is a hardcore lefty and they love her. We’ll get the worst out of her.
http://www.economicpolicyjournal.com/2013/09/the-truth-about-janet-yellens-forecast.html
It’s a ruse to get that Commie woman in there just like all the other commiserate women setting up the inability for pubbies to criticize women prior to Clinton...that’s my take and there is no such thing as convoluted or paranoid anymore.
Summers was never the choice. It’ll be turbo tax timmeh.