I'd go to the trouble of signing a petition against his appt.
Joanna
----- Original Message -----
On 2013-07-26, at 8:52 AM, Robert Naiman wrote:
>
> "Moveon.org, a liberal group that provided major support to both Obama presidential campaigns, is circulating a petition entitled: "Don't let Larry Summers head the Fed," which accuses him of laying the groundwork for the deep U.S. recession."
>
> - Opposition mounts to Summers as possible Fed chief
> http://www.reuters.com/article/2013/07/26/usa-fed-summers-idUSL1N0FV0T820130726
>
> Referring to this:
>
> Don't let Larry Summers head the Fed
> http://petitions.moveon.org/sign/dont-let-larry-summers?source=c.url&r_by=1135580
Summers is an abusive character, but is there even a dime's worth of difference between him and the other rumoured contender, Janet Yellen?
Even were one a conservative Republican and the other a liberal Democrat, evolving economic and political conditions effectively decide policy direction at the Fed and throughout the state apparatus.
But there are not even any ideological differences to muddy the waters here. Yellen served under Greenspan at the Fed and was also, like Summers, a key economic advisor in the Clinton administration. If Summers can be accused of helping lay the groundwork for the deep US recession, so too can Yellen, which suggest that the objections to Summers by Moveon and other US liberals are entirely personal rather than political in nature.
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