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View Diary: Handy comparison chart: Janet Yellen vs. Larry Summers (77 comments)

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  •  I wish that I thought this opposition would matter (10+ / 0-)

    While I could end up being pleasantly surprised, the fact that Summers made the short list is depressing in and of itself.  If Summers is Change, then Ryan is a budgetary wonk.  If Summers is Change, then Palin is a foreign policy expert.  If Summers is Change, then Faux News is an objective source.

    There shouldn't be a NEED for lobbying here.  Summers is everything Obama campaigned against in '08.  It should take about 15 seconds for someone w/ Obama's intellect to see that Yellen is the visibly superior choice.

    Some men see things as they are and ask why. I dream of things that never were and ask why not?

    by RFK Lives on Wed Aug 07, 2013 at 07:48:00 AM PDT

    [ Parent ]

    •  Summers has enough institutional support... (2+ / 0-)
      Recommended by:
      Lujane, PSzymeczek

      that Obama has to be seen to be considering him, or he'll alienate people he can't afford to offend.

      Sort of like Erskine Bowles. Remember when everyone was just sure that he was going to be the next Treasury Secretary?

      BTW, that little episode was based on an Ezra Klein "I have super-inside knowledge" column, too.

      Art is the handmaid of human good.

      by joe from Lowell on Wed Aug 07, 2013 at 09:13:46 AM PDT

      [ Parent ]

      •  Erskine Bowles ... (0+ / 0-)

        How that name comes up, mixing memory and desire.  I also remember how Obama appointed him and Alan Simpson to chair a committee on reducing the deficit.  It also included the noted economist Paul Ryan.  The commission was unable to agree on conclusions, so the chairmen issued their own report -- predictable deficit hawkery -- and President Obama treated it as if it were a formal report of the commission, and accepted its recommendations.  So why suppose that Obama is considering Summers only as a false flag, or to appease his corporate base?  He probably does think that Summers is qualified and competent to do the job.

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