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View Diary: The Desensitization Continues - Updated (53 comments)

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  •  His "Liberal/Progressiv base" has no real interest (1+ / 0-)
    Recommended by:
    Deep Texan

    in who is named Fed Chairman.  Be it Summers or Yellen, there will not be a difference in Fed Policy.  

    "Because I am a river to my people."

    by lordcopper on Fri Sep 13, 2013 at 06:00:43 AM PDT

    •  Let's say both of your points are correct: (14+ / 0-)

      That no one cares who's named Fed chair and there's no policy difference between Summers and Yellen.

      The selection of a woman over a notorious sexist asshole would still be a clear signal of the social priorities of this Administration... as will the choice of the asshole who happens to be a presidential friend.

      When you triangulate everything, you can't even roll downhill...

      by PhilJD on Fri Sep 13, 2013 at 06:10:19 AM PDT

      [ Parent ]

    •  Saying there will not be a real difference (5+ / 0-)

      is a bit like saying there wouldn't have been a real difference between Obama and Romney as president.

      Warmongering? Check.
      Coddle the 1%? Check.
      Coddle Wall Street and the Corporatocracy? Check.
      NSA abuses? Check.
      Drill/Frack/Mine/Cut/Pollute? Check.
      Prosecute citizen whistleblowers? Check.
      Don't prosecute politician war criminals? Check.

      But I still voted for Obama and would do so again against any Republican. Just small differences in LGBT rights philosophies, differences in attitude toward forming a theocracy, and a few miniscule but important cultural differences are all we get anymore.

      By that standard, Yellen is better than Summers: little real difference, but still marginally better. What's the choice? We're not getting Elizabeth Warren or Paul Krugman as Fed Chairman, even though it would probably be the best thing that ever happened to the world economy, so - in what's become the American Mantra - we get the lesser of two evils. Sigh.

      "Bernie Madoff's mistake was stealing from the rich. If he'd stolen from the poor he'd have a cabinet position." -OPOL

      by blue in NC on Fri Sep 13, 2013 at 06:54:02 AM PDT

      [ Parent ]

    •  Who is more likley to be the better regulator? (3+ / 0-)
      Recommended by:
      aliasalias, joe shikspack, Kombema

      The sexist Ahole who boxed in Brooksley Born or Janet Yellen who did see it coming? That's what's going to matter since the Fed is one of the most important regulators in our financial system(without Glass Steagall). It mattered that Bernanke went on TV and lied to everyone's face a few night's before the crash. I'm not saying Yellen is perfect, she erroneously thought the crisis could be contained once the threshold has been reached, but this statement attempts and fails to sweep this difference under the rug. That being said, seeing the crisis coming matters. What doesn't matter is anyone making statement saying it doesn't matter.

      And more people will be paying attention this time, just as normal people have had to educate themselves on these matters because they now know they must.

      Those who deflect debates about the issues with complaints about tone usually have a lot to atone for.

      by priceman on Fri Sep 13, 2013 at 10:42:16 AM PDT

      [ Parent ]

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