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View Diary: Thanks to the netroots and Democratic senators with spine, Larry Summers won't be the head Fed (156 comments)

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  •  Kabuki theater (2+ / 0-)
    Recommended by:
    roundhead, OleHippieChick

    Why does anyone think Summers was the front-runner for the Fed job?  Because of anonymous tips "leaked" to hack "journalists."  And that's it.  That and the deep insight those same hacks have into Obama's psyche that leads them to constantly get everything wrong.

    I know this victory diary is supposed to be a pat-on-the-back for all of us who believe in the progressive cause, but they strike me as terribly deflating.

    Why are we so quick to believe the worst about our President?  When the press is reporting good news (like the rumors of a deal to avert a strike on Syria), skepticism abounds.  When the press is reporting bad news (like the inevitability of a Summers appointment), this site is full of credulous the-sky-is-falling diaries.

    Do you know who Obama is going to appoint after Bernanke leaves?  No.  No one does.  It's likely that Summers himself didn't know.

    You want to talk about Kabuki theater?  This is it.

    •  Just like the rumors about appointing Chuck Hagel (5+ / 0-)

      or the rumors about appointing James Comey?

      They're just rumors until the votes have already been lined up in the Senate.  By the time a nomination is officially announced, it's too late to stop it.

      Reasonable suspicion? How can being wrong 98.6% of the time ever be reasonable?

      by happymisanthropy on Mon Sep 16, 2013 at 11:07:32 AM PDT

      [ Parent ]

      •  I seem to remember a lot of resistence to Hagel (0+ / 0-)

        on this site and elsewhere.  And yet he was nominated shortly after his name was floated despite fervid resistance from the left.  

        Somehow Summers' name was floated before Hagel's and yet nothing has happened.

        By the time a nomination is officially announced, it's too late to stop it.
        Of late, it seems like once Obama has decided who he wants it's too late to stop it.
    •  Kabuki it may be (1+ / 0-)
      Recommended by:
      smartalek

      ... but in this case, the plot of the little Kabuki skit has a happy ending for our side.

      Consider a different Kabuki storyline, like this one: 1) Likelihood of Summers' nomination floated through anonymous leaks. 2) Progressives and liberals howl in protest. 3) Ritual pretense from White House of listening to and considering progressive/liberal point of view. 4) Pundit chatter to the effect that the Democratic left is so disagreeable and un-serious. 5) Summers nominated and confirmed, with only Bernie Sanders and Rand Paul voting against.

      We've seen more than enough versions of that second Kabuki skit by now. I like the "Summers withdraws in the face of withering criticisms from liberals and progressives" plot line a whole lot better.

      •  so... Hagel? (1+ / 0-)
        Recommended by:
        mangusta

        as the reply above you helpfully points out.  Summers and Hagel, two parallel stories, with equal outrage on this site to both men.  Except one name is nominated and accepted over a two-week period and the other name languishes for months.

        Here at DKos this is somehow evidence of the power of the liberal blogosphere.  To my mind it suggests that we bloggers don't have any idea what's actually going on.

        I think if Obama wanted Summers as Fed Chief, we'd be watching confirmation hearings on CSpan.  Instead Summers name was floated and left out for a long time with nothing else happening.  My take on that is that, despite the anonymous sources, the President never made up his mind and was testing Summers by letting him stew in his own unpopularity.

        •  Your timetable is mistaken: (0+ / 0-)

          ...First DK mention of Hagel being probable SecDef...was November 30, 2012.

          Second mention: December 13, 2012.

          Hagel nominated: January 7, 2013

          Hagel confirmed: February 26, 2013.

          Three months from first speculation (which some Kossacks said was completely bogus) and seven weeks after he was actually nominated.

          Summers: First speculation anywhere on May 26 but only after President Obama gives interview to Charlie Rose on June 16 do the media begin talk that he is first choice. First speculation at DK July 23: Summers withdraws less than two months later.

          Don't tell me what you believe, show me what you do and I will tell you what you believe.

          by Meteor Blades on Mon Sep 16, 2013 at 04:51:26 PM PDT

          [ Parent ]

        •  Best to win every battle, of course (0+ / 0-)

          Unfortunately, we won only one of your two examples. It's a shame, but no reason to discount the value or significance of our victories when they do come.

          Here at DKos this is somehow evidence of the power of the liberal blogosphere.
          Yes, it is. Evidence of sufficient power to influence the outcome of one important battle.

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