- Apr 13, 2011
- Reaction score
- Political Leaning
"Whoa, what just happened? In the last day, Larry Summers went from another face in the pack in the race to replace Ben Bernanke as Federal Reserve chairmanrace to the front-runner.
The buzz has hit fever pitch, and the White House has even weighed in, in its own indirect way. President Obama reportedly "really likes" Summers, in the words of the Washington Post's Ezra Klein, whose Tuesday-afternoon blog post amped up the Summers buzz. CNBC's John Harwood also heard from a source close to Obama that Summers "should be" the Bernanke successor."*
You my know Larry Summers for his deregulatory advocacy that helped lead to the financial collapse of 2008. You may soon know him as... Obama's Federal Reserve Chariman. Why? Cenk Uygur breaks it down.
Video @: Is Obama About to Make a HUGE Mistake With the Federal Reserve? - YouTube
Yea if Obama nominates Summers there is no way, literally now way in hell anyone can make an argument that Obama is a "liberal" or "progressive". Obama is nothing be a center right democrat, just like Clinton. This is a huge problem, nominating a man who agrees to this day with the repeal of Glass Stegal. This is a farce and a huge problem for this country, it seems we are continuing down this road..