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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?


To: Paul Smith who wrote (53543)9/16/2013 8:07:01 PM
From: koan  Respond to of 85487
 
You need to give us credit for what we do. You are not being fair.

No they wouldn't. He went to congress as he saw how much opposition there was to his plan from the left; and even the congressional Black Caucus.

And maybe you didn't notice, but the liberals forced Summer to withdraw his name. Liberals did that going against Reid and Obama.

They were led by Warren and Sherrod Brown, John Tester and Ron Wyden. They forced Summers to withdraw and I read Obama is really pissed at the left for it.



To: Paul Smith who wrote (53543)9/16/2013 8:18:07 PM
From: koan  Respond to of 85487
 
Summers Is Latest Misplay by Obama's Inept Econ Team

HEIDI MOORE CAN'T BELIEVE THESE GUYS THINK THEY'VE DONE A GOOD JOB

By Kevin Spak, Newser Staff
newser.com
Posted Sep 16, 2013 1:57 PM CDT

"It's time to end the delusion that this White House has accomplished even a fraction of what it should be doing to help the economy.- Heidi Moore"

(NEWSER) – The main question isn't why Larry Summers pulled his name out of the Federal Reserve Chairman derby yesterday, it's "how his candidacy even got this far," writes Heidi Moore at the Guardian. Many prominent senators openly opposed his nomination, as did 300 economists. From the beginning, it should have been crystal clear to President Obama "that tying his fortunes to Summers would have been akin to tying two rocks together to see if they float." But that was not clear to Obama's economic team.

Most of Obama's advisers have worked together since the Clinton years, and backed their old pal Summers "to get the band together again." But this isn't a dream team; under its tutelage, Obama has produced a "litany of failure." He hasn't passed a stimulus since 2009, reduced inequality, passed a food stamp extension, or improved employment. Yet Obama seems blithely unaware of this, peppering speeches with "self-congratulatory" references to recovery. "Maybe he should stop relying on those he knows, and rely instead on those who know what they're doing." Click for Moore's full column.