Larry's out. Yellen is almost certainly in.
Apparently, Summers felt that the process would have been too acrimonious. Politico speculates that the decision has much to do with Democratic opposition.
The bigger picture: Some Dems are starting to understand, finally, that Obama isn't a real Dem. First on Syria, now on this issue: Democrats are starting to treat this president as they would treat a president from an opposition party.
Here's the bad news: There's some talk that Obama will go for Tim Geithner instead of Yellen. Yow! Give me Larry over Timmy any day of the week...
3 comments:
Timmay! God no.
Geithner and Summers should both be in jail being jerked up by their short hairs instead of on a short list to Head the Fed.
To steal a comment I read somewhere, Summers and Geithner are like "vomit taking a shit."
I don't know which one repulses me more.
I read that Geithner has already said he doesn't want the position. That should mean Yellen but POTUS may pull yet another bunny out of the hat. The negative-speak on Yellen [probably by pro-Summers' people] was that she wasn't a 'team player.' Meaning not a member of the Boyz Club.
No one should be surprised that Barack Obama is 'not' a liberal Dem. The political spectrum has moved so far right that in days past, Barack Obama would be considered a moderate to liberal Republican. But the Koolaide was so strong people saw what they wanted to see. Now they're disappointed.
That being said, the so-called Republican party is so toxic and crazed that Obama seems the only reasonable alternative. In truth, voters have little choice anymore. Both parties are owned, so we get to choose between death by firing squad or slow poisoning.
Life is grand!
Peggysue
The political spectrum has moved so far right that in days past, Barack Obama would be considered a moderate to liberal Republican.
Moderate to conservative: to the right of Nixon, Ford, or Eisenhower, and barely to the left of Goldwater. By comparison, he makes Lindsay or Rockefeller look like Marxists. None of those Republicans except Goldwater would have even considered something like chained CPI (which Yellen supported, by the way).
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