Dusty Bake Activate
Fukk your corny debates
There's report now that Summers as Fed chair is basically a done deal. Janet Yellen isn't even being vetted, despite most of Congress and reputable economists like Joseph Stiglitz, who taught her in college, everywhere vouching for her.
I really don't get Obama still. There are investigative reports and books that shed light on his off-the-record private statements. In Confidence Men, it was reported that his slogan for handling the banking situation when he kept repeating when he first got into office was "Sweden, not Japan." But he ended up just pumping more taxpayer money into zombie banks like Summer and Geithner wanted. Geithner snaked him and moved without his knowledge and authority and he still kissed his ass publicly and privately. He wanted a much larger stimulus but it was scaled back to get the votes of Snowe, Collins, and I think one more Republican Senator. Obama called for more stimulus later, which he's been unsuccessful at getting. Larry Summers wanted it to be even SMALLER than that...like $600 something billion.
Obama is fully well aware of how Summers and Rubin refused to regulate derivatives trading and shadow banking pools which led to the financial collapse, and his role in getting rid of Glass-Steagall.
What is up with Obama's man-crush on this guy who has been wrong about everything, so much so that's he's going to bat for him despite him being disliked by Democrats and Republicans? Why is he getting to be the next Fed chair, and the person who most people thought was Bernanke's qualified clear successor a few weeks ago is apparently now not even being considered?
I really don't get Obama still. There are investigative reports and books that shed light on his off-the-record private statements. In Confidence Men, it was reported that his slogan for handling the banking situation when he kept repeating when he first got into office was "Sweden, not Japan." But he ended up just pumping more taxpayer money into zombie banks like Summer and Geithner wanted. Geithner snaked him and moved without his knowledge and authority and he still kissed his ass publicly and privately. He wanted a much larger stimulus but it was scaled back to get the votes of Snowe, Collins, and I think one more Republican Senator. Obama called for more stimulus later, which he's been unsuccessful at getting. Larry Summers wanted it to be even SMALLER than that...like $600 something billion.
Obama is fully well aware of how Summers and Rubin refused to regulate derivatives trading and shadow banking pools which led to the financial collapse, and his role in getting rid of Glass-Steagall.
What is up with Obama's man-crush on this guy who has been wrong about everything, so much so that's he's going to bat for him despite him being disliked by Democrats and Republicans? Why is he getting to be the next Fed chair, and the person who most people thought was Bernanke's qualified clear successor a few weeks ago is apparently now not even being considered?
Read the first two paragraphs...
