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Summers Withdraws Name for Fed Chairmanship
WSJ ^

Posted on 09/15/2013 1:30:21 PM PDT by sunmars

Former Treasury Secretary Calls Obama, Cites 'Acrimonious' Coming Confirmation

(Excerpt) Read more at online.wsj.com ...


TOPICS: Breaking News; Business/Economy; Crime/Corruption; Government
KEYWORDS: bho44; fed; feminazis; feminazism; feminism; harvard; larrysummers; nwo; pc; summers; whatissummershiding
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Obama's trial balloon blows up in his face.
1 posted on 09/15/2013 1:30:21 PM PDT by sunmars
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To: sunmars

“I have reluctantly concluded that any possible confirmation process for me would be acrimonious ...”

” ... and would not serve the interest of the Federal Reserve, the Administration ...”

” ... or, ultimately, the interests of the nation’s ongoing economic recovery.”


2 posted on 09/15/2013 1:31:23 PM PDT by sunmars
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To: sunmars
Obama will have to find another commie.
3 posted on 09/15/2013 1:32:17 PM PDT by fatnotlazy
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To: sunmars

So was this the result of Obama giving him a gracious out?


4 posted on 09/15/2013 1:32:51 PM PDT by 9YearLurker
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To: fatnotlazy

Looks like Obama could’nt get a a parcel passed at a kids birthday at this rate.


5 posted on 09/15/2013 1:33:07 PM PDT by sunmars
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To: sunmars

I can’t read the article. Is there another link to use?


6 posted on 09/15/2013 1:36:19 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: Diana in Wisconsin

Only breaking, i’m sure we can update it when full details come out.


7 posted on 09/15/2013 1:37:20 PM PDT by sunmars
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To: fatnotlazy

Actually his problem is that he’s not hard left enough.


8 posted on 09/15/2013 1:37:51 PM PDT by scrabblehack
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To: sunmars

OK. Thanks. :)


9 posted on 09/15/2013 1:38:32 PM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
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To: sunmars; mickie; pax_et_bonum
Obama will find someone else who's suitable for the post, never fear.

Is Bernie Madoff sprung yet?

Leni

10 posted on 09/15/2013 1:40:33 PM PDT by MinuteGal
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To: sunmars

So, does this clear the way for Lefty Yellen?


11 posted on 09/15/2013 1:40:46 PM PDT by Jane Long (While Marxists continue the fundamental transformation of the USA, progressive RINOs stay silent.)
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To: sunmars

I just read a short biography of Summers. It doesn’t seem like he’d be on board with a lot of Obama’s whacked-out economic theories. Besides that, there were some things that would make the confirmation process interesting.


12 posted on 09/15/2013 1:41:43 PM PDT by grania
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To: sunmars

13 posted on 09/15/2013 1:41:52 PM PDT by E. Pluribus Unum (When your policy is to rob Peter to pay Paul, you can count on enthusiastic support from Paul.)
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To: grania

Obama has a way of leaving presumptive nominees hanging out there, slowly bleeding to death. Not the first time he’s done it.


14 posted on 09/15/2013 1:42:48 PM PDT by sunmars
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To: Jane Long

Most likely. If she continues QE-infinity, it’s good to hold on to gold & silver.


15 posted on 09/15/2013 1:44:15 PM PDT by rfp1234 (Impeach We Much!)
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To: sunmars
"Summers Withdraws Name for Fed Chairmanship"

Bad news. The left in the senate have finally succeeded in taking him down.

So meet the next fed chair. Her name is Janet. And she is a commie:


16 posted on 09/15/2013 1:44:56 PM PDT by BarnacleCenturion
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To: Jane Long

“So, does this clear the way for Lefty Yellen?”

Bingo!


17 posted on 09/15/2013 1:46:03 PM PDT by BarnacleCenturion
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To: BarnacleCenturion

http://www.washingtonpost.com/business/economy/larry-summers-withdraws-name-from-fed-consideration/2013/09/15/7565c888-1e44-11e3-94a2-6c66b668ea55_story.html

Better link, if anyone knows how to update or change article, then please do.


18 posted on 09/15/2013 1:46:34 PM PDT by sunmars
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To: sunmars

Don’t confirm anyone until IRS answers all questions.


19 posted on 09/15/2013 1:47:08 PM PDT by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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To: sunmars

say hello to tax cheat Timmy.


20 posted on 09/15/2013 1:47:21 PM PDT by Perdogg (Cruz-Paul 2016)
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To: sunmars

the next commie Obama nominates will be just as bad


21 posted on 09/15/2013 1:47:38 PM PDT by bigbob
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To: sunmars

Maybe Putin can help him do his job here, too.


22 posted on 09/15/2013 1:50:02 PM PDT by JohnBrowdie (http://forum.stink-eye.net)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...

thanks sunmars.

Obama team denies report Summers is Fed pick [9/13]
http://www.usatoday.com/story/money/business/2013/09/13/summers-yellen-federal-reserve/2808511/

In race for Fed chair, Larry Summers reaches out to Elizabeth Warren
http://www.washingtonpost.com/business/economy/in-race-for-fed-chair-larry-summers-reaches-out-to-elizabeth-warren/2013/09/13/40a776ea-1cb0-11e3-82ef-a059e54c49d0_story.html

[snip] Warren has been a vocal critic of Summers’ effort to deregulate the financial sector when he was Treasury secretary under President Bill Clinton. As a member of the committee that will vote first on the White House’s pick for Fed chairman, she could be a roadblock in advancing a possible Summers nomination. [/snip]


23 posted on 09/15/2013 1:50:21 PM PDT by SunkenCiv (It's no coincidence that some "conservatives" echo the hard left.)
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To: fatnotlazy

Summers would have been our BEST choice since someone was gonna get it. What we will get will be much much worse.


24 posted on 09/15/2013 1:52:48 PM PDT by RIghtwardHo
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To: SunkenCiv

Did’nt get very far did he, Obama cant even get his Fed pick through now, lol.


25 posted on 09/15/2013 1:53:26 PM PDT by sunmars
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To: bigbob

Nope. Will be worse by a magnitude of 10.


26 posted on 09/15/2013 1:53:54 PM PDT by RIghtwardHo
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To: fatnotlazy

crooks....all of them...fed...congress nobama...the whole system wants to fail the middle class and America as a whole...market today is a total LIE...what is the difference between madoff and the govt and fed shysters...really?


27 posted on 09/15/2013 1:55:40 PM PDT by ldish (i am tired of the sh^t, tired of this sh^t, tired of this sh^at!!!!)
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To: sunmars

Heat..kitchen..yada yada


28 posted on 09/15/2013 1:55:59 PM PDT by NormsRevenge (Semper Fi --)
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To: sunmars

off stage........ left

the sound of bones, of skeletons in the closet can be heard rattling


29 posted on 09/15/2013 1:57:57 PM PDT by bert ((K.E. N.P. N.C. +12 ..... Travon... Felony assault and battery hate crime)
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To: MinuteGal

Unfortunately, you are spot on Leni. Obummer’s initial picks are always the Devils that we know where as the subsequent ones are always the Devils in disguise.
6 of one or a half dozen of the other.


30 posted on 09/15/2013 1:59:50 PM PDT by JerseyDvl (Cogito Ergo Doleo Soetoro, ABO and of course FUBO!)
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To: MinuteGal

John Corzine is available.


31 posted on 09/15/2013 2:01:21 PM PDT by Lurkina.n.Learnin (If global warming exists I hope it is strong enough to reverse the Big Government snowball)
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To: JerseyDvl

except this one did not even get out of the gate, it was lame before it even left the stable.


32 posted on 09/15/2013 2:01:41 PM PDT by sunmars
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To: MinuteGal
Obama will find someone else who's suitable for the post, never fear.

How about John Corzine? He makes things disappear with ease.
Our debt could be wiped clean on paper anyway. Like all the others close to Obama he wouldn't be accountable and there would be no acrimonious behavior within the executive branch.

33 posted on 09/15/2013 2:03:26 PM PDT by Joan Kerrey
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To: BarnacleCenturion

She looks like something out of Kiev back in the day.


34 posted on 09/15/2013 2:05:56 PM PDT by Vermont Lt (Quis custodiet ipsos custodes? Who will watch the watchers?)
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To: BarnacleCenturion

She appears trim in your photo, but she has an inflationary bias.


35 posted on 09/15/2013 2:10:13 PM PDT by 1010RD (First, Do No Harm)
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To: Vermont Lt

sorry this just came over twitter and i fell about laughing.......

Biden in Iowa: “I think John Kerry has been one of the best secretaries of state so far in the history of the United States of America.”


36 posted on 09/15/2013 2:12:02 PM PDT by sunmars
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To: sunmars

Why would any Republicrat want that job? The only economically sound way to unwind Bernanke’s mess is to plunge us into recession and get blamed for it - and that takes courage.

Or if they can continue the money-printing, and when interest rates keep going up, the Fed will be insolvent, and it only gets worse from there.


37 posted on 09/15/2013 2:12:44 PM PDT by ReaganGeneration2
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To: sunmars

Or he knew about the letter and wanted a ‘dove’ and not a ‘hawk’ on inflation. Yellen is a hardcore lefty and they love her. We’ll get the worst out of her.

http://www.economicpolicyjournal.com/2013/09/the-truth-about-janet-yellens-forecast.html


38 posted on 09/15/2013 2:16:22 PM PDT by 1010RD (First, Do No Harm)
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To: MinuteGal

Corrine, obvious choice.


39 posted on 09/15/2013 2:16:35 PM PDT by USNBandit (sarcasm engaged at all times)
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To: Jane Long
So, does this clear the way for Lefty Yellen?

More like Bolshy Yellen. But yes she's definitely in.

Obama wanted Summers worse than he wanted Assad. But he peed down his leg and ran for cover on this one too.

40 posted on 09/15/2013 2:17:09 PM PDT by Fightin Whitey
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To: BarnacleCenturion

Another bull dagger. Fits right in with the rest of his picks.


41 posted on 09/15/2013 2:19:07 PM PDT by jersey117
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To: Diana in Wisconsin

http://www.cnbc.com/id/100997096


42 posted on 09/15/2013 2:28:43 PM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: scrabblehack
Yep. I imagine the feminist outrage would have derailed him.

Feminist groups are still unhappy with Lawrence Summers, a top candidate for chairman of the Federal Reserve, over a comment from 2005 that they dubbed sexist.

He was the president of Harvard at the time, addressing an economics conference when he made the controversial comment:

“It does appear that on many, many different human attributes — height, weight, propensity for criminality, overall IQ, mathematical ability, scientific ability — there is relatively clear evidence that whatever the difference in means — which can be debated — there is a difference in the standard deviation, and variability of a male and a female population,” Summers said.

http://dailycaller.com/2013/08/07/now-still-doesnt-like-lawrence-summers-eight-years-later/#ixzz2f00t0fAS

43 posted on 09/15/2013 2:29:57 PM PDT by PghBaldy (12/14 - 930am -rampage begins... 12/15 - 1030am - Obama's advance team scouts photo-op locations.)
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To: sunmars

It was a head fake, at best.


44 posted on 09/15/2013 2:45:55 PM PDT by SunkenCiv (It's no coincidence that some "conservatives" echo the hard left.)
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To: sunmars

It’s a ruse to get that Commie woman in there just like all the other commiserate women setting up the inability for pubbies to criticize women prior to Clinton...that’s my take and there is no such thing as convoluted or paranoid anymore.


45 posted on 09/15/2013 3:11:18 PM PDT by CincyRichieRich (“Life is hard, but it’s harder when you’re stupid.” John Wayne)
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To: sunmars; Lurkina.n.Learnin; Joan Kerrey; USNBandit; JerseyDvl; mickie; flaglady47; pax_et_bonum; ...
Hah, not only are there no more Arab Springs, but there's no more Obama Summers.

Yuk, Yuk...

Leni

46 posted on 09/15/2013 3:18:20 PM PDT by MinuteGal
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To: USNBandit

I need glasses. I meant to say Corzine, the obvious choice.


47 posted on 09/15/2013 4:02:56 PM PDT by USNBandit (sarcasm engaged at all times)
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To: xzins
"Don’t confirm anyone until IRS answers all questions."

This. Bump.

48 posted on 09/15/2013 4:04:08 PM PDT by Colonel_Flagg (My PV2 is my hero.)
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To: Jane Long
Yes. This whole Kabuki Theater was to get Yellen in. At least it's not that Yellin chick on CNN...


49 posted on 09/15/2013 4:10:49 PM PDT by Cyber Liberty (It's hard to accept the truth when the lies were exactly what you wanted to hear.)
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To: JohnBrowdie
Maybe Putin can help him do his job here, too

Whose job? 0's? I believe he already is.

50 posted on 09/15/2013 4:16:39 PM PDT by Jane Long (While Marxists continue the fundamental transformation of the USA, progressive RINOs stay silent.)
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