More Good News

Keith Davis kbob42 at gmail.com
Sun Sep 15 23:20:40 CDT 2013


Good


On Mon, Sep 16, 2013 at 12:17 AM, David Morris <fqmorris at gmail.com> wrote:

>
> http://www.nytimes.com/2013/09/16/business/economy/summers-pulls-name-from-consideration-for-fed-chief.html?hp&_r=0
>
> WASHINGTON — For Lawrence H. Summers, President Obama’s preferred
> candidate to lead the Federal Reserve, the messy debate over a military
> attack in Syria was the final sign.
>  After weeks of opposition to his candidacy from an array of
> progressives, the president’s inability to rally Congressional Democrats on
> Syria persuaded Mr. Summers that his most important audience — the Senate,
> which must confirm a Fed chairman — probably could not be won over.
>
> He concluded that the White House was also unlikely to overcome opposition
> to his candidacy from many of the same Democrats, who view him as an
> opponent of stronger financial regulation, according to supporters who
> insisted on anonymity to describe confidential conversations with him
>
> “Clearly Obama couldn’t bring his own most enthusiastic supporters to back
> him on an issue of national security,” one supporter said. “How was he
> going to corral them for Larry?”
>
>


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