More Good News

[David Morris]

It was Yellen Vs Summers.  With Summers out, it should be Yellen, unless
Obama wants more pissed off Dems.
Or maybe Kerry can suggest Putin for the job.

On Sunday, September 15, 2013, David Morris wrote:

> The embarrassing setback reveals an administration increasingly hamstrung
> by occasional opposition of liberal Democrats, not just its familiar
> Republican opponents. It adds to the rocky nature of Mr. Obama’s fifth
> year, following the failure of a gun-rights bill, the stalling of an
> immigration overhaul and the lack of progress on a budget deal, on top of
> the back-and-forth over whether to conduct airstrikes in Syria to punish
> the Assad regime for a poison gas attack that killed hundreds of civilians.
>
> The withdrawal of Mr. Summers also leaves great uncertainty around the
> selection of a new Fed chairman, one of the most important economic policy
> decisions Mr. Obama will make in his second term. The successor to Ben S.
> Bernanke, the current chair, will shape how much longer and harder the Fed
> pushes to boost economic growth and reduce unemployment. The next Fed
> chairman will play a leading role in determining how forcefully the
> government seeks to constrain the financial industry.
>
> White House officials have described Janet Yellen, the current vice
> chairwoman, as a finalist, and her candidacy has received widespread
> attention, but it remains unclear how seriously Mr. Obama is considering
> her. He does not know her well and White House aides have seemed
> unenthusiastic about her, despite the substantial support she enjoys from
> Democrats and outside economists.
>
> On Sunday, September 15, 2013, Keith Davis wrote:
>
>> 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?”
>>>
>>>
>>
>>
>> --
>> www.innergroovemusic.com
>>
>
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