More Good News

[Monte Davis]

Ø  “an administration increasingly hamstrung by [etc etc] on top of the
back-and-forth over whether to conduct airstrikes in Syria
”

 

If we step outside the framework  of “President/party up or down,”
Congressional “back-and-forth” over military action – however drawn-out and
messy and inconsistent with the US PRESIDENT, MASTERFUL MAN OF ACTION meme –
can be seen as a feature, not a bug.

 

-Cranky Old Constitutionalist     

 

 

From: owner-pynchon-l at waste.org [mailto:owner-pynchon-l at waste.org] On Behalf
Of David Morris
Sent: Monday, September 16, 2013 12:22 AM
To: Keith Davis
Cc: P-list
Subject: Re: More Good News

 

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
<javascript:_e(%7b%7d,%20'cvml',%20'fqmorris at gmail.com');> > wrote:

http://www.nytimes.com/2013/09/16/business/economy/summers-pulls-name-from-c
onsideration-for-fed-chief.html?hp
<http://www.nytimes.com/2013/09/16/business/economy/summers-pulls-name-from-
consideration-for-fed-chief.html?hp&_r=0> &_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 

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://waste.org/pipermail/pynchon-l/attachments/20130916/ba8b8659/attachment.html>