More Good News

[Robert Mahnke]

"The revolt against Larry Summers — which built steadily over the summer,
and culminated in the surprising withdrawal of Summers’ Federal Reserve
Chairman candidacy – represents the most potent exercise of liberal
opposition power of Barack Obama’s presidency. Liberals have spent a great
deal of time complaining about Obama’s lack of personal attention, or
threatening to withhold votes. But in the end, only Republicans or centrist
Democrats have actually exercised an effective veto. Liberals stopped
Summers."

http://nymag.com/daily/intelligencer/2013/09/how-larry-summers-paid-for-obamas-sins.html




On Sun, Sep 15, 2013 at 9:17 PM, 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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