Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Why would Obama want to appoint a serial failure when he has a perfectly capable candidate on offer.

Because Obama is Wall St's whore, and he will 'reach across the aisle' to present Summers as a compromise who is 'good for America.'

Summers is the perfect capitalo-soviet apparatchik. Like most apparatchik's he's a noisy idiot whose main talent is self-confidence in the face of chronic incompetence.

Someone like Yellen might have an interest in getting the job done competently, which isn't part of the deal.

Obama might yet redeem himself. But given his record, I won't be holding my breath.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Jul 31st, 2013 at 02:26:31 PM EST

Others have rated this comment as follows:


Occasional Series