Send a Tweet
Most Popular Choices
Share on Facebook 9 Share on Twitter 1 Printer Friendly Page More Sharing
OpEdNews Op Eds    H3'ed 7/25/13

Not Larry the Loser Again -- especially not chairing the Federal Reserve!

By       (Page 1 of 1 pages)   2 comments
Become a Fan
  (9 fans)

According to the well-respected website, CREDO Action:  News broke this week that President Obama is dangerously close to nominating Larry Summers to lead the Federal Reserve. This would be a horrible choice for the president and for our country.  Summers was one of the leading figures behind the deregulation of Wall Street, which paved the way for our most recent economic collapse.   In addition, Summers has stated that he believes that women are "innately" less able to understand science and math than men.  Yes, he said that. Let that sink in for a moment.  President Obama is seriously considering nominating a man who both helped drive our economy off a cliff and who blames the relative lack of women in science and math on the supposedly innate intellectual inferiority of women.

As a former colleague of his father, distinguished economist Bob Summers, at the University of Pennsylvania, the best thing I can say about Larry Summers is that he was a cute baby -- actually, that is the only good thing I can say about Larry. Here is a man who managed to become head of Harvard, and then a key economic advisor to President Obama, while boasting about a host of reactionary views which would have seemed dated in the Nineteenth Century.  Larry Summers is a rampant apologist for the abuses of Wall Street which continue to plague America, a champion of unbridled Capitalist greed, and a sexist who finds women inferior to men in the hard sciences.

Turning the Federal Reserve leadership over to Larry Summers would not just be putting the fox in charge of the henhouse -- it would be putting the henhouse into a cockfight of which this nation would be the major victim.  Should Larry Summers be nominated to the Fed, contact your Senators to express violent opposition -- but first contact the President to try to head off one more major embarrassment for the Obama Administration.  There are many distinguished economists who should be considered for this key appointment -- Larry Summers, however, is not among them.

Rate It | View Ratings

Eugene Elander Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Author's Biography Eugene Elander has been a progressive social and political activist for decades. As an author, he won the Young Poets Award at 16 from the Dayton Poets Guild for his poem, The Vision. He was chosen Poet Laureate of (more...)

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines

Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
   (Opens new browser window)

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

American Banking's Shameful Double Standard

The Decline and Fall of AARP

Georgia's State Bar is a Bar to Complaints Against Attorneys!

Meet the Worst Post Office in America!

Ukraine and Putin: Shades of Adolf Hitler!

Romney's Rancid Rant!

To View Comments or Join the Conversation:

Tell A Friend