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Larry Summers in the White House
Harvard University professor Lawrence Summers will join the Obama administration with a ready-made sales pitch for substantial economic stimulus and a chance that the role springboards him to the Federal Reserve. Summers, 53, was Bill Clinton's last Treasury secretary. He will have a wide-ranging portfolio and help craft Obama's economic policies, a Democratic aide said...It also positions him to succeed Fed Chairman Ben S. Bernanke, whose term at the helm of the central bank expires in January 2010, said Vincent Reinhart, former director of the Fed's Division of Monetary Affairs.
Here is the story.
Posted by Tyler Cowen on November 21, 2008 at 11:20 PM in Current Affairs | Permalink
Comments
Obama is certainly going after the big, experienced, and respected names in policy circles.
I guess this is a good thing.
Posted by: thehova at Nov 22, 2008 12:20:40 AM
well it comes as no surprise... but I certainly will miss free market economics.
Posted by: *groan* at Nov 22, 2008 2:22:32 AM
Is anyone else bothered by the fact that the article never says what position he is getting?
Posted by: Matthew Ernest at Nov 22, 2008 3:00:22 AM
I've never seen much evidence that Obama has any respect for white feminists.* He seems to see them as wanna-be victims whose whining just distracts attention from the real victims, like himself.
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* Granted, Obama's platform calls for incredibly stupid "comparable worth" legislation mandating that, say, secretaries get paid the same as truckdrivers, but that seems more like a cynical bone-throwing exercise. After all, that idea was too idiotic to pass in the 1970s, so it's unlikely it will get taken seriously in the 21st Century.
I hope. Knock on wood.
Posted by: Steve Sailer at Nov 22, 2008 4:17:34 AM
Presumably, Obama doesn't want to appoint Summers to an office where the Senate gets to vote on him. That would allow for feminist grandstanding of the Anita Hill variety. Plus there could be some nasty questions of the kind that Harvard mechanical engineering professor Robert K. Abernathy raised about Larry's best friend Andrei Shleifer's involvement in the Rape of Russia in the 1990s, which ended up costing Harvard, under Larry's mule-headed leadership, tens of millions in fines and legal fees. (See David Warsh for details.)
Overall, Summers failed as a leader, so it's fitting he's back in the staff role that he's better suited for. His having a job in the White House will make happy the neocon/neolibs, who were almost his only supporters at Harvard (with the honorable exception of Steven Pinker).
Posted by: Steve Sailer at Nov 22, 2008 4:23:33 AM
Perhaps Obama will next appoint James D. Watson as his Science Adviser. (Watson donated $2300 to Obama.)
Posted by: Steve Sailer at Nov 22, 2008 4:25:37 AM
Creepy echoes of Roosevelt IMO.
Posted by: Paul N at Nov 22, 2008 6:56:27 AM
Too odious even for Harvard, but OK for O. Hm.
Posted by: dearieme at Nov 22, 2008 2:13:45 PM
Too odious even for Harvard
Larry Summers is currently Charles W. Eliot University Professor at Harvard.
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