Tag Archives: Lawrence Summers

Summers’ Time and the Leaving is Easy

From The Washington Post:

President Obama‘s top economic adviser, Lawrence H. Summers, will step down as director of the National Economic Council after the November elections and return to a teaching post at Harvard University, the White House announced Tuesday.

The departure of Summers, 55, will complete the turnover of three of Obama’s four top economic advisers as the administration struggles with the political fallout of a stubbornly weak economy.


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Filed under Barack Obama, Ben Bernanke, Bill Clinton, Congress, humor, John Boehner, movies, parody, politics, Republicans, Senate, snark, State Department, Wordpress Political Blogs

Indiana Jonesin’ for Jobs

From The New York Times:
Remarks of President Obama at the town-hall style meeting in Elkhart, Ind., as provided by the White House

President Barack Obama traveled today to Elkhart, Indiana for a town hall on the American Recovery and Reinvestment Plan. The President spoke directly with Elkhart residents about the impact the plan will have on their lives, and answered questions about the challenges that they face.

In Elkhart, where 8,000 jobs were lost and unemployment tripled in the last year alone, the President shared his specific plans to bring jobs back to the community, provide tax relief, and help lower the cost of health care and college for working families.


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*Garb*age

From The Caucus at The New York Times:

At least one prominent former Bush official has the following message for President Obama: I don’t care if it’s warm enough to grow orchids in the Oval Office. Put your suit jacket on.

In an interview scheduled to run Wednesday night, Andrew H. Card Jr. told the syndicated news show Inside Edition that “there should be a dress code of respect” in the White House and that he wished Mr. Obama “would wear a suit coat and tie.”

Chimpy always wore a suit coat and tie in the Oval Office. However, there’s something that Andy Card won’t tell you…

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…And don’t ask me–I don’t know why Condi is smiling about Chimpy not wearing pants. You know me, I never gossip.
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Filed under Andrew Card, Antonin Scalia, Barack Obama, Chimpy, Colin Powell, Condoleezza Rice, Constitution, Dan Bartlett, Dick Cheney, George W. Bush, humor, Karen Hughes, Laura Bush, movies, parody, politics, Republicans, Senate, snark, Supreme Court, Wordpress Political Blogs

Obama-nomics

WASHINGTON (Reuters) – U.S. President-elect Barack Obama has chosen seasoned policymakers Timothy Geithner and Lawrence Summers as his two top economic lieutenants to direct the fight to rescue the economy and stem the worst financial crisis in more than 70 years.


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We don’t know where the buck stops, but that’s okay, because there are no bucks left!

From Paul Krugman at The New York Times:

Everyone’s talking about a new New Deal, for obvious reasons. In 2008, as in 1932, a long era of Republican political dominance came to an end in the face of an economic and financial crisis that, in voters’ minds, both discredited the G.O.P.’s free-market ideology and undermined its claims of competence. And for those on the progressive side of the political spectrum, these are hopeful times.

There is, however, another and more disturbing parallel between 2008 and 1932 — namely, the emergence of a power vacuum at the height of the crisis. The interregnum of 1932-1933, the long stretch between the election and the actual transfer of power, was disastrous for the U.S. economy, at least in part because the outgoing administration had no credibility, the incoming administration had no authority and the ideological chasm between the two sides was too great to allow concerted action. And the same thing is happening now.

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Filed under 2008 election, Barack Obama, Ben Bernanke, Carl Levin, Chimpy, Christopher Dodd, Congress, Democrats, GAO, George W. Bush, Harry Reid, humor, Kit Bond, Mitch McConnell, Nancy Pelosi, parody, politics, Republicans, Senate, snark, television, Wordpress Political Blogs