Four Key Democrats Are Now Opposed To Larry Summers...

[whttevrr]

http://www.businessinsider.com/larry-summers-fed-chair-nomination-elizabeth-warren-jon-tester-2013-9

A fourth Democrat on the Senate Banking Committee plans to oppose Larry Summers' potential nomination to chair the Federal Reserve Board, something that could be devastating to his candidacy.

Sen. Jon Tester...

...The Senate Banking Committee must approve Summers' potential nomination before it goes to the Senate for full confirmation, something that looks increasingly unlikely. The Wall Street Journal reported last week that Democratic Sens. Elizabeth Warren (Mass.), Sherrod Brown (Ohio), and Jeff Merkley (Ore.) are expected to oppose Summers in committee.

Read more: http://www.businessinsider.com/larry-summers-fed-chair-nomination-elizabeth-warren-jon-tester-2013-9#ixzz2epukWVdq


This is good news, right?

C'mon... even if its not... just tell me this is good news.

[hlthe2b]

1. It certainly is to me.... n/t

[truebluegreen]

27. +1

(p.s. staying dry?)

[hlthe2b]

28. Thus far... Denver got rain again today; Northern CO tonight...

I feel guilty that I am comparatively unscathed, frankly.... I never thought I'd live to see a repeat of the Big Thompson Flood of 1976, but this may be worse, or at least on a par.

[truebluegreen]

29. "I've never seen anything like this."

I've heard that over and over this week.

You are the first to personally remember Big Thompson, as I do. I was a lifeguard at Boulder Reservoir that summer and every afternoon we would watch the thunderstorms come in. That Saturday there were three: one moving right along the Front Range from the south, another coming down from the north, and the third from the usual NW. They met over the mountains just NW of us; the sky was black as ink. We came to work the next morning--as usual bright and sunny with a blue sky--with news of the flash flood.

It was horrific. So is this, in a different way. That was an isolated thunderstorm over one drainage lasting for a few hours; this is a sub-tropical monsoon-type storm all along the Front Range, lasting for days.

It is unbelievable to me, I've never seen anything like it.

Stay safe.

[hlthe2b]

30. Thank you...

Your memories brought back quite a few of my own... I actually went back to some old NBC newscasts from the time.... I rememer the horror that the numbers of dead were not immediately known, but emerged over days. The damage here is on par, for sure, but I hope the mortality will be far less.

[Populist_Prole]

2. It's good news

Let the momentum build.

The guy is a one percenter's and Third Wayer's dream.

[warrant46]

12. What is Obama thinking?

Is the DLC et al -- that beholden to these thugs?

[Populist_Prole]

16. Pretty much

It's "The Third Way" in action: Socially liberal-ish; economically conservative. It's just the way they think.

[pscot]

3. excellent news

The bad news is that Obama is even considering the guy.

[MannyGoldstein]

4. Well, it's much better than *not* opposing Toonces...

But it's mighty disturbing that anyone would even fleetingly consider putting him back behind the wheel again.

[CaliforniaPeggy]

5. Excellent news. n/t

[gopiscrap]

6. It's good news to me

[pa28]

7. At this point Summers will need Republican support to clear committee.

Excellent news.

[whttevrr]

8. Cool... Anyone know where Warren is on TPP?

I figure if she is against something people will notice.

Anyone know?

[MannyGoldstein]

11. Totally, utterly opposed

Do a search, you'll find some great stuff from her.

[whttevrr]

20. If Warren is against it...

I'm glad she is saying so. I hope she respects the trust people have for her.

TPP so far seems to be a terrible thing for the US worker.

[MannyGoldstein]

23. "Elizabeth Warren votes against Obama trade nominee"

Last edited Sun Sep 15, 2013, 08:23 AM - Edit history (1)

Elizabeth Warren votes against Obama trade nominee

[Indyfan53]

32. If she runs for president, will we find someone strong enough to take her place in the senate?

will we find someone strong enough to take her place in the senate?

[karynnj]

33. Anyone can do more as President than as a very junior Senator

She is up in 2018 - so she could run in 2016 without giving up her seat - so only if she is elected would MA need a new Senator. We know exactly how that works since to Ma having 2 special elections since 2010!

[Blue_In_AK]

9. Mark Begich from Alaska is also opposed.

This from Roll Call
http://blogs.rollcall.com/wgdb/is-larry-summers-worth-the-hill-hassle-for-obama/

Yellen would be the first female Fed chief and has been embraced by the left, perhaps because progressives find her more qualified but also because they just don’t like Summers. This week, Sen. Mark Begich, D-Alaska, came out against Summers, and an aide to the senator said he plans to send a letter to the White House by week’s end outlining his concerns with the controversial candidate.

“I have strong reservations about Summers,” Begich said. “My view is based on the time that I’ve been here, with the couple years that I worked with him, and I just didn’t get a sense that he clearly understood what the middle class is going through, the struggles — especially on the housing issue.”

“Some of us tried to push him to move into doing something to help a lot of these homeowners who are underwater, it came late in the game,” Begich continued. “I just didn’t sense that he understood what the middle class is going through, and I didn’t vote for Bernanke, and so I’m kind of consistent.”

[livingwagenow]

34. +1. Thanks for the good news. nt

[ReRe]

10. Absolutely good news... n/t

[Enthusiast]

13. K&R

Many more Democrats must join them.

[Oilwellian]

14. Great news

K&R

[edhopper]

15. Obama really needs

a 'come to Jesus" meeting about Summers.
Our only hope is that he will withdraw if enough Dems oppose.

[Safetykitten]

17. He is so the new Fed dude.

[cali]

21. no he's not. the math isn't there.

[treestar]

18. Yeah I don't want him to get any job

in government.

Why did Clinton put up with him? And sign the Glass Steagall Repeal?

[whttevrr]

19. Good question...

Too bad we can't put Glass Steagall back in place.

[mopinko]

22. 4 key democrats that all got elected by the democratic wing of the democratic party.

i think these 4 remember who brung them to this dance. hope others notice the idea.

[stuffmatters]

24. Machin, self styled "independent Dem", might also vote against Summers

And yes, I hope Tester's additional no vote is good news.

Appointing Summers, a major architect of the Wall Street Heist of the American economy, would achieve a certain criminal symmetry. It it also brings an obnoxious antiwomen symmetry as well, since Summers notoriety for discounting, marginalizing women would be rewarded by granting this arrogant Oaf a job for which Janet Y appears infinitely more qualified. Not a difficult distinction for JY, since Larry Summers track record screams that Summers has been wrong about everything economic...from repealing Glass Steagall to the necessary size of the stimulus. He couldn't even run Harvard without losing them billions of dollars in investments and slurring women scientists...at a prestigious meeting of (male and female) distinguished scientists BTW

Summers is Obama's Peter Principle Pal, his personal Bull in the China Closet of the fragile American Recovery; Obama's going to fight fiercely and blindly for his confirmation. So it would be terrific if Summers got cut as early as the Banking Committee vote. It'll ultimately depend on what the PTB on Wall Street want; they're the ueber boss/campaign donors to most on this Committee.

[dionysus]

25. good

[roamer65]

26. I'd rather see Tim Geithner.

Mr. Geithner at least has experience deal with crises. Summers only has experience in creating them.

Geithner also was NY FRB president, so he has Fed experience.

[lark]

31. It's mother freaking good news

Of course Repugs could still mess us up and support him, but that would mean supporting something Obama wants and you know how they hate that! Of course, I do think that big money is what they mainly support, and that means they probably will vote for Summers.
I wouldn't even mind if they filibustered the nomination is they can't stop it in committee. Stopping it in committee, is the very best option - if this is even formally proposed. I'm hoping it's just a lead balloon, but not looking that way.

[whttevrr]

35. Uhmmm... nevermind...

Summers Withdraws Name for Fed Chairmanship
http://www.democraticunderground.com/10023672728

Well, wtf, what am I going to consternate over now... ?

[SDjack]

36. Looks like Summers' interview with Sen. Warren went poorly. nt

[whttevrr]

37. LOL

I'm starting to think Warren needs to run for president...