At this point if he bypasses Summers it will look like another cavein. What decent future appointee

[CK_John]

will accept an appoint just to be left twisting in the wind.

Even if rejected by the senate, which I doubt it would be better than caving.

[KittyWampus]

1. FFS, nobody knows if Summers is even a "finalist" in consideration.

the commentary on DU is embarrassing on several levels.

[sufrommich]

4. But where would we be without weak melodrama

and trumped up outrage?

[CK_John]

6. Politics 101 when you let rumors take over it's a confirmation that it is a fact.

[morningfog]

8. Oh please. Everyone knows Summers is a, if not the, finalist.

[dkf]

12. Bloomberg: Summers Suspends Citigroup Ties While Considered for Fed

Former U.S. Treasury Secretary Lawrence Summers has suspended ties with Citigroup Inc. (C) while the White House considers nominating him to serve as the Federal Reserve’s next chairman, the company said.

“Mr. Summers has withdrawn from participation in all Citi events while he is under consideration to be chairman of the Federal Reserve,” Danielle Romero-Apsilos, a spokeswoman for the firm, said yesterday in an e-mailed statement.

Summers, a Harvard University Professor and former top economic adviser to President Barack Obama, was to give the keynote address on challenges to the global economy at a Citigroup research seminar Oct. 13, according to an invitation on the website for the firm, the third-biggest U.S. lender. The Washington event coincides with the annual meetings of the World Bank and the International Monetary Fund.

Citigroup hired Summers, 58, “for small private-bank client and institutional client meetings,” Romero-Apsilos said in an earlier e-mailed statement. He provided “insight on a broad range of topics including the global and domestic economy.”

http://www.bloomberg.com/news/2013-09-13/summers-suspends-citigroup-ties-while-considered-for-fed.html

[DisgustipatedinCA]

16. The world must be a brand new, startling place to you with each new day

If you live by the words with which you exhort the rest of us, anticipation and foreshadowing just aren't a part of your world. In any case, whether Summers is nominated or not, the rest of us are aware he's a finalist for the job.

[liberal_at_heart]

2. Maybe Obama is waking up to the fact that people outside the Washington bubble don't

agree with his Washington insiders.

[Vanje]

21. Oh! Please let it be so! nt

[mick063]

3. Whenever the American people rise up in dissent to the President

It is immediately spun as a calculated victory.

The obstructionists are no longer just Congress.

[Hutzpa]

5. haaa.. the reverse psychology meme

lol

gotto love DU.

[monmouth3]

7. No, it will look like he is listening to the majority of Dems or even peeking in on DU..n/t

[Salviati]

9. Wait... are you calling Summers a decent nominee?

and you are aware that he hasn't been nominated yet, so there's no one "left twisting in the wind" just yet.

IMO, the best thing that Obama could do is announce that he's whittled his potential list of nominees down to 2, and summers aint on it.

[CK_John]

11. Or, he is just decision adverse and can't make up his mind.

[malaise]

10. He never said he was selecting Summers

NEVER

[TheKentuckian]

13. If Summers is a decent appointee than that would be a glorious outcome

because it is critical to put a stop to exactly the kind of "decent" he represents.

[CK_John]

14. There are probably less than 10 people capable of running the Fed Reserve System and

less of that group willing to put up with political firestorm attached to getting confirmed, so who you going to pick if not Summers.

I would put Sen Warren in the capable pool.

[TheKentuckian]

15. I don't think you assertion is supported or supportable that less than ten are capable of doing the

job. Particularly since you include Warren who has never been a Governor or even a high level operative in the organization (which I agree with).

I think you are off by at least an order of magnitude, probably more between people in the system, academics, economists, folks in the banking industry, and probably some percentage of high level CFO's.

[CK_John]

20. Funny the media has only mentioned 1 other that I know, the darling of Wall Street.

[TheKentuckian]

24. The media's job is distraction, misinformation, and propaganda.

[Vanje]

22. Janet Yellin

is capable and respected.
I hope Obama is considering her for Fed chair.

http://www.sfgate.com/technology/businessinsider/article/The-Case-For-Janet-Yellen-In-One-Sentence-4816544.php

Excerpt:
In the late '90s, Janet Yellen was worried about the economy overheating. This was thoroughly discussed in Lawrence Meyer's book, "A Term At The Fed."

In the mid-2000s, Yellen was worried about the housing bubble, and the impact of a bust.

Post-crisis, Yellen has recognized that inflation is the least of our problems, and that everything the Fed does should be oriented towards addressing the unemployment problem. (Hence the "dovish" reputation.)

[Rex]

17. Another cave in? Maybe you didn't notice, but Obama

does not care about style points.

[JackRiddler]

18. You think democracy is a cave-in?

[bhikkhu]

19. I haven't seen anywhere that Obama is committed or obligated to Summers

If you look at the whole history of political appointments, this is just how its supposed to work. The president should be able to decide whoever he wants, and consider all input during that process. Finding some way to look at things where he can be excoriated for going either way is way too familiar a tactic.

[Oilwellian]

23. Caving in to constituents?

That would be a first...

[pnwmom]

25. Why? Because he didn't appoint the person he never appointed?

If he'd wanted Summers he could have appointed him several months ago. Summers was never shoe-in.