Post here if you predicted Larry Summers would withdraw

[ProSense]

or not become the nominee.

[gopiscrap]

1. actually I thought he was going to get it

[onehandle]

2. 'A fool thinks himself to be wise, but a wise man knows himself to be a fool.'

I know I do.

[hlthe2b]

3. Posting here, even though I did not predict, but am eternally relieved....

Whatever happened behind the scenes, I'm grateful...

[arcane1]

4. I did not expect him to withdraw, and had no idea if he would be nominated or not.

I'm glad he's out.

[sufrommich]

5. My guess is that he was told he wasn't going

to get the job.Seven hours ago he was distancing himself from CitiGroup in order to appear more palatable,today he's announcing he's withdrawing.Someone got on the phone with him and told him he should withdraw gracefully or be prepared to be rejected.

[dkf]

7. I would be curious to know who gave him the call.

Or maybe he can count for himself.

[sufrommich]

10. The distancing from CitiGroup yesterday seems like a pretty good

tell that he thought he was in the race.Today he's pulling his hat from the ring,he got word that he was in for a public rejection,in my opinion.

[DURHAM D]

12. By yesterday four Democratic members of the Banking Committee had

already said NO to his nomination. I would guess that a few more Senators (D) had indicated privately to the WH that they wanted Larry to go away because he was not going to make it out of committee.

I think the Citi thing was a juvenile and desperate attempt by Summers to save his ass and shows to me he does not respect the Senators because he actually thought his cheap trick would work.

[roamer65]

11. Geithner I'm sure.

He's running the selection process. I'd bet Summers was told it won't be him or was told that he's (Geithner) reconsidered and wants the job.

[dkf]

6. This was Tester and Warren etal btw.

We are finally beginning to make a difference by moving our Senators, which I would not have counted on in the past.

I'm beginning to feel like they have our backs after all.

[libdem4life]

8. I want to believe that our voices of opposition were listened to/read as a public email site.

Grateful for the opportunity to express our voices. It did seem to go from up to down quickly. Whew.

[Fumesucker]

9. I think Summers was floated as a way to forestall resistance to Yellen

http://www.democraticunderground.com/10023342196#post12

[msanthrope]

13. Yes. nt

[JaneyVee]

14. I figured Yellen, because Obama loves filling vacancies with underrepresented citizens.

[Bolo Boffin]

15. I had no idea

And if he had been the nominee, I would have been greatly disappointed.

My hair would not have been on fire about it and never had been, but it would have been as bad a nomination as I've seen Obama make. And Obama's worst nominations pale in comparison to what President Romney or President McCain would have done.

[BumRushDaShow]

16. Summers was a dead man walking

whether he finally realized itself himself or was told so by members of the Senate Banking Committee.

[madinmaryland]

17. Does this now provide an opening to bring Paul Krugman into the Fed??

Would be a great fit.

[alp227]

18. I thought Summers would insist all the way, since he's a thug and shill for the 1%.

And before this announcement I had little confidence in the president.

[Whisp]

19. who? is that Suzanne Summers' dad?