Obama Releases Statement On Larry Summers' Withdrawal From Fed Chair Candidacy

[kpete]

Here's the statement:

"Earlier today, I spoke with Larry Summers and accepted his decision to withdraw his name from consideration for Chairman of the Federal Reserve. Larry was a critical member of my team as we faced down the worst economic crisis since the Great Depression, and it was in no small part because of his expertise, wisdom, and leadership that we wrestled the economy back to growth and made the kind of progress we are seeing today. I will always be grateful to Larry for his tireless work and service on behalf of his country, and I look forward to continuing to seek his guidance and counsel in the future."



Read more: http://www.businessinsider.com/obama-statement-larry-summers-withdrawal-fed-chair-janet-yellen-2013-9#ixzz2f132TqKe

[KittyWampus]

1. It was really good of Summers to help solve the problem he helped create.

[NYC_SKP]

2. That's a lot "softer" than I was hoping for. But then Obama is a classy guy.

[Autumn]

3. Please make that an OP I so want to rec it.

Please, please, please

[PoliticAverse]

4. "Larry, you did a heck of a job". n/t

[giftedgirl77]

5. Would it really be too much to ask for key from

Key & Peel come out & hook Obama up with some angry Obama translation? My husband & I just wish one day maybe his last day of his presidency he lets it go just a bit.

[R. Daneel Olivaw]

6. Good. So who will be the next sith lord to be tapped for the position?

[Dragonfli]

7. Always two there are, master and apprentice - which one is the apprentice?

[Jester Messiah]

8. Hard to say. Goldman Sachs has a deep bench.

You can bet that it will be someone with the 1%'s interests very much at heart. (And the rest of us can suck eggs.)