Report: Senate Democrats Would Block Larry Summers From Fed Chair

[kpete]

Source: Breaking News Usa

Report: Senate Democrats Would Block Larry Summers From Fed Chair

By Breaking News USA | 05 September 2013 8:33 pm EST Updated 5 September 2013 8:33 pm EST
Topics: Federal Reserve, Larry Summers, US Senate

Three Senate Democrats are prepared to oppose Larry Summers if he is nominated for chairman of the Federal Reserve.

The Wall Street Journal reports that Sens. Jeff Merkley, Sherrod Brown and Elizabeth Warren are prepared to vote “no” on Summers in the Senate Banking Committee if he is nominated by President Obama.

If the Democrats stick to their guns, Summers would need support from Republicans in order to get a full vote in the U.S. Senate.

Summers’ cozy ties to Wall Street have raised concerns among progressives and Democrats, though the Obama administration appears inclined to support his nomination.

Read more: http://breakingnewsusa.com/2013/09/report-senate-democrats-block-larry-summers-fed-chair/

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http://online.wsj.com/article/SB10001424127887323893004579057462649587846.html

[antigop]

1. make it so. nt

[peacebird]

2. Ditto!

[SharonAnn]

16. Yes, please. Let's get someone competent for that job!

[bunnies]

3. Good. nt

[BeyondGeography]

4. Lots of political capital being spent on Syria in the Senate

Probably not the best thing for Larry. Not sure if the President wants to spend the next two months brawling with his own party.

[forestpath]

5. Good for them. Disgusting he would get any votes. Even more disgusting

that Obama wants this POS.

[Left Coast2020]

53. Yes. And Harry Reid is 0-4 in having a "spine"

..on anything significant in past few years.

Not sure I want to put my money on a long-shot to win, place or show.

[Demeter]

6. Show the same strength against attacking Syria

and they can take the House, Senate and White House!

[Owl]

7. Good!!!

[KoKo]

8. PLEASE...PLEASE...Let it be TRUE..and not some DLC/DNC thing to get us all

riled up that Summers could go down!

He's not the PICK to replace Bernanke... HE IS NOT!

Oh that WISER HEADS could prevail.

K&R!

[Dawson Leery]

9. Good!

[arcane1]

10. I feel all warm and fuzzy inside :)

"If the Democrats stick to their guns, Summers would need support from Republicans"

Please proceed!

[polichick]

11. We need a bunch more Dems from the Democratic wing of the party! k&r

[fujiyama]

12. Less than a year into his second term

and he seems to have squandered any political capital. I mean, he never had any with republicans, but why actively drive away the people that supported you?

It's so obvious we mean nothing, other than a donor base and a vote. Then what? I mean, yes we saw unaccountable bailouts, the abandoning of the public option, a mediocre stimulus - but we also knew that he had to deal with a very uncooperative congress. But this is term two...And what do we get? First it was the NSA, then Syria, now this. I want to say I'd be surprised if they try to shove Summers into this role, without Senate Democratic support, but after the last few months...

[HooptieWagon]

13. Any Dems riding shotgun as Obama steers hard right...

...better start getting REALLY concerned about their own political future. Best course is for Dems is to vigorously oppose Obama's embrace of Bushism. Liberals/Progressives simply aren't going to vote for any Dem supporting Syrian War, NSA spying, Summers, Chained CPI, or TPP. Obama is trying to drag the Party so far right, that voting the lesser of two evils will no longer apply....it will be two equal evils.

[truebluegreen]

23. +100

Fortunately there will be plenty of room to run to the left of him in 2014. Heck they'll be able to do it and still be centrist (not that that would be my preference).

[HooptieWagon]

27. 2014 GE only 14 months away.

Dems better start distancing themselves from RW Obama real soon, or they're going to be carrying a bad brand.

[truebluegreen]

31. Yep. The upcoming vote would be an excellent opportunity...

followed by dumping Summers, and reining in the NSA...and the CIA...and the MIC and....

I know. I want to shoot the moon. But I think some of it is within reach and any of it would help.

[WillyT]

14. K & R !!!

[gopiscrap]

15. Good I hope they don't wimp out on this

[Fantastic Anarchist]

17. Good!

But if the Republicans can get over their hate of Obama more than their love of money, Summers will get it. Served up by Obama on a silver platter.

[dflprincess]

18. Oh please, oh please, oh please let this be true

I've been disappointed so often in the past I fear getting my hopes up.

[rhett o rick]

19. Summers will probably get support from Republicans, Obama's new best buddies. nm

[Dragonfli]

42. I strongly disagree with you!

They are not "Obama's new buddies".


More like old friends.

[rhett o rick]

45. I stand corrected. However, actually I made the common mistake

of referring to the factions as Republicans and Democrats. The Powers To Be (The Carlyle Group) dont make the distinction. Politicians are either on the side of the PTB or not. We know which side Summers is on.

[Triana]

20. GOOD! n/t

[lyonn]

21. Best news I've heard all day...... nt

[truebluegreen]

22. Good!

But we need more to step up to really seal the deal.

[neverforget]

24. Hey that's my Senator Merkley again!

Good for you!

[quakerboy]

41. Isnt it nice?

I mean, Warren, Brown.. And my senator? That's a pretty sweet feeling. I was a Novick supporter initially, but I have never been so happy with the result of a loss.

[MsPithy]

25. Nominating Summers for Fed Chair would be, (quoting Rahm Emanuel, here)

"Fucking retarded!"

[AnotherMcIntosh]

26. .

[KoKo]

29. I've always loved that Graphic... Sadly...We Dems haven't got that "SPINE"

YET. I'm still waiting.

[KoKo]

28. Thanks...but, it's going to take more than Three Senate Democrats

to Stop that Scum Summers from being Anointed!

We Can Dream...but, reality is that ...Obama feels comfortable with him and therefore....HE IS THE ONE...

[DeSwiss]

30. Besides......

...the man could obviously use some rest.



- And a hanky......

K&R

[Marie Marie]

34. What a perfect specimen of a Wall Street Pig.

You all bore me - now let me go back to dreaming of controlling the wealth of the 1% -drool drool.

[yurbud]

47. even more than Bush or Romney, he is the 1% unmasked, an ugly drooling Jabba the Hutt

[DirkGently]

32. Well there's an idea. n/t

[nashville_brook]

33. hell to the yeah.

[Kablooie]

35. Damn. If Elizabeth Warren votes no, I'm fully against him too.

[Paula Sims]

36. Roger Ferguson deserved the Chairmanship after Greenspan slithered away

Ferguson knew the insiders and outsiders, he believed in regulation, he believed. . .Oh yea, there was that issue of skin color. . .

I say go with Ferguson (if he'd come back -- BIG IF. . .)


http://en.wikipedia.org/wiki/Roger_W._Ferguson,_Jr.

[villager]

37. Good to see liberal Senate Dems standing up to an aloof, out-of-touch Executive Branch

Or rather, an Executive Branch out of touch with anyone outside the 1%, or their acolytes...

[otis252]

38. Please contact your Senator and block this POS from getting confirmed

We all need to send our opinions.

[WCLinolVir]

39. YESSS. Stop the insanity. Thank you.

[tblue37]

40. I sure hope that can derail that nomination! nt

[silvershadow]

43. Sure they will. I'll believe it when I see it. nt

[eridani]

44. Best news I've heard for awhile. Let it be so, please n/t

[yurbud]

46. Wow. Someone can be at the center of a worldwide financial meltdown and possibly even a coming

World War, and THREE senators might oppose his nomination to one of the most powerful positions in the world.

What a great democracy we live in.

[efhmc]

48. Good.

[Swede Atlanta]

49. Yeah!!!!!

This guy needs to be run out of town on a rail...A sad excuse for a human being.....

[Jackpine Radical]

50. Woo

Fuckin'

[font size=8]HOO![/FONT]

[lark]

51. One word: F I L I B U S T E R

- STOP THIS INSANITY IN IT'S TRACKS!

[R. Daneel Olivaw]

52. Kick and

[roamer65]

54. I still think it will be Geithner.