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Nobody likes Larry

Nobody likes Larry

by digby

A prominent progressive in action:

Senator Elizabeth Warren has told the White House that she won’t publicly take a position on Larry Summers as a possible chairman of the Federal Reserve Board, though she privately told administration officials she has “serious concerns” about him as a nominee, according to people familiar with the situation.

Summers’s prospects have dimmed over the past week and the Obama administration has come to realize the opposition of a prominent figure such as Warren could deliver a fatal blow, several people said.

I love it.

But get a load of this depressing tripe:

White House officials privately have predicted Summers would win Senate confirmation because even if a handful of Democrats defected, the nominee would have sufficient Republican supporters, who would be swayed by financial interests that would back Summers.

Isn’t that nice?

Unfortunately, the president’s close pals in the financial sector and the Republican Party don’t like Larry much either.

Even worse, the smart money has it that he won’t pick Janet Yellen out of spite. Gotta discipline the left, dontcha know?

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Published inUncategorized