Larry Summers is the wrong guy for the wrong job at the wrong time. This pick is terrible politics and worse substance. Progressives and women’s groups will fight this tooth and nail, and any chance of the President looking like he is a fighter for the middle class on the economy will go up in smoke.
Several years ago I had a private conversation with a woman who had been in very-high-level meetings in the Obama administration including some at the highest level. She made a very clear point that one of the reasons things happened a certain way was that in meetings Larry Summers would literally shout down women who offered a contrasting viewpoint. This was a expressed as apparently a particular problem when it came to the viewpoints of women.
Frontline Oct. 20, 2009. The Warning: In the midst of the 1990's bull market, one lone regulator warned about derivatives' dangers--and overnight b