Obama Administration Didn’t Listen to Advice to Create an ACA Implementation Czar

By: Monday November 4, 2013 10:17 am

The implementation of the Affordable Care Act has gone extremely poorly so far, and it seems part of the reason is that the administration refused to follow sage advice coming from some of their own people to appoint an implementation czar.

Summers Shows Liberals in the Senate Have a Lot of Leverage

By: Monday September 16, 2013 7:54 am

Larry Summers withdrawing his name from consideration for Federal Reserve Chair because of opposition from Democrats is the rare reminder that liberals in the Senate have a significant amount of leverage, if they ever choose to use it. If we had a functioning Senate a handful of liberal senators could easily be ignored. The President [...]

Cornyn Will Oppose Larry Summers for Fed Chair

By: Friday September 13, 2013 7:45 am

President Obama still seems fairly determined to pick his close friend Larry Summers to run the Federal Reserve but the path to his Senate confirmation has just gotten a bit trickier. John Cornyn, the second highest ranking Senate Republicans, now says he will oppose Summers. From the Huffington Post: John Cornyn, the number two Republican [...]

Sen. Cantwell Wants a Mea Culpa From Larry Summers

By: Friday August 16, 2013 7:12 am

Larry Summers’ path to confirmation to the Federal Reserves runs through the Senate Finance Committee, which Sen. Maria Cantwell (D-WA) sits on, and Cantwell doesn’t sound happy about his possible nomination. From seattlepi: Lawrence Summers will need to “do a mea culpa” and admit his role in deregulatory mistakes that helped cause the Great Recession [...]

Why Is No One Pushing Larry Summers for Vice Chair?

By: Wednesday August 7, 2013 8:14 am

The promoters of Larry Summers for Federal Reserve Chair argue that his unique intelligence, unusual insights, and history of crisis management would make him a valuable addition to the Federal Reserve. Yet even his strongest defenders will admit he is clearly not the most experienced candidate. Unlike Vice Chair Janet Yellen, Summers has never served [...]

Sunstein Pretends Not to Understand Cronyism

By: Tuesday August 6, 2013 11:01 am

Cass Sunstein is apparently going to pretend he doesn’t understand cronyism to defend Larry Summers. From Sunstein’s op-ed in Bloomberg: A lot of public discussion takes place before the president nominates a new Federal Reserve Board chairman. This time, that discussion has gotten unusually heated. Continuing economic difficulties are one reason. Another is that Lawrence Summers, a top candidate, is [...]

Not Even Wall Street Wants Larry Summers at the Fed

By: Monday July 29, 2013 7:59 am

One of the few potential justifications for President Obama picking Larry Summers to head the Federal Reserve, despite the strong opposition to him from many liberals, was that Wall Street preferred him. According to a CNBC poll, though, this is not the case. Summers is even less popular with Wall Street than he is with [...]

Senate Democrats Push Janet Yellen Over Larry Summers to Lead the Federal Reserve

By: Friday July 26, 2013 10:40 am

The Larry Summers trial balloon is behaving as if it was filled with lead. Not only have many liberal and economic bloggers strongly criticized the prospect of President Obama nominating Summers to run the Federal Reserve, but several prominent Democrats are actively lobbying for Obama to choose Vice Chair Janet Yellen as the next Chairperson [...]

Obama Must Just Really Like Larry Summers

By: Thursday July 25, 2013 7:14 am

As best as I can tell the only reason Larry Summers may be President Obama’s top choice to head the Federal Reserve is that Obama personally likes him and Summers doesn’t suffer from the affliction of having two X chromosomes. Summers fails all of the main tests for what makes a good pick. Summers is [...]

The Real Rogoff-Reinhart Problem Was Not the Mistakes, It Was the Lack of Basic Transparency

By: Monday May 6, 2013 8:28 am

Larry Summers has decided to rush into the fray to defend his “colleagues and friends” Carmen Reinhart and Ken Rogoff. Unfortunately, the only way for Summers to defend his friends is by trying to rewrite history. Summer tried to pretend the problem was simply a matter of making some errors. From Summers: First, this experience [...]