Lawrence H. Summers, the chief architect of the Obama administration’s economic policies who is leaving the White House, received an accidental back-handed compliment from his boss.-Via DealBook
Appearing on “The Daily Show with John Stewart” on Wednesday night, President Obama said,
“In fairness, Larry Summers did a heck of a job in trying to figure out how to …”“You don’t want to use that phrase, dude,” Mr. Stewart interjected.
“Pun intended!” the president responded to laughter....
For anyone interested in understanding the root causes of the mess the economy is in I can't recommend Frontline's "The Warning" highly enough. Here's our post:
Oct. 21, 2009
Frontline's "The Warning": Now Taking Prop Bets on When Obama Fires Larry Summers' Ass
The guy is not just arrogant. He was way, way wrong. Summers will be leaving the administration to "persue other interests" Here's the video...Oct. 22, 2009
What Is Political Capitalism?
...I was looking for a quote to answer a gentleman who really disliked my posting the video in yesterday's post "Frontline's "The Warning": Now Taking Prop Bets on When Obama Fires Larry Summers' Ass".Sept. 21, 2010
The point is the unholy alliance between big business and government which has basically perverted the founders view of representative democracy.
The sixteen years of the Clinton and Bush administrations institutionalized this fascist version of government to an extent that is truly amazing.
Breaking: "Summers Expected to Leave White House After Election" (and some thoughts on arrogance)
I usually don't have much time for Gluskin Sheff's David Rosenberg. His pig-headed refusal to listen to the market as the averages advanced more than 70% was not only arrogant but expensive for his firm's clients.Now I'm probably a mental midget* compared to the former Harvard president but I know how to treat people right....
I can handle arrogant as long as you're right, hell I can tolerate a fat guy in a grass skirt and spike heel Manolo Blahniks if he's right.
It would be fun to watch him tottering around.
But Mr. Rosenberg hasn't been right for a while and he's not funny.
Funny is important if you're doing the Angel of Death schtick. Here's our thinking ...
[never had it either -ed]