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Sep 22 2010

Misogynous Plutocrat and Failed Economist Larry Summers Dumped

Good riddance to bad rubbish, but also ‘too little, too late’.

As Atrios puts it-

Decision Points

They screwed up first with a too small stimulus.

They screwed up second last December/January when they got skeered of zombie unicorns invisible bond vigilantes.

They screwed up the third time when they thought recovery summer was here and the jobs growth was coming, despite very little evidence of that.

And-

Bye Larry

Don’t let the door…

And maybe one day you can explain to the world why an "insurance policy" was all that was needed.

Update:

Chris in Paris

If this is correct, we may be in for an even more conservative economic agenda. Should that be the case, there’s really even less reason to support this administration.

Administration officials are weighing whether to put a prominent corporate executive in the NEC director’s job to counter criticism that the administration is anti-business, one person familiar with White House discussions said. White House aides are also eager to name a woman to serve in a high-level position, two people said. They also are concerned about finding someone with Summers’ experience and stature, one person said.

His “experience and stature?” Really? So another scoundrel with deep ties to Wall Street who represents everything that’s wrong with the current system? It better be a hard right turn so he can attract the Teabaggers because this sounds like one kick too many for liberals.

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