re: Summers for Fed Chair Getting A Lot of Pushback from Dems

quote:

---

but Obama is right in his quote that “would have to slice the salami very thin” to find areas in which they diverged in terms of expected policy. The first year both are chairs would be nearly identical.

---

The important issue is not a divergence in policy but a divergence in style. Summers is not known to "play nice on the playground" so to speak. Fed chair is probably the most important government appointment and requires individuals who have the skills to form consensus. I agree with you, he will not be overseeing FMOC this time next year.

Yves Smith "Why Larry Summers Should Not Be Appointed To Run Anything More Important Than A Dog Pound."

Larry Summers for Dog Pound