Wow! Larry Summers leaving White House

[lutherj]

http://www.huffingtonpost.com/2010/09/21/larry-summers-leaving-whi_n_733711.html

Who do you think Obama will choose to replace him? Joseph Stiglitz? Paul Krugman? James Galbraith? Or some market-fundamentalist name you've never heard of?


Hmmmm . . . the suspense is killing me.



(Edited to add link)

[Clio the Leo]

1. Oooh! Obama! You told a fib!!!

.... or a white lie perhaps?

Monday - "I have not made any determinations about personnel,"
http://thehill.com/blogs/blog-briefing-room/news/119753-obama-punts-on-future-of-economic-team-

That's actually pretty funny.

[vaberella]

3. I thought they had asked him if he plans on replacing anyone.

As in firing anyone for someone else. I thought that's what he was answering.

[vaberella]

2. I think Krugman was offered and said he didn't want a seat.

That's why you shouldn't waste your time on wanting him. He was against it. I don't know if he changed his mind now...but he didn't want it then.

[lutherj]

4. You're missing the point. I'm asking will Obama replace a market fundamentalist

with someone who will represent the economic interests of the common man, or will he replace him with someone who represents the interests of the top 5%? I'm saying (via sarcasm) that he'll replace him with someone who represents the the top 5%, based on his record.

If Krugman declined a seat, I'd like to see a link. Because I doubt it. Would like to see where Stiglitz and Galbraith also declined seats. Please show links. Thanks.

[vaberella]

5. No, I got your point and I don' t know.

However, one of the people you mentioned is definitely a no. Not to mention I don't know if many of the professors will get the job. He wants people who are experienced with the market---as in participated and worked for in the field. None of those people have---they are economist and mainly work on conjecture and theory. He wants people with an in. It's actually a logical proposal.

[lutherj]

6. All economists are theorists. "Experience" is merely showing allegiance to

an economic class. If Krugman was offered a position I'd like to see a link. Krugman was passed over by Bill Clinton in favor of Stiglitz. I think this is why Krugman favored Hillary in the primary, because he was promised the position. Doesn't matter. What will Obama choose? I think he'll choose the no-name market fundamentalist, to please his corporate masters. Would like to believe I'm wrong. Please prove it to me.
Thanks.

[Iwillnevergiveup]

7. On an otherwise noxious day

with the Defense Appropriation Bill, this is great news. I hope Geitner is not far behind and that Barack appoints 2 people who will work enthusiastically with Elizabeth Warren. In my heart of hearts, I'd like to think her appointment was the final straw for Summers.

:nopity:

[cascadiance]

8. How about Ravi Batra?

We can only dream! Perhaps we can sell him on the idea of killing two birds with one stone.

Would really rally the base a lot more. But it also perhaps could help Obama deflect the "Muslim conspiracy" thing too. If he was really a "Muslim", then why would he be appointing a cabinet member guided by the Hindu beliefs of Sarkar with Indian heritage? Surely a "fanatic Muslim" as they depict him wouldn't do that, would he?

[TBF]

9. It would be nice if he'd boot Geitner too and invite Robert Reich in to clean up. nt