Posts Tagged ‘Larry Summers’

Arnold Kling in the Atlantic: The Obama Administration appears to me to be pursuing many goals, poorly

Saturday, June 27th, 2009


1) The stimulus failed to meet Larry Summers’ famous criteria of timely, targeted, or temporary.

2) The cap and trade legislation maximizes rent-seeking (favoritism toward particular businesses) and minimizes carbon reduction.

3) The proposed financial reforms are mostly cosmetic and fail to address the key issues of housing policy and regulatory capital arbitrage.

4) In championing health care reform, the President stresses the unsustainability of our current system, while insisting that nothing will change (you can keep your insurance, keep your doctor, etc.).

Erick Erickson: Is Rahm Emanuel Trying to Force Out Larry Summers?

Tuesday, June 9th, 2009


Articles on personality conflicts do not end up getting great exposure in the New York Times by coincidence. Someone has to push the story. Someone has to give the story credibility. And someone has to get sources to talk.

That is why Larry Summers should be starting his own death watch this morning. Jackie Calmes paints a picture of a sell out hindering the economic recovery of America. With unemployment numbers coming in even higher than what Obama said they’d be if his stimulus did not pass, someone must be made the scapegoat. Scapegoat, thy name is Larry.

How do I know it is Rahm Emanuel? Well, there are a couple of reasons why I know it.

First, have you ever, ever read a hit job like this in the New York Times where so many co-workers of the targer were willing to go on record or be named? We have Austin Goolsbee, Christina Romer, David Axelrod, and Tim Geithner all named. Who in the White House possibly has the clout to get them all to go on record?

Larry Summers’ political connections to TARP recipients

Friday, July 3rd, 2020

The Star quotes Huffington Post:

The Huffington Post

Barack Obama’s chief economic adviser, Larry Summers, received hundreds of thousands of dollars in speaking fees last year from firms that have direct financial interests before the government or are intimately involved in the White House’s bank relief programs.

The White House released late Friday the personal financial disclosure forms of many high-ranking administration officials. The document provided for Summers, who serves as one of the president’s closest confidants, underscores just how close some of these officials are to the industry over which they now have oversight.