Fineman, On Mathews Show, Says That Obama Listens to, And Trusts, Summers Above All

[Me.]

Really? I never heard this before. Is Fineman blowing smoke?

[Raineyb]

1. I hope that's not true. But it wouldn't be a surprise, it is my understanding that

Obama's understanding of anything economic is practically non-existent and he relies heavily on his advisers. Summers is an asshat and is part of the problem. Summers needs to go.

[kentuck]

2. Probably true.

He is dependent on former Clinton people for economic advice.

After all, that was the last successful economy that we had.

[Cleita]

3. Fineman is a Washington insider.

I don't think he's blowing smoke.

[earthside]

4. If that is true ...

... then Obama is screwed.

[glitch]

15. And so are we. nt

[niyad]

20. my thought exactly

[kentuck]

22. This had to deflate the hopes of every progressive in America...

when they heard that Obama was hiring Summers and Geithner to advise him on economic matters. My guess is they were recommended by Bill Clinton or Hillary?

[earthside]

5. If that is true ...

... then Obama is screwed.

[Me.]

8. Yep

[mmonk]

6. Depressing thought.

No wonder they are mad with the "professional left". To Summers, he is probably looking at stock prices and Wall Street profits and wonders why people are upset.

[Octafish]

7. Summers schooled Geithner...

So, Wall Street will always be first in line.

Thanks, Me, for the heads-up. We live in interesting times.

[Me.]

10. I Was Astonished To Hear This

If true I'm sure they'll come up with a reason to exclude Warren. Does Obama understand what happened to the Harvard endowment under Summers? And this is his go=to guy?

[Octafish]

11. Yes and it sure looks that way.

Big Money runs the Big Show. Consider how, In every economic "crisis" of the last 30 years, Wall Street got what it needed -- including when that meant off-shoring the middle-class.

[ProfessionalLeftist]

16. Does Obama know what happened to Brooksley Born? n/t

[Octafish]

21. Warren might take us back to the scene of the crime...

...where we find Three Amigos who learned their stuff at the knee of Mr. Big Buck Man himself, the one of many, Larry Summers: In Crucible of Crisis, Paulson, Bernanke, Geithner Forge a Committee of Three.

EXCERPT...

In many ways, the collaboration is a throwback to the relationships among President Bill Clinton's Treasury Secretaries Summers and Robert Rubin and former Fed chairman Alan Greenspan. That troika, once dubbed the "Committee to Save the World" for its efforts to prevent overseas financial crises from spilling over into the U.S. economy, also had a deep intellectual connection and similar résumés. (Rubin was a former Goldman Sachs chief executive, Summers a longtime academic and Greenspan an experienced government operative). Like Paulson, Bernanke and Geithner, the original committee to save the world frequently called one another on the fly, openly debated issues and buried their egos when they interacted.

-- Washington Post, Friday, September 19, 2008

As for Harvard: We find them everywhere from A to Harken to the Krongards to Z and all points in between where there's big money. It's like they all work for the Yalie bastahds.

[Me.]

24. Sounds Like A Harvard Educated, Elitist Mafia

In years to come we'll find out they had names like Tiny Tim and Fat Larry. Considering that we still don't know where all the money went, I wonder if Ricco applies. This also tells us that the rumors about why Romer left are probably true.

[ProfessionalLeftist]

14. He also played a supporting role to Hank Paulson - another freakin

Goldman-Sachs pig, and although his mentor was Summers, it is thought that he is really a R. Rubin protege.

Obama needs to get rid of these guys. I know he won't but he needs to.

Gibbs
Rahmbo
Geithner
Summers
Gates

Time to clean the pantry.

[Octafish]

23. The rich are different. They don't answer to the same laws as everyone else.

That alone makes me as mad as the maddest tea bagger.

Henry Paulson, Banker to the BFEE

Goldmine Sacked or The Best Way to Rob a Bank Is to Own One

Phil Gramm, the Meyer Lansky of the War Party, Set-Up the Biggest Bank Heist Ever.

PS: A hearty welcome to DU, ProfessionalLeftist! Like the nom de'guerre.

It really is time to clean the pantry. I'd call on Congress to do something about it, but we need supermajorities in both chambers led by movie stars during full moons in the months without an R in them to launch an investigation or something.

[Enrique]

9. Fineman's not reliable, imo

more than likely he's just doing a favor for a Summers ally in exchange for access.

[CreekDog]

12. The only way to know if this is true is to look at what Obama's done

does it look like he trusts Summers?

[Hawkowl]

18. No question about it

Larry Summers the guy with a huge IQ. The guy who DESTROYED the Harvard endowment fund. The guy who says women are stupid at math because they're women. The guy who probably hand picked Geithner for Obama. The guy is very smart, but ideologically rigid to the point of destroying the economy.

It is quite obvious that Obama has singlemindedly followed Summers advice to the detriment of us all.

And yes we are completely fucked if Obama continues down this path. Larry Summers is concerned only with Larry Summers and wouldn't know how to fix a liquidity trap if it bit him in the balls.

[Odin2005]

13. Then we are fucked.

[NC_Nurse]

17. Really.

[kentuck]

19. Bill Clinton has said he regrets listening to the advice of...

Summers and Rubin on the de-regulation of the Big Banks. Obama would be wise to hear that.