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Progressive critics of Summers had argued for months that he was not the right candidate to tame the big banks—or to address the fundamental challenges facing the US economy.
But Obama continued to consider the man who served as his director of the National Economic Council.
Now the president must find another nominee.
In August, Warren and Sanders circulated a letter that raised questions for whoever is nominated to chair the Fed.
Sanders and Warren argued that “the next Fed chair will have an opportunity to get our economy back on track and to help rebuild America’s middle class. But that will require the right temperament and a willingness to take on Wall Street CEOs when necessary. It is critical that the next Fed chair make a genuine, long-term commitment to supporting those who don’t have armies of lobbyists and lawyers to advance their interests in Washington—working and middle-class families.”
I'm impressed that liberals were able to successfully make the case. However, it should be noted that Barack Obama stood steadfast by Summers' nomination, and repeatedly went to bat for him. If anything, liberals should be thanking Summers for withdrawing, and castigating Barack Obama for not standing up for his base.
I'm impressed that liberals were able to make the case. However, it should be noted that Barack Obama stood steadfast on Summers' nomination, and repeatedly went to bat for him. If anything, liberals should be thanking Summers for withdrawing, and castigating Barack Obama for not standing up for his base.
Almost made it to 3 posts without mention of Obama, must be a record. He wanted him but this is a step in the right direction, didn't realize what a big fan you were of liberal senators, kudos to Elizabeth Warren someone we both like.
Status:
"everybody getting reported now.."
(set 17 days ago)
Location: Pine Grove,AL
29,544 posts, read 16,528,077 times
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Quote:
Originally Posted by AeroGuyDC
I'm impressed that liberals were able to successfully make the case. However, it should be noted that Barack Obama stood steadfast by Summers' nomination, and repeatedly went to bat for him. If anything, liberals should be thanking Summers for withdrawing, and castigating Barack Obama for not standing up for his base.
Almost made it to 3 posts without mention of Obama, must be a record. He wanted him but this is a step in the right direction, didn't realize what a big fan you were of liberal senators, kudos to Elizabeth Warren someone we both like.
Why would Obama not be discussed? It's HIS nominee!
Status:
"everybody getting reported now.."
(set 17 days ago)
Location: Pine Grove,AL
29,544 posts, read 16,528,077 times
Reputation: 6029
Quote:
Originally Posted by AeroGuyDC
Liberals like the OP didn't jeer Summer's nomination? Of course they did. The noise was loud. You're just being obtuse.
If Rand Paul filibustered John Bolton for Secretary of State under a Mitt Romney Presidency, you would not be calling him a Conservative because his ideology falls far more in the realm of right wing Libertarian than conservative just as Warren and Sanders fall more into the realm of Progressive than Liberal.
just because you dont agree with me doesnt mean im Obtuse.
If Rand Paul filibustered John Bolton for Secretary of State under a Mitt Romney Presidency, you would not be calling him a Conservative because his ideology falls far more in the realm of right wing Libertarian than conservative just as Warren and Sanders fall more into the realm of Progressive than Liberal.
just because you dont agree with me doesnt mean im Obtuse.
Why is it that you insist on leaning entirely on the elected officials' view and completely ignore the fact that liberals by the thousands protested Summers' nomination? Yes....believe it or not....liberal citizens fought hard against Summers. But you don't want to hear that.
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