Comments on: Larry Summers So Brilliant He Forecast the Financial Crisis After It Started!

By: MarkH

MarkH — Thu, 13 Nov 2008 01:43:11 +0000

I get the feeling Summers isn’t appreciated around here.
How do ya feel about Volcker?
If not them then who do you think Obama could seriously consider?

By: Thrasyboulos

Thrasyboulos — Thu, 13 Nov 2008 01:26:00 +0000

This piece,

Lawrence Summers: a Suicidal Choice

from Exiled, is the definitive takedown of Summers.

He’s a bigger scumbag than has heretofore been revealed. If Obama appoints this guy, in this climate, we’re in for a ride.

http://tinyurl.com/67hs3m

By: pluege

pluege — Thu, 13 Nov 2008 00:10:57 +0000

Krugman ain’t getting no job in an Obama administration – no how, no way. Krugman did something far, far worse than LIEberman supporting mccain and dissing Obama: he supported by clear innuendo, Hillary Clinton. Unlike siding with republicans, in Obamaland, supporting HRC will get you banished to Siberia.

By: pluege

pluege — Thu, 13 Nov 2008 00:07:44 +0000

Another possibility (since he is so smart) which is far worse than Summers being late on the financial meltdown call is that he actually did predict the crisis but was too chickenshit to stick his neck out until it was safe that he was correct. This very real possibility would be further evidence of Summers’ character flaws that would be disastrous in a position of consequence.

By: tjbs

tjbs — Wed, 12 Nov 2008 23:30:27 +0000

OT maybe
Baby we been played.
Bush vs China over in the middle east.
Bush invades to Iraq cut off the Chinese oil access.
Bush miscalculates cost and length of war.
Because we were sold out in manufacturing China,making a nice profit from manufacturing,is able to lend us about, say ,1 billion per day for the war. ( Norseflamethrower reminds us we’re past 1800 days or $1,800 billion)Since bailout fever hit at the beginning of September ( like the scraping sound on the TO BIG TO FAIL TITANIC) US borrowing is on track to the tune off $ 9 trillion a year, according to a post over at the KOS.
Reported on NPR today IRAQ signed an oil service contract with the CHINESE to develop their oilfields without the percent cut we were demanding. Checkmate, now that China is doing their own bailout if they decouple from the dollar no more billion a day for our addictive warrior behavior or anything else. They won without firing a shot or putting one of their solders in harms way. Point, set ,match?
Is that why,at the press conference Paulson looked like the captain of the Titanic shouting out orders to right this ship and save us?
Am I missing the big picture Ian?