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Lawrence Summers

Compared to AIG? He's Doing Better All the Time!

Rick Horowitz | Posted 05.25.2011 | Business
Rick Horowitz

I don't want to sound like I'm bragging or anything, but I thought you ought to know: In the last quarter of 2008, I outperformed AIG by 61 billion dollars.

The Markets: Always Up, and Never Down

Rick Horowitz | Posted 05.25.2011 | Business
Rick Horowitz

Back when it was good, you didn't understand it and it didn't matter; the numbers kept going up anyhow. The ones who knew, knew, and you were content to go along for the ride.

Herbert Hoover Copycat: How the Current Financial Rescue Schemes are Following Hoover's Failed Model

Ismael Hossein-zadeh | Posted 05.25.2011 | Politics
Ismael Hossein-zadeh

The deepening and protraction of the crisis is largely due to policy makers' subservience to the interests of Wall Street gamblers -- shirking their responsibility to protect people's interests.

GM, Chrysler Want Billions More

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

Incidentally, GM got another $4 billion Tuesday after turning in their plan. Were you ever rewarded that much just for doing your homework?

Larry Summers: Economy Likely To Decline "For Some Time"

Bloomberg | Timothy R. Homan and Matthew Benjamin | Posted 05.25.2011 | Business

Feb. 13 (Bloomberg) -- President Barack Obama's top economic adviser said it will take a while for the fiscal stimulus and financial-rescue plan to ha...

No Tough Love for Wall Street

Robert Scheer | Posted 05.25.2011 | Politics
Robert Scheer

For all the brave talk about transparency and accountability Geithner gave the swindlers who got us into this mess yet another blank check to buy up the "toxic assets" they gleefully created.

Volker, Summers Tangled In a Power Struggle

Bloomberg | Robert Schmidt and Julianna Goldman | Posted 05.25.2011 | Business

Feb. 5 (Bloomberg) -- Paul Volcker has grown increasingly frustrated over delays in setting up the economic advisory group President Barack Obama pick...

Obama Economic Adviser Volcker "Increasingly Frustrated" By Delays, Blames Summers

Bloomberg | Posted 05.25.2011 | Politics

Paul Volcker has grown increasingly frustrated over delays in setting up the economic advisory group President Barack Obama picked the former Federal ...

Economic Policy Could Scuttle Obama's Good Start

Robert Scheer | Posted 05.25.2011 | Politics
Robert Scheer

Why, in the management of the economy, do we hear so little from the Chicago community organizer and so much from the Harvard law school elite, preoccupied with the well-being of the denizens of Wall Street?

Larry Summers At Federal Reserve By 2010?

US News and World Report | Posted 05.25.2011 | Business

He hasn't even taken office yet and the rumors about President-elect's musical chairs are starting. The latest: That Obama won't reappoint Federal Res...

Should Progressives Be Upset with Obama?

David Corn | Posted 05.25.2011 | Politics
David Corn

With these hawkish, Rubin-esque, middle-of-the-road picks, has Obama abandoned the folks who brought him to the dance?

The Daily Szep: Lawrence Summers, Chief Economic Adviser

Paul Szep | Posted 05.25.2011 | Politics
Paul Szep


Obama Chooses Wall Street Over Main Street

Robert Scheer | Posted 05.25.2011 | Politics
Robert Scheer

Maybe Ralph Nader was right: the same Wall Street hustlers will have a lock on our government no matter which major party wins the election. How else is one to respond to Obama's economic picks?

NYT: Geithner And Summers "Have Played Central Roles" In Provoking Crisis

New York Times | Posted 05.25.2011 | Business

In various high-level government positions, Timothy Geithner, Mr. Obama's choice for Treasury secretary, and Lawrence Summers, his choice for director...

Obama's Picks and the Ideology of No Ideology

Norman Solomon | Posted 05.25.2011 | Politics
Norman Solomon

On Friday, columnist David Brooks informed readers that Barack Obama's picks "are not ideological." The incoming president's key economic advisers "ar...

Promising Signs As Obama's Cabinet Shapes Up

Joseph A. Palermo | Posted 05.25.2011 | Politics
Joseph A. Palermo

As secretary of state, Hillary Clinton could play the heavy with the Israeli government (for once) and demand that it makes serious concessions toward creating an independent Palestinian state.

Team Obama: Transformation, Transparency & Trust

Christine Pelosi | Posted 05.25.2011 | Politics
Christine Pelosi

This team inspires trust due to their credentials, experience, and unity around Obama's core economic philosophy -- that America is built on a strong, vibrant, thriving middle class.

Where is the Economic Team of Rivals?

Allison Kilkenny | Posted 05.25.2011 | Politics
Allison Kilkenny

It appears there is at least one area of his fledgling administration that is not open to discussion or debate -- the economy.

Lawrence Summers Is a White House Playa

Nancy Snow | Posted 05.25.2011 | Politics
Nancy Snow

Lawrence H. Summers will be Obama's director of his National Economic Council. We all know what a great job Summers did as Harvard President (2001-20...

Change We Can Bank On

Robert Scheer | Posted 05.25.2011 | Politics
Robert Scheer

This is not change we can believe in -- not if Robert Rubin or his protégé, Lawrence Summers, get to call the shots on the economy in Obama's incoming administration.

Who Wasn't On Stage With Obama and Should Have Been?

Steve Clemons | Posted 05.25.2011 | Politics
Steve Clemons

I'm not satisfied with the roster of economic personalities and thinkers we see Barack Obama mixing with.

Will Obama's First Term Really Just be a Hybrid of Clinton III and GW Bush III?

Steve Clemons | Posted 05.25.2011 | Politics
Steve Clemons

There is a strong chance that Lawrence Summers is going to be returned to the post of Secretary of the Treasury. Larry will have to prove to us that he is different and not the harbinger of Clinton Term III.

Can We Please Have A Pro-Choice, Pro-Environment Secretary of State?

Jane Hamsher | Posted 05.25.2011 | Politics
Jane Hamsher

The new Secretary of State will deal with whatever replaces the Kyoto agreement. Hagel has a 9% 2008 rating from the League of Conservation Voters. Lugar scores 18%. Are they really the best people for the job?

Lawrence Summers: Africa Is

Max Blumenthal | Posted 05.25.2011 | Politics
Max Blumenthal

If Obama nominates Summers, he will send a dispiriting message to governments of developing countries -- especially in Africa -- just as they have begun to look at the United States as a beacon of hope.

How Obama Can Demonstrate Real Leadership on the Economic Crisis

Arianna Huffington | Posted 05.25.2011 | Politics
Arianna Huffington

For Obama to show the kind of transformational leadership the crisis demands, he needs to do what so many of his critics have chided him for not doing: take a stand that puts him at odds with the establishment of his own Party. Read More WATCH: Arianna On The CBS Early Show Discussing America's Changing Perception of Sarah Palin The Palin Doctrine: Why the Neocons Are So Excited Sarah Palin may not have known what the Bush Doctrine was, but we're getting a pretty good idea of what the Palin Doctrine is. And what is it going to look like? Let's just say, it's going to seem familiar. Read More