Obama's choice of Summers as chair of the Fed would deal a devastating blow to what little is left of the public's faith that the government will serve the common good and not the ultra-rich. For Summers is the perfect symbol of the insider's game that now dominates Washington.
If liberals want to preserve the estate tax, the most progressive tax of all, they need to dedicate its revenues to a specific program, not just deficit reduction. But not all programs are created equal.
A utopia only for the rich is no utopia at all. Americans have to decide whether they are going to continue to chase after an unobtainable mirage, or choose to construct a society where the vast majority have the same chance at a happy and prosperous life as the lucky few.