Friday, December 31, 2010

Larry Summers "Basically Doesn't Believe in the Government Helping Small Business" ... Will His Replacement Be More of the Same?


Everyone knows that Larry Summers helped the big Wall Street players and shafted small businesses. And so this shouldn't make me mad, because it's not news.

But reading Jonathan Alter's confirmation in his new book The Promise, infuriates me:

"The inability to pivot in 2010 to a single-minded focus on jobs was a by-product of what one senior aide called "dysfunction" between Emanuel, Summers, and Axelrod. Rahm had always admired Larry, but he was becoming exasperated with his failure to give him a jobs plan he could sell. 'Week after week, Rahm would say, 'Let's explore this' or 'How about that?' and Larry would slow-walk everything,' recalled one senior advisor. 'He basically doesn't believe in the government helping small business'."

If we don't demand that Summers' replacement as Director of the National Economic Council helps Main Street, the new boss will be same as the old boss.

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4 comments:

  1. S BenardDecember 31, 2010 at 7:51 AM

    And wasn't the ultimate "boss" a guy named Barack? Or was he still an absentee landlord for economic policy as well, just as he has been throughout the Pelosi-Reid Congress in which he outsourced his presidential agenda to them?

    Thanks always for the insights! May 2011 be a happier year for freedom in the American Republic!

    Tyranny has found a home in America! Progressivism is tyranny! End tyranny! End progressivism!
    Restore freedom! Restore the Republic!

    ReplyDelete
  2. S BenardDecember 31, 2010 at 7:52 AM

    And wasn't the ultimate "boss" a guy named Barack? Or was he still an absentee landlord for economic policy as well, just as he has been throughout the Pelosi-Reid Congress in which he outsourced his presidential agenda to them?

    Thanks always for the insights! May 2011 be a happier year for freedom in the American Republic!

    Tyranny has found a home in America! Progressivism is tyranny! End tyranny! End progressivism!
    Restore freedom! Restore the Republic!

    ReplyDelete
  3. Mike BallardJanuary 1, 2011 at 5:48 PM

    Restore the Republic? You mean the one before the Civil Rights Act; Medicare and Social Security? You mean the one before the abolition of chattel slavery and womens' right to vote?

    Why do I hear the strains of Archie and Edith singing, "Mister we could use a man like Herbert Hoover again"?

    ReplyDelete
  4. UnknownJanuary 1, 2011 at 6:26 PM

    Be careful what you ask for! The most dreaded words a small businessperson can hear is: " We're from the government and we're here to h(inder)elp "

    ReplyDelete

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