Thursday, August 29, 2013

Summers Pick Fits Obama’s Preference for Beaten Path

At this point, Larry Summers isn’t just the favorite for Federal Reserve chairman. He’s the overwhelming favorite. Unless something truly unexpected shows up in the vetting process (a paid toast at Bashar al-Assad’s birthday party, for example) or the administration comes to believe Senate Democrats will revolt against a Summers nomination, he’s going to get the job.
That shouldn’t come as a shock. A close look at the rest of President Barack Obama’s economic appointments makes clear that the shock would be if he didn’t go with Summers.

http://www.bloomberg.com/news/2013-08-28/summers-pick-fits-obama-s-preference-for-beaten-path.html 

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