CENK UYGUR: ‘IT's OVER’ If Obama APPOINTS Larry Summers to the Federal Reserve

[Segami]

No one can claim President Barack Obama is a progressive if Larry Summers ends up at the Federal Reserve, Cenk Uygur of The Young Turks said on Thursday.

“If he appoints Larry Summers it is over,” he remarked. “There is no one that can make the case that President Obama is actually a progressive at heart. ‘Oh, wait for the second term. In the second term he’ll be really progressive.’ Then why would he take the guy most responsible for deregulation, for agreeing with the Republicans, for giving the banks everything they wanted and give him the most powerful position? Because he’s not a progressive.


“If Larry Summers is appointed, it’s the final nail in that coffin. No one in their right mind could call President Obama a progressive.”

Obama is rumored to be considering nominating former White House Economic Adviser Larry Summers to replace Ben Bernanke as chairman of the Federal Reserve. Uygur noted that Summers had pushed to deregulate the banking industry during his time in the Clinton administration, where he served as Deputy Secretary of the Treasury and later Secretary of the Treasury. Summers supported the successful repeal of a key provision of the 1933 Glass-Steagall Act, removing barriers between commercial banks, investment banks, insurance companies and securities firms. Though the deregulation of Wall Street lead to an financial collapse in 2008, Summers has said he wouldn’t do much different in retrospect.

cont'



http://www.rawstory.com/rs/2013/07/25/cenk-uygur-its-over-if-obama-appoints-larry-summers-to-the-federal-reserve/

[Common Sense Party]

1. "It's over"? WHAT's over? Depending on what you're asking, "it" has been over for a long time.

Some might say "it" never even started.

[Gidney N Cloyd]

4. Forget it. Cenk's on a roll.

[CincyDem]

2. Larry is our financial version of Ambassador Palpatine. (StarWars Reference) n/t

[Segami]

3. Larry Summers shouldn't be on ANY of Obama's appointment lists.

Lets wait and see if President Obama sees the light......more popcorn please!

[Itchinjim]

5. Cenk who?

[Dawgs]

7. Wow. You're wildly informed. n/t

[closeupready]

28. Plus, who's itchinjim?

[grantcart]

56. lol the poster was making a sardonic reference to the fact that Cenk's profile has dropped off.

[Dawgs]

58. No shit. And only because the media couldn't deal with someone telling the truth.

I said the they were uninformed because Cenk is very much relevant; especially to those of us that care for the truth.

[SidDithers]

39. Exactly...

Sid

[Dawgs]

6. Cenk is smarter than this. Obama was never progressive and he knows it. n/t

[geek tragedy]

9. Uygur has made that point many, many times.

"This time I mean it."

Ok/

[Segami]

12. Well, lets see what Obama himself thinks,...

“I am someone who is no doubt progressive,” he said, adding that he believes in universal health care and that government has a strong role to play in overseeing financial institutions and cracking down on abuses in bankruptcies and the like.....

- ..“I believe in a whole lot of things that make me progressive and put me squarely in the Democratic camp,” he said. But, he noted, he does not believe that the active hand of government is a replacement, say, for parental responsibility in education....

- ...“Look, let me talk about the broader issue, this whole notion that I am shifting to the center,” he said. “The people who say this apparently haven’t been listening to me...”

http://thecaucus.blogs.nytimes.com/2008/07/08/obama-addresses-critics-on-centrist-moves/

[Doctor_J]

15. That sort of sums up his entire bullshit campaign in 3 sentences

[ProSense]

27. So you're saying Cenk fell for the "bullshit campaign"? n/t

[bvar22]

42. President Obama's brand of Universal Health Care,

which is Forcing everyone to BUY Health Insurance from Private Corporations
isn't exactly what the rest of The WORLD considers "Universal Health Care",
and is NOT something that FDR or LBJ would approve.

This is Mitt Romney's kind of "Universal Health Care".

[geek tragedy]

8. LMAO. Cenk Uygur threatens to declare Obama a non-progressive for the 500th time.

I'm sure he'll have another "this is the final straw" issue for his next episode.

[arely staircase]

10. Uyger's daily final straw

[JaneyVee]

11. I think Obama is trying to be the new center, which shifts the left into the mainstream.

[Aerows]

17. Well now

That's ... optimistic

[JaneyVee]

21. By being the new center, it drove the rightwing into the looney bin.

Mainstreaming equality, civil rights, gay rights, womens rights, workers rights, defense of middle class policies, infrastructure, safety nets, etc. makes the rightwing look even more batshit crazy for being so firmly against them. By being the new center it makes things like single payer not seem so "radical" for any candidate on the left.

[MindPilot]

26. When did he do all that?

[Skittles]

34. you have to tap into the swoon cloud, MindPilot

[JackRiddler]

49. Obama isn't responsible for much if any of this.

Gay rights for example mainstreamed itself through decades of struggle. To say Obama's contribution to that was minimal is charitable.

[Doctor_J]

13. Some people still insist on getting upset

when the president acts like a Republican. How dare they!!!!

This move should inspire all of those who voted for change in 2008 to get out there and vote next year!!11!1!

[olddots]

14. the key word here Cenk is IF ___IF ____IF

if he does this you are right if he doesn't you become a TV talker .

[kentuck]

16. Who else is in the running?

I had not heard any other names mentioned?

[Aerows]

19. A load of horse crap

would be better than Summers. All it would do is sit there and stink - it wouldn't make things worse.

[kentuck]

29. I tend to agree.

I just hadn't heard any other names mentioned as possible nominees??

[Segami]

30. Janet Yellen....

Janet Louise Yellen (born August 13, 1946) is an American economist and professor, who is the Vice Chairman of the Board of Governors of the Federal Reserve System. Previously, she was President and Chief Executive Officer of the Federal Reserve Bank of San Francisco, Chair of the White House Council of Economic Advisers under President Bill Clinton, and Professor Emerita at the University of California, Berkeley's Haas School of Business.

cont'


https://en.wikipedia.org/wiki/Janet_Yellen

[Aerows]

31. Just about to post that

She's been the Officer of the Fed in St. Louis, too. She's a very decent candidate without the track record of utter destruction Summers has left behind him. Compared to him, she looks like Elizabeth Warren, Mother Theresa and Marie Curie all rolled into one.

[uponit7771]

18. It was over q3;on1234 times ago, who says Summers is up for fed reserve?

[Dash87]

20. Obama isn't a progressive...

Why do people keep claiming that he is? Obama is a slightly left-leaning centrist.

[Segami]

25. Its not people claiming it,...its Obama himself.

“I am someone who is no doubt progressive,” he said, adding that he believes in universal health care and that government has a strong role to play in overseeing financial institutions and cracking down on abuses in bankruptcies and the like.....

- ..“I believe in a whole lot of things that make me progressive and put me squarely in the Democratic camp,” he said. But, he noted, he does not believe that the active hand of government is a replacement, say, for parental responsibility in education....

- ...“Look, let me talk about the broader issue, this whole notion that I am shifting to the center,” he said. “The people who say this apparently haven’t been listening to me...”

http://thecaucus.blogs.nytimes.com/2008/07/08/obama-addresses-critics-on-centrist-moves/

[duffyduff]

36. He is NOT a "centrist," much less "left-leaning."

He is a neoliberal, period. That is RIGHT wing. Throwing a few crumbs to satisfy the social issues crowd doesn't change the fact he is hard right, and on the issues that matter, he isn't a Democrat at all.

[LWolf]

50. +1

[JRLeft]

57. ^This

[Luminous Animal]

22. Last straw dispenser

http://vastleft.blogspot.com/2013/07/american-extremists-last-straw-dispenser.html

[Pretzel_Warrior]

23. I will be seriously disappointed in Obama if this nomination happens

because Larry Summers is a .01% piece of shit.

[Aerows]

33. Please don't insult

pieces of shit by comparing them to Larry Summers. At least they provide growth instead of causing massive economic failures.

[duffyduff]

37. It's more proof Obama is Robert Rubin's puppet. n/t

[Pretzel_Warrior]

43. hasn't happened yet, and it would be proof that Obama is risk-averse

not that he is Rubin's puppet.

[TheKentuckian]

60. Doing what is obviously counter-productive, dangerous, and a big part of the problem

doesn't get to fly under the cover of being "risk adverse" to me. Keeping Bernake the first time might slide but now one would just be playing with fire. Lar-Dogg ain't "safe", not for us.

[Aerows]

61. Risk-averse?

You think appointing Larry Summers, the man who was so reckless that he cost Harvard over $2 billion is "risk-averse"?

Oh, you mean politically. Because many Democrats in Congress have spoken out about his appointment. Oh wait, you mean because Republicans kind of like him because Summers loves deregulation. That kind of "risk-adverse". Gotcha.

[Rex]

24. I'm not sure why he wants such a failure to be in charge

I guess Wall Street already sent their marching orders for TARP II, TARP III and of course the MEGATARP 2015 deal where we all lose our investments and Wall Street decides to buy the remaining politicians still up for sale for pennies on the dollar.

[AllINeedIsCoffee]

32. I hope they provided subtitles. nt

[bvar22]

35. I don't think anyone could claim the Obama was a "Progressive"...

...after he did THIS on Day One:

[font size=5]
The DLC New Team
Progressives Need NOT Apply
[/font]
(Screen Capped from the DLC Website)

You can't blame the Republicans for THIS ^.


You will know them by their [font size=3]WORKS.[/font]

[duffyduff]

38. Where the hell is Duncan on that list? He is by far the worst cabinet appointment EVER.

n/t

[TheKentuckian]

59. The DLC didn't think they could actually pass that one off.

Only Obama could get away with that guy.

[MrSlayer]

40. Over? When did it begin?

He's NEVER been a progressive. He's a Reaganite like the rest of the post Reagan Presidents.

On social issues he's ok but other than that he's more Reagan than Reagan.

[forestpath]

41. The fact that Obama even is CONSIDERING this sexist reckless pro-big bank disaster

says all anyone ever needs to know about Obama.

[Segami]

45. The proof is in the pudding...

if the pudding tastes like a shit-sandwich, well then, we all eat shit!

[forestpath]

46. And there's a never-ending supply from Obama.

[Cha]

44. Fuck, it's been "over" for cenk for a long time.

[Liberal_Stalwart71]

48. Exactly! And what does he mean by "it's over"? Obama will thankfully STILL be president!!

[aikoaiko]

47. Does someone need a hug, Cenk?

[MjolnirTime]

51. TYT has become laughable.

[GiaGiovanni]

52. I agree with Cenk

Anyone who knows Larry Summers' history understands why Cenk is right on this one.

[Sheepshank]

53. Is Cenk implying that this nomination is the make or break of the Obama Presidency...again?

I personally think he should go on a "Don't re-elect Obama" campaign. That'll learn him!

Just out of curiosity, how many other nominations are waiting in the wings for Rep approval..and for how long have they been there?

[HipChick]

54. Cenk is an idiot. Obama was never progressive..

[Segami]

55. Cenk never referred to Obama as a 'progressive'.....

Cenk is referring to ' others ' who continue to beat that asinine dead horse, (including Obama himself) by labeling Obama a 'progressive'........

“I am someone who is no doubt progressive,” he said, adding that he believes in universal health care and that government has a strong role to play in overseeing financial institutions and cracking down on abuses in bankruptcies and the like.....

- ..“I believe in a whole lot of things that make me progressive and put me squarely in the Democratic camp,” he said. But, he noted, he does not believe that the active hand of government is a replacement, say, for parental responsibility in education....

- ...“Look, let me talk about the broader issue, this whole notion that I am shifting to the center,” he said. “The people who say this apparently haven’t been listening to me...”

http://thecaucus.blogs.nytimes.com/2008/07/08/obama-addresses-critics-on-centrist-moves/