General Discussion

JohnnyRingo

(20,863 posts)

182. Maybe.

Sun Sep 15, 2013, 10:19 PM

Sep 2013

Sure worked with Occupy Wall Street, and then I'm even old enough to remember when electric guitars ended the Vietnam War.

I hate to be a cynic, and I don't have any inside dope on why Summers withdrew, but such things usually happen for reasons of deeper strategy than lame duck cowering to an angry outburst from armchair iPad economists. I'm not sure how effective anonymous posters on internet forums are in shaping domestic policy, but I guess the end result is all that matters.

I just wouldn't get too full of myself about it.

Sarcastic as I was in my OP, I'm really just relieved to see a hopeful period when DUers aren't going at each other's throats. It'll be nice to see a week where no one has to pronounce a Democrat as "dead to me" or threaten to go full Paulite.

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Summers Withdraws Name for Fed Chairmanship [View all] The Straight Story Sep 2013 OP

Fantastic LittleBlue Sep 2013 #1

We are seeing progress? Stargazer09 Sep 2013 #12

Not only as virtually all of the economic gains gone to the wealthiest Americans LittleBlue Sep 2013 #21

I know Stargazer09 Sep 2013 #29

Interest rate swaps are pretty mild derivatives. Lucky Luciano Sep 2013 #72

Anything that causes the Harvard endowment Aerows Sep 2013 #123

Not saying Summers is a good trader. Lucky Luciano Sep 2013 #179

The bond market is going to soar knowing he's out of the running Aerows Sep 2013 #183

I have nothing particularly good to say about Summers. Lucky Luciano Sep 2013 #186

He's a destructive economist Aerows Sep 2013 #187

I see the 10 yr better by 2.5 bps. With SPX up 1%. Lucky Luciano Sep 2013 #189

No Brainer. n/t Aerows Sep 2013 #193

I stand corrected on market impacts of summers' exit. Lucky Luciano Sep 2013 #210

Hey Lucky.. dixiegrrrrl Sep 2013 #202

Hey DG! Lucky Luciano Sep 2013 #242

Why doesn't the President recognize this? Enthusiast Sep 2013 #104

It isn't going to help reducing the value of bonds Aerows Sep 2013 #185

Maybe thats where we come in... Left Coast2020 Sep 2013 #195

I know, Phlem Sep 2013 #59

I think we have differing definitions Stargazer09 Sep 2013 #205

No, we're thinking the same thing Phlem Sep 2013 #236

Romney got a raise. Spitfire of ATJ Sep 2013 #68

Romney is more of a stock man Aerows Sep 2013 #184

Here's the thing. One of the ways the government pays for things is by issuing bonds.... Spitfire of ATJ Sep 2013 #191

What else is new? Stargazer09 Sep 2013 #206

Romney was great at one thing.... Spitfire of ATJ Sep 2013 #211

Amen to that Stargazer09 Sep 2013 #234

Yeah, it's improving. progressoid Sep 2013 #99

I hope they burn in hell Stargazer09 Sep 2013 #207

I was out of work for almost six months in 2009 because of the recession, cheapdate Sep 2013 #125

Get used to them. As capitalism spirals downward......... socialist_n_TN Sep 2013 #133

I'm glad things are improving for you Stargazer09 Sep 2013 #208

You are not looking up high enough the 1% are doing great! Heather MC Sep 2013 #167

There you go! Stargazer09 Sep 2013 #209

I know...I nearly choked on my morning tea when I read that part in the OP. deutsey Sep 2013 #200

Oh yeah Stargazer09 Sep 2013 #204

It exposes the true sentiments of the President. Enthusiast Sep 2013 #103

I was SO SURE that this was the Onion... CaliforniaPeggy Sep 2013 #2

Me, too! Stargazer09 Sep 2013 #15

Me too. DURHAM D Sep 2013 #38

I thought so as well. WHOOHOO! nt antigop Sep 2013 #40

Me too. I also had to check to make sure. Sounded too good to be true!!! OregonBlue Sep 2013 #50

Same here Katashi_itto Sep 2013 #94

Good. LiberalAndProud Sep 2013 #3

Afterwards followed by Summers immediately reestablishing his lucrative ties to Citi n/t brentspeak Sep 2013 #4

good. he should have done that much sooner. xchrom Sep 2013 #5

Yes!!! n/t KelleyD Sep 2013 #6

He actually did something I agree with! arcane1 Sep 2013 #7

Haha, great reply - nt lyonn Sep 2013 #49

BACKFLIPS !!!! marmar Sep 2013 #8

Yes!!!!!!!!!!! Autumn Sep 2013 #9

Fan fucking tastic! morningfog Sep 2013 #10

Let's hope Obama doesn't just jump from Summers to Geithner. liberal_at_heart Sep 2013 #11

He tried Stargazer09 Sep 2013 #13

Geithner has already bowed out. eom tiredtoo Sep 2013 #102

I know Stargazer09 Sep 2013 #108

Geithner is ok. roamer65 Sep 2013 #69

"They delivered the needed liquidity to stabilize the situation". .....for the banks Vanje Sep 2013 #81

I understand... roamer65 Sep 2013 #93

The bailouts should have been conditional. Enthusiast Sep 2013 #107

"The bailouts should have been conditional."......... socialist_n_TN Sep 2013 #136

how about the banks and their fucking derivatives? What has your team of experts done rhett o rick Sep 2013 #178

We need a economist with some sense at the Helm Cryptoad Sep 2013 #110

Holly smokes. They saved the banks. We are still screwed. You rhett o rick Sep 2013 #177

Geithner has already said NO, so no risk there. Mass Sep 2013 #117

Maybe...maybe not. roamer65 Sep 2013 #150

If I had to make a choice between the two give me Geithner. PragmaticLiberal Sep 2013 #190

Excellent gopiscrap Sep 2013 #14

this is good news irisblue Sep 2013 #16

Yayyyy! Vanje Sep 2013 #17

Public pressure DOES work. Great news! n/t Melinda Sep 2013 #18

+1 woo me with science Sep 2013 #19

Sometimes, and this could be one of them. tomg Sep 2013 #26

The 99 percent is finding its voice. woo me with science Sep 2013 #20

People are waking up. Isn't it great? liberal_at_heart Sep 2013 #23

It is BelgianMadCow Sep 2013 #37

First Syria, now this... awoke_in_2003 Sep 2013 #112

I think the Democrats are finally hearing us heaven05 Sep 2013 #148

Best news I've heard all day Aerows Sep 2013 #22

From your keyboard to God's gaze. nt Vanje Sep 2013 #30

One can only hope!! Aerows Sep 2013 #36

Seriously, what was Obama thinking? Glad he knows when to back down...so far. dkf Sep 2013 #44

I don't know Aerows Sep 2013 #80

I think Summers backed down--he didn't want to have to deal w/Warren at hearings. nt MADem Sep 2013 #124

That would have been epic. Aerows Sep 2013 #129

Geithner is running the selection process. roamer65 Sep 2013 #160

Summers may have just backed off of his own accord--after all, Geithner wouldn't have MADem Sep 2013 #192

Crosspost Pimpin my grrrl: Janet Yellin Vanje Sep 2013 #24

I hope for her, too Aerows Sep 2013 #111

Yellen is the new favorite. nt MADem Sep 2013 #126

I am quite pleasantly shocked nadinbrzezinski Sep 2013 #25

Whew. n/t Egalitarian Thug Sep 2013 #27

Good. No further comment required. ewagner Sep 2013 #28

Oh Thank God! I wont have to foment revolution ....this week, any way Vanje Sep 2013 #31

Well, don't put down the Marx just yet....... socialist_n_TN Sep 2013 #138

Great news! ljm2002 Sep 2013 #32

Great News! Now I've gotta check out Donald Kohn! KoKo Sep 2013 #33

Well, that worked out well for everyone. Baitball Blogger Sep 2013 #34

Thank you Larry DJ13 Sep 2013 #35

whewww... whttevrr Sep 2013 #39

Interesting. quakerboy Sep 2013 #41

Article says Yellen or Donald Kohn. Here's Kohn's Bio: KoKo Sep 2013 #46

also served as a key adviser to former Fed Chairman Alan Greenspan Oilwellian Sep 2013 #82

That should disqualify him immediately. roamer65 Sep 2013 #115

First thought Aerows Sep 2013 #120

Oh God, no Aerows Sep 2013 #121

Yep...bothered me, too. At least he's not from Harvard...that's the plus KoKo Sep 2013 #127

I think Yellen is a good choice Aerows Sep 2013 #132

So another neo-liberal Freidmanite?........ socialist_n_TN Sep 2013 #142

True...lie down with dogs or cats in the wild...and one Ends up with Fleas..... KoKo Sep 2013 #145

Janet Yellin Vanje Sep 2013 #47

And there you have it. BumRushDaShow Sep 2013 #42

This news made my day!! lyonn Sep 2013 #43

so another poutrage bites the dust... VanillaRhapsody Sep 2013 #45

Post removed Post removed Sep 2013 #51

waah somebody call the Whambulance! VanillaRhapsody Sep 2013 #54

I think Summers deserves full credit for not allowing Obama to nominate him. joshcryer Sep 2013 #52

What does that even mean? WilliamPitt Sep 2013 #66

You have not seen comments that suggest that since Summers is the "nominee" Obama is evil incarnate? VanillaRhapsody Sep 2013 #71

You sound like a fortune cookie. WilliamPitt Sep 2013 #78

and you haven't been sounding very wise at all lately... VanillaRhapsody Sep 2013 #83

I put that poster on ignore for a bit Vanje Sep 2013 #84

More like a committee of fortune cookies. N.T. Warren Stupidity Sep 2013 #130

I am not the one "predicting the future" with obviously invalid fortune cookies VanillaRhapsody Sep 2013 #219

No, VR sounds like someone who hates most DUers - and Elizabeth Warren muriel_volestrangler Sep 2013 #161

Who is objecting to Summers? VanillaRhapsody Sep 2013 #217

So no matter what happens..... FredStembottom Sep 2013 #223

no.....but I have been right alot... VanillaRhapsody Sep 2013 #224

Which to me sounds like: FredStembottom Sep 2013 #225

"what it sounds like to you" VanillaRhapsody Sep 2013 #227

Actually, I conduct myself pretty modestly around here. FredStembottom Sep 2013 #232

You might.....but was I originally talking to you? VanillaRhapsody Sep 2013 #233

True. I did jump in. FredStembottom Sep 2013 #235

Must be a reason for the "hair on fire" gets brought up .... VanillaRhapsody Sep 2013 #237

I think we have come to a resting place. FredStembottom Sep 2013 #238

Please remember that "we won" when Obama has yet another success.... VanillaRhapsody Sep 2013 #241

Yes, you show it - you hate us, and spend your time insulting us muriel_volestrangler Sep 2013 #228

hate a strong word... VanillaRhapsody Sep 2013 #231

New word: "Derp-rage" amb123 Sep 2013 #203

for the "hair on fire rage brigade? VanillaRhapsody Sep 2013 #220

Oh you poor poor baby. When this happens its called winning:) grahamhgreen Sep 2013 #197

so what's your next failed prediction? VanillaRhapsody Sep 2013 #221

Obama will re-introduce the public option!!! grahamhgreen Sep 2013 #243

Oh Great...now you jinxed it! VanillaRhapsody Sep 2013 #244

cue the stories about how Yellin is the spawn of Satan and the Wal-Mart heirs. nt geek tragedy Sep 2013 #48

This is for you too Vanje Sep 2013 #55

I thought Summers would have been a terrible pick and greatly preferred Yellin. geek tragedy Sep 2013 #140

I think that's called political opinion........ socialist_n_TN Sep 2013 #144

The fickle nature of discussion boards is such that geek tragedy Sep 2013 #147

I think Yellin would be a GREAT Fed Chair Vanje Sep 2013 #152

Have they accused Yellin of being a secret PNAC plant yet? VanillaRhapsody Sep 2013 #56

Go away Vanje Sep 2013 #57

"tough titty said the kitty VanillaRhapsody Sep 2013 #61

you had a grandmother ? Phlem Sep 2013 #70

one of the greatest ever... VanillaRhapsody Sep 2013 #73

a tainted grandmother Vanje Sep 2013 #86

You know the saying. If her grandmother had testicles she'd be my grandfather. Quantess Sep 2013 #119

they're getting worse than teabaggers Phlem Sep 2013 #141

I so fucking love you Autumn Sep 2013 #159

Oh my god... DURHAM D Sep 2013 #172

Thanks! Phlem Sep 2013 #188

Thread police should be required to show their badge. nt sufrommich Sep 2013 #63

Not from me Aerows Sep 2013 #128

That's for the best. polichick Sep 2013 #53

Yea! truebluegreen Sep 2013 #58

Too many people are suspicious of Summers.. fadedrose Sep 2013 #60

Just like Obama planned it. WilliamPitt Sep 2013 #62

I think you and I just said the same thing but different......nt fadedrose Sep 2013 #65

He has been "Susan Rice'd" ProSense Sep 2013 #90

Never should have been on the list to begin with. WilliamPitt Sep 2013 #91

WOO HOO! bigwillq Sep 2013 #64

Janet Yellen should be an absolute shoo-in (nt) Nye Bevan Sep 2013 #67

I have a suggestion... Spitfire of ATJ Sep 2013 #74

We could only wish...nt roamer65 Sep 2013 #76

That would work! nt Vanje Sep 2013 #87

I don't think he's allowed near the White House. nt woo me with science Sep 2013 #97

They might even call Obama a commie.... Spitfire of ATJ Sep 2013 #158

That would be awesome Aerows Sep 2013 #139

I'm sick of the "Mood Ring" school of economics. Spitfire of ATJ Sep 2013 #157

Me too Aerows Sep 2013 #168

Krugman has frequently said he's no administrator muriel_volestrangler Sep 2013 #163

Ask him if he would rather have Summers. Spitfire of ATJ Sep 2013 #169

He has many times said Janet Yellen is the best candidate muriel_volestrangler Sep 2013 #199

Okay, I respect his endorsement.... Spitfire of ATJ Sep 2013 #215

Woow! that is hilarously laughable; how did that end? mazzarro Sep 2013 #218

He had a real hard time with his "Lazy Liberals on Welfare" routine... Spitfire of ATJ Sep 2013 #226

So would Krugman be bad at presidenting since he is not a good administrator? -- n/t mazzarro Sep 2013 #216

I'm sure he would say so muriel_volestrangler Sep 2013 #229

I'd make phone calls or send emails if he was nominated davidpdx Sep 2013 #175

Is it odd that I want to consider... Xyzse Sep 2013 #213

Wow. nt DanTex Sep 2013 #75

ROFL malaise Sep 2013 #77

Fabulous. Perhaps Obama is starting to listen to folks on point Sep 2013 #79

+1 grahamhgreen Sep 2013 #198

I almost want to cry, I'm so relieved. K&R n/t OneGrassRoot Sep 2013 #85

That is exactly how I feel Vanje Sep 2013 #89

Halle-fucking-lujah. NuclearDem Sep 2013 #88

Good riddance to bad rubish. JEB Sep 2013 #92

Well, well Iwillnevergiveup Sep 2013 #95

If it weren't for activists on DU, this would never have happened: they deserve all the credit! alcibiades_mystery Sep 2013 #96

Are you seriously making fun of activism? Vanje Sep 2013 #98

Oh, never that alcibiades_mystery Sep 2013 #105

It's always good to make fun of yourself. Jakes Progress Sep 2013 #106

:D Aerows Sep 2013 #143

That's exactly Caretha Sep 2013 #153

I see political activism is now a point of ridicule. Wow. myrna minx Sep 2013 #214

Kind of progress we are seeing today? Enthusiast Sep 2013 #100

Pop the Champagne! DonCoquixote Sep 2013 #101

Aww. I'm sure he can find another rich white banker for the job. Jakes Progress Sep 2013 #109

YES! Hopefully, the next guy going up for the position isn't a corrupt bankster... backscatter712 Sep 2013 #113

The next "guy" is likely to be a "gal." MADem Sep 2013 #122

WOOT! Jackpine Radical Sep 2013 #114

Yayyyyyyy! Owl Sep 2013 #116

I think this is all down to Elizabeth Warren. She vowed to raise hell. MADem Sep 2013 #118

WOOOOOO FREAKIN HOOOOOO!!!!!!!! magical thyme Sep 2013 #131

This is FANTASTIC news! So amazingly great! Safetykitten Sep 2013 #134

This is the thing Ziggy's so scared of...... DeSwiss Sep 2013 #135

cool! heaven05 Sep 2013 #137

So, Larry's leadership "made the kind of progress we are seeing today." Buns_of_Fire Sep 2013 #146

Good. Here's hoping the nominee isn't someone less-known with the same mindset. n/t winter is coming Sep 2013 #149

To quote one of my favorite movies mythology Sep 2013 #151

Awesome ismnotwasm Sep 2013 #154

Stock futures up 20. Benton D Struckcheon Sep 2013 #155

Makes me downright giddy. mmonk Sep 2013 #156

Good news!! rury Sep 2013 #162

There goes a productive week of DUers denouncing the party. JohnnyRingo Sep 2013 #164

I dont think those "things" fixed themselves Vanje Sep 2013 #165

Maybe. JohnnyRingo Sep 2013 #182

Happy K&R What Obama saw in the misogynistic incompitent poseur I'll never know. pam4water Sep 2013 #166

Asian and Australian stock markets are already loving it. roamer65 Sep 2013 #170

OK, FDR Democrats, it's time to celebrate . . . Jack Rabbit Sep 2013 #171

Happy day! Schmuck that he is, noted his reluctance Jefferson23 Sep 2013 #173

I thanked my Senator Merkley on Friday... As we all should for him, Elizabeth Warren & Sherod Brown cascadiance Sep 2013 #174

Good riddance! emsimon33 Sep 2013 #176

. blkmusclmachine Sep 2013 #180

sadly, I don't think the fact that he is so despised has any impact on him. niyad Sep 2013 #181

Great news. Probably not for the reasons Summers states, but great news AllyCat Sep 2013 #194

Yippee! Two wins in one week! You people are too much:)) grahamhgreen Sep 2013 #196

Now go away or we shall taunt you a second time! deutsey Sep 2013 #201

I'd like to join this celebration. myrna minx Sep 2013 #212

Good. K&R nt TBF Sep 2013 #222

But but but... ljm2002 Sep 2013 #230

Best news I've heard so far today. Beacool Sep 2013 #239

Withdraw his name from what? Was he nominated for something? Rex Sep 2013 #240