"I'm starting to get the sense that Larry Summers is to economic policy in the Obama Administration what Dick Cheney was to national security policy in the Bush Administration."
Starting? Faithful readers of "Economists for Firing Larry Summers" have known this for literally weeks now... The thing is that Dick Cheney's tentacles did not just go into national security policy, they just as potently influenced everything else. Remember Harriet Miers please? Nevertheless, it is heartening to finally see some main bloggers start to come to grips with the Summersization of the Obama administration, and what it means. So far the whole issue has been nearly ignored, and Summers has gotten a free pass. We need him to be ensnarled in the teeth that is the liberal blogosphere...
Here's part of the article tpm cites:
Paul Volcker has grown increasingly frustrated over delays in setting up the economic advisory group President Barack Obama picked the former Federal Reserve chairman to lead, people familiar with the matter said.
Volcker, 81, blames Obama’s National Economic Council Director Lawrence Summers for slowing down the effort to organize the panel of outside advisers, the people said. Summers isn’t regularly inviting Volcker to White House meetings and hasn’t shown interest in collaborating on policy or sharing potential solutions to the economic crisis, they said.
This is pretty much par for the course for Larry Summers...