SalemNews.com, Salem, MA

Opinion

August 9, 2013

Column: Smoke and mirrors

(Continued)

After it was obvious that Obama wasn’t going to bring any criminal prosecutions against the perps of the Great Recession, while still in Obama’s employ, Summers aggregated a total of $3.7 million from speaking engagements with Citigroup, Goldman Sachs, et al. (He is currently a consultant for Citigroup and plays golf with Obama.)

Obama has identified Yellen and Summers as the front-runners for his selection of the new Federal Reserve Chairman. Janet Yellen is eminently qualified and would be the first woman to lead the Federal Reserve. She also sends shivers down the spines of the financial elite. Summers, on the other hand, is a flunky for big-money interests, whose style has been described as “bluff precision.” We can’t afford a financial leader who has only a 20 percent success rate, whose main qualifications are his ego and his access to the financial power elite. On top of all that, he’s a sexist!

We need a 21st century solution, not a 19th century snake-oil salesman. We need somebody to work for the greater good, not just for their own good.

Janet Yellen may be only boring but effective, but based on her performance, she is the clear choice.

---

Joseph F. Doyle is a freelance writer based in Salem.

Text Only | Photo Reprints
Opinion

AP Video
The Carbon Trap: US Exports Global Warming UN Security Council Calls for Gaza Cease-fire Traditional African Dishes Teach Healthy Eating 13 Struck by Lightning on Calif. Beach Baseball Hall of Famers Inducted Israel, Hamas Trade Fire Despite Truce in Gaza Italy's Nibali Set to Win First Tour De France Raw: Shipwrecked Concordia Completes Last Voyage Raw: Sea Turtle Hatchlings Emerge From Nest Raw: Massive Dust Storm Covers Phoenix 12-hour Cease-fire in Gaza Fighting Begins Raw: Bolivian Dancers Attempt to Break Record Raw: Israel, Palestine Supporters Rally in US Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow Raw: Deadly Tornado Hits Virginia Campground Ohio State Marching Band Chief Fired After Probe
Comments Tracker
Roll Call
Helium debate
Helium