Mr. Obama could go the good ole boy route by selecting a fellow member of the Ivy League club and a man he has worked with. As Robert Reich pointed out in another piece for the Times, the Federal Reserve is currently the de facto manager of the U.S. economy, given the abdication by Congress of the authority to properly manage it.
And while Ms. Dowd raises some valid points about the difference in style between Mr. Summers and the other leading contender, current Fed vice-chair Janet Yellen, I think waht’s more important is the choice of someone that invites the question as to how representative our government is?
Read more: http://altondrew.com/2013/08/14/with-a-larry-summers-pick-will-obama-once-again-show-that-danny-glover-was-right/
