Elizabeth Warren May Control Larry Summers's Fate

[n2doc]

Freshman lawmakers rarely influence outcomes in the Senate. Elizabeth Warren may be an exception if President Barack Obama nominates Larry Summers to be the next chairman of the Federal Reserve.

If the freshman senator -- the populist scourge of Wall Street -- supports her former Harvard University colleague, he probably would draw little opposition from Democrats and would likely muster enough Republican votes to win confirmation. If she opposes him, other Democrats may defect, too, and it might be a struggle to win over enough Republicans to get the 60 votes required.

Warren has signed a letter supporting Federal Reserve Vice Chairman Janet Yellen to succeed Ben Bernanke, whose term as chairman expires in January. However, Warren has indicated that she sees Summers as qualified, and people who know them both cautiously predict she would vote for him.

The choice is expected to be between Summers and Yellen. People familiar with Obama's thinking say he is leaning toward Summers.
The Warren-Summers relationship is complicated, as captured by a Boston Globe story a few weeks ago. While he was the president of Harvard, she was a faculty member at the law school. Summers was forced to step down after alienating some of the faculty members and controversial remarks about the achievements of women in science and math.

Warren wasn't one of those calling for his ouster.

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http://www.bloomberg.com/news/2013-08-22/elizabeth-warren-may-control-larry-summers-s-fate.html

[truebluegreen]

1. If it is up to Warren, I am fine with that--

if she is able to pick her preference, and I think she is.

[MelungeonWoman]

2. Are there any other Dems publicly opposed to Summers at this point?

Would she truly be capable of turning the tide, or would she be a lone voice in the wilderness?

[ChangeUp106]

3. Is no one else shocked that she would even consider supporting him?

[Safetykitten]

4. This kabuki of the Summers, so pointless. It's him. What is so hard to understand?

This is all pre-made crap to show that there is a "back and forth"...as if there is any fucking thing like that in this.

It's Summers. It's always been Summers. From DAY ONE it's been Summers.

Can't get that HC correct, but when the President wants a cheif money launder and printer, he's getting it.

[myrna minx]

5. K&R n.t