

SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
To donate by check, phone, or other method, see our More Ways to Give page.


Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.

In just one example, Robert Scheer, columnist and editor of TruthDig, said the choice made him almost "gag" with displeasure, saying that Summers "is in large measure responsible for [the disappearance of the American middle class], and twice now, after top level economic postings in both the Clinton and Obama administrations, he has returned to gorge himself at the Wall Street trough."
Despite the waves of criticism, the president himself doubled down on his support for Summers in a closed-door meeting with House Democrats on Wednesday.
According to the New York Times, citing House Democrats who were in the meeting, Obama responded to "a sharp question" from Rep. Ed Perlmutter of Colorado by saying he thought "Mr. Summers had been maligned in the liberal news media."
The reference by Obama appeared to be about the Huffington Post.
As The Hill reports:
Rep. Brad Sherman (D-Calif.) said after the meeting that Obama told the Democrats that "it's unfair to criticize Summers for the fact that the stimulus bill wasn't even larger, because who amongst us thinks that you could have passed a larger stimulus bill?"
Obama cautioned the lawmakers "not to believe everything you read in The Huffington Post," Sherman added.
"He gave a full-throated defense of Larry Summers and his record in helping to save the economy in the dark days of '09," Rep. Gerry Connolly (D-Va.) said. Obama, he added, "felt that Larry had been badly treated by some on the left and in the press."
Commenting on being mentioned by the president, the Huffington Post itself reported that Obama "ripped" the online news site for making Summers "a progressive whipping boy."
Critics of Summers, however, are not only focused on his troubling relationship with Wall Street, but also cite a history of misogyny and derogatory comments about women that they say should give Obama only more reasons to axe him from consideration.
As the Huffington Post reports, female members of Congress as well as women advocacy groups are pushing for Obama to nominate current vice chairman Janet Yellen to the post, not Summers:
The feminist group Ultraviolet has called on Obama to choose Yellen, saying Summers is "a man known for his offensive and callous opinions on women." The National Organization for Women also endorsed Yellen last week in a statement criticizing Summers' record on bank regulation.
"Janet Yellen was one of the few in the Fed system to sound the alarm on subprime mortgages in 2007, while Lawrence Summers shut down Brooksley Born's effort to crack down on derivatives," said NOW President Terry O'Neill. "It's not hard to connect the dots: lax regulation contributed to the financial meltdown that ushered in the 'Great Recession' -- with devastating impacts on women, who have less savings to fall back on because of an enduring gender wage gap. Lawrence Summers can't be trusted to understand the everyday economic problems women face."
________________________________________
Dear Common Dreams reader, It’s been nearly 30 years since I co-founded Common Dreams with my late wife, Lina Newhouser. We had the radical notion that journalism should serve the public good, not corporate profits. It was clear to us from the outset what it would take to build such a project. No paid advertisements. No corporate sponsors. No millionaire publisher telling us what to think or do. Many people said we wouldn't last a year, but we proved those doubters wrong. Together with a tremendous team of journalists and dedicated staff, we built an independent media outlet free from the constraints of profits and corporate control. Our mission has always been simple: To inform. To inspire. To ignite change for the common good. Building Common Dreams was not easy. Our survival was never guaranteed. When you take on the most powerful forces—Wall Street greed, fossil fuel industry destruction, Big Tech lobbyists, and uber-rich oligarchs who have spent billions upon billions rigging the economy and democracy in their favor—the only bulwark you have is supporters who believe in your work. But here’s the urgent message from me today. It's never been this bad out there. And it's never been this hard to keep us going. At the very moment Common Dreams is most needed, the threats we face are intensifying. We need your support now more than ever. We don't accept corporate advertising and never will. We don't have a paywall because we don't think people should be blocked from critical news based on their ability to pay. Everything we do is funded by the donations of readers like you. When everyone does the little they can afford, we are strong. But if that support retreats or dries up, so do we. Will you donate now to make sure Common Dreams not only survives but thrives? —Craig Brown, Co-founder |

In just one example, Robert Scheer, columnist and editor of TruthDig, said the choice made him almost "gag" with displeasure, saying that Summers "is in large measure responsible for [the disappearance of the American middle class], and twice now, after top level economic postings in both the Clinton and Obama administrations, he has returned to gorge himself at the Wall Street trough."
Despite the waves of criticism, the president himself doubled down on his support for Summers in a closed-door meeting with House Democrats on Wednesday.
According to the New York Times, citing House Democrats who were in the meeting, Obama responded to "a sharp question" from Rep. Ed Perlmutter of Colorado by saying he thought "Mr. Summers had been maligned in the liberal news media."
The reference by Obama appeared to be about the Huffington Post.
As The Hill reports:
Rep. Brad Sherman (D-Calif.) said after the meeting that Obama told the Democrats that "it's unfair to criticize Summers for the fact that the stimulus bill wasn't even larger, because who amongst us thinks that you could have passed a larger stimulus bill?"
Obama cautioned the lawmakers "not to believe everything you read in The Huffington Post," Sherman added.
"He gave a full-throated defense of Larry Summers and his record in helping to save the economy in the dark days of '09," Rep. Gerry Connolly (D-Va.) said. Obama, he added, "felt that Larry had been badly treated by some on the left and in the press."
Commenting on being mentioned by the president, the Huffington Post itself reported that Obama "ripped" the online news site for making Summers "a progressive whipping boy."
Critics of Summers, however, are not only focused on his troubling relationship with Wall Street, but also cite a history of misogyny and derogatory comments about women that they say should give Obama only more reasons to axe him from consideration.
As the Huffington Post reports, female members of Congress as well as women advocacy groups are pushing for Obama to nominate current vice chairman Janet Yellen to the post, not Summers:
The feminist group Ultraviolet has called on Obama to choose Yellen, saying Summers is "a man known for his offensive and callous opinions on women." The National Organization for Women also endorsed Yellen last week in a statement criticizing Summers' record on bank regulation.
"Janet Yellen was one of the few in the Fed system to sound the alarm on subprime mortgages in 2007, while Lawrence Summers shut down Brooksley Born's effort to crack down on derivatives," said NOW President Terry O'Neill. "It's not hard to connect the dots: lax regulation contributed to the financial meltdown that ushered in the 'Great Recession' -- with devastating impacts on women, who have less savings to fall back on because of an enduring gender wage gap. Lawrence Summers can't be trusted to understand the everyday economic problems women face."
________________________________________

In just one example, Robert Scheer, columnist and editor of TruthDig, said the choice made him almost "gag" with displeasure, saying that Summers "is in large measure responsible for [the disappearance of the American middle class], and twice now, after top level economic postings in both the Clinton and Obama administrations, he has returned to gorge himself at the Wall Street trough."
Despite the waves of criticism, the president himself doubled down on his support for Summers in a closed-door meeting with House Democrats on Wednesday.
According to the New York Times, citing House Democrats who were in the meeting, Obama responded to "a sharp question" from Rep. Ed Perlmutter of Colorado by saying he thought "Mr. Summers had been maligned in the liberal news media."
The reference by Obama appeared to be about the Huffington Post.
As The Hill reports:
Rep. Brad Sherman (D-Calif.) said after the meeting that Obama told the Democrats that "it's unfair to criticize Summers for the fact that the stimulus bill wasn't even larger, because who amongst us thinks that you could have passed a larger stimulus bill?"
Obama cautioned the lawmakers "not to believe everything you read in The Huffington Post," Sherman added.
"He gave a full-throated defense of Larry Summers and his record in helping to save the economy in the dark days of '09," Rep. Gerry Connolly (D-Va.) said. Obama, he added, "felt that Larry had been badly treated by some on the left and in the press."
Commenting on being mentioned by the president, the Huffington Post itself reported that Obama "ripped" the online news site for making Summers "a progressive whipping boy."
Critics of Summers, however, are not only focused on his troubling relationship with Wall Street, but also cite a history of misogyny and derogatory comments about women that they say should give Obama only more reasons to axe him from consideration.
As the Huffington Post reports, female members of Congress as well as women advocacy groups are pushing for Obama to nominate current vice chairman Janet Yellen to the post, not Summers:
The feminist group Ultraviolet has called on Obama to choose Yellen, saying Summers is "a man known for his offensive and callous opinions on women." The National Organization for Women also endorsed Yellen last week in a statement criticizing Summers' record on bank regulation.
"Janet Yellen was one of the few in the Fed system to sound the alarm on subprime mortgages in 2007, while Lawrence Summers shut down Brooksley Born's effort to crack down on derivatives," said NOW President Terry O'Neill. "It's not hard to connect the dots: lax regulation contributed to the financial meltdown that ushered in the 'Great Recession' -- with devastating impacts on women, who have less savings to fall back on because of an enduring gender wage gap. Lawrence Summers can't be trusted to understand the everyday economic problems women face."
________________________________________