For Immediate Release
Adam Russell, (202) 222-0722, email@example.com
Statement on Larry Summers' Withdrawal from Fed Consideration
WASHINGTON - Below is a statement from Friends of the Earth President Erich Pica on the Larry Summers' withdrawal from consideration for chair of the Federal Reserve.
"Larry Summers' withdrawal from consideration for the chair of the Federal Reserve is a victory for working families, the environment, women and those who suffered from the deregulatory zeal that Summers brought to his positions advising Presidents Obama and Clinton.
"However, Summers' withdrawal is not enough.
"It's time to reject the continuance of policies that Summers championed beginning with trade deals like the Transpacific Partnership and the Transatlantic Trade and Investment Partnership. These secretly-negotiated deals would impose enforceable rules based on Summers' philosophy of catering to Wall Street, undermining the bargaining power of workers, restricting environmental and public interest regulations, and generally putting profits over people and the planet. President Obama must understand that the public rejection of Larry Summers as Federal Reserve chair is also a rejection of the economic policies that he championed -- including trade deals written to the specifications of international financiers and corporate CEOs."
FRIENDS: Now More Than Ever
Independent journalism has become the last firewall against government and corporate lies. Yet, with frightening regularity, independent media sources are losing funding, closing down or being blacked out by Google and Facebook. Never before has independent media been more endangered. If you believe in Common Dreams, if you believe in people-powered independent media, please support us now and help us fight—with truths—against the lies that would smother our democracy. Please help keep Common Dreams alive and growing. Thank you. -- Craig Brown, Co-founder
Friends of the Earth is the U.S. voice of the world's largest grassroots environmental network, with member groups in 77 countries. Since 1969, Friends of the Earth has fought to create a more healthy, just world.