Quote from Ghost of Cutten:
Summers is a horrendous choice. You just have to look at the predictions made by Summers vs Yellen in 2007 and 2008 (and beyond) to see that Yellen has a reasonable talent for understanding the real world economy, and Summers is as clueless about the US economy as a sewage plant janitor.
Added to his complete lack of economic forecasting talent, Summers is arrogant (overconfident i.e. 'fragile') and hard to work with. Summers is one of the 4 horsemen of the capitalist apocalypse, who did more than Karl Marx to discredit capitalism (Greenspan, Bush, and Rubin are the other 3 - as I pointed out in early 2008 here, although I unfairly blamed Bernanke more than Rubin, my bad: http://elitetrader.com/vb/showthread.php?s=&postid=1856153&highlight=capitalism#post1856153 )
Therefore, Summers could only be proposed by people too lazy to research even the basics of the candidates, or ideologically biased psychopathic society-rapers, or people who stand to personally benefit by Summers being promoted.
I don't remember where the Job of the Fed President is to predict the future, and if they do what that prediction really is. If he is one of the 4 horsemen, he is probably grey, as black, red and white are known to me. Really you have to have power before you can actually become a horseman.
I don't know anybody who benefits when someone over the other is appointed Fed Chairman.
Doesn't the quote by Yellen make you wary of her? In 2007 and 2008, I believe Yellen was working in the Federal Reserve in a way more significant capacity within the Government than Summers, so, of course, her predictions will be more accurate.
Summers is not Karl Marx (People mentioning Marx usually are socialist or communist because unless you really are one, as the quote from Yellen seems to suggest, posting that tag to Summers is way over the top). To me, Yellen just sounds incompetent, and to you Summers sounds like an ideologically biased psychopathic society raper?
Not to me. Summers may not know it, but his attitudes towards women in science will prevent him from getting the nomination, even if those statements are statistically accurate. It's probably the biological comment and societal structure he tried to allude to to explain that denigration about gender being forefront rather than about his Monetary Philosophies and the attitudes about Fiscal Religion he might not share with Obama but Obama could play to the conservative agenda who respect Summers for his work as the President of Harvard University to play a political decoy that'll earn votes for Dems later in upcoming elections if he were to be nominated by the President.
