FacebookTwitterGoogle+RedditEmail

Running for the Exits

by LAURA FLANDERS

The Internet was all a-Twitter when news broke that Larry Summers, director of the National Economic Council, will step down by the end of the year.

Summers — ring a bell? Maybe you remember his comments as president of Harvard that gender skewed admissions numbers might be explained by female frailty in the area of math and science. Or perhaps you remember his role, chasing away Brooksley Born, chair of the Commodities Futures Trading Commission (CTFC) in order to push through Clinton’s deregulations—you know, the ones that helped lead to the current crash.

Mary Bottari over at Banksters already found an upside for Summers: “Just think of the reception he will receive when he returns to Wall Street! Never have so many financiers been made so rich because of the actions of one man.”

Sure enough, in addition to returning to his well-paid position at Harvard, Summers will no doubt return to his lucrative career as a public speaker—he took in $2.7 million in speaking fees the year before joining the administration. Or to his hedge fund where he earned $5.2 million a year for a one-day-a-week job before heading to Washington.

Two other top Obama economic advisers already left—Peter Orzsag and Christina Romer—and Time is now reporting that Rahm Emanuel may be on his way out as well. Are they—pardon the expression—rats leaving a sinking ship? Or is their dread work simply done?

Some hope that the Administration is turning in a new direction, toward a second tier of advisers who might be more progressive…

Don’t bet on it. The Washington Post reports that the White House is considering trying to “blunt criticism” that they have been “anti-business.”

The Devil we know certainly has friends.

Time for other voices to be raised, loud, fast.

Laura Flanders is the host of GRITtv now seen on the new, news channel TeleSUR English – for a new perspective. 

More articles by:

CounterPunch Magazine

minimag-edit

bernie-the-sandernistas-cover-344x550

zen economics

Weekend Edition
March 24, 2017
Friday - Sunday
Michael Hudson
Trump is Obama’s Legacy: Will this Break up the Democratic Party?
Eric Draitser
Donald Trump and the Triumph of White Identity Politics
Jeffrey St. Clair
Roaming Charges: Nothing Was Delivered
Andrew Levine
Ryan’s Choice
Joshua Frank
Global Coal in Freefall, Tar Sands Development Drying Up (Bad News for Keystone XL)
Anthony DiMaggio
Ditching the “Deep State”: The Rise of a New Conspiracy Theory in American Politics
Rob Urie
Boris and Natasha Visit Fantasy Island
John Wight
London and the Dreary Ritual of Terrorist Attacks
Paul Buhle
The CIA and the Intellectuals…Again
David Rosen
Why Did Trump Target Transgender Youth?
Vijay Prashad
Inventing Enemies
Ben Debney
Outrage From the Imperial Playbook
M. Shadee Malaklou
An Open Letter to Duke University’s Class of 2007, About Your Open Letter to Stephen Miller
Michael J. Sainato
Bernie Sanders’ Economic Advisor Shreds Trumponomics
Lawrence Davidson
Moral Failure at the UN
Pete Dolack
World Bank Declares Itself Above the Law
Nicola Perugini - Neve Gordon
Israel’s Human Rights Spies
Patrick Cockburn
From Paris to London: Another City, Another Attack
Ralph Nader
Reason and Justice Address Realities
Ramzy Baroud
‘Decolonizing the Mind’: Using Hollywood Celebrities to Validate Islam
Colin Todhunter
Monsanto in India: The Sacred and the Profane
Louisa Willcox
Grizzlies Under the Endangered Species Act: How Have They Fared?
Norman Pollack
Militarization of American Fascism: Trump the Usurper
Pepe Escobar
North Korea: The Real Serious Options on the Table
Brian Cloughley
“These Things Are Done”: Eavesdropping on Trump
Sheldon Richman
You Can’t Blame Trump’s Military Budget on NATO
Carol Wolman
Trump vs the People: a Psychiatrist’s Analysis
Stanley L. Cohen
The White House . . . Denial and Cover-ups
Kollibri terre Sonnenblume
Marines to Kill Desert Tortoises
Farhang Jahanpour
America’s Woes, Europe’s Responsibilities
Joseph Natoli
March Madness Outside the Basketball Court
Bill Willers
Volunteerism; Charisma; the Ivy League Stranglehold: a Very Brief Trilogy
Bruce Mastron
Slaughtered Arabs Don’t Count
Ayesha Khan
The Headscarf is Not an Islamic Compulsion
Pauline Murphy
Unburied Truth: Exposing the Church’s Iron Chains on Ireland
Ron Jacobs
Music is Love, Music is Politics
Christopher Brauchli
Prisoners as Captive Customers
Robert Koehler
The Mosque That Disappeared
Franklin Lamb
Update from Madaya
Dan Bacher
Federal Scientists Find Delta Tunnels Plan Will Devastate Salmon
Barbara Nimri Aziz
The Gig Economy: Which Side Are You On?
Louis Proyect
What Caused the Holodomor?
Max Mastellone
Seeking Left Unity Through a Definition of Progressivism
Charles R. Larson
Review: David Bellos’s “Novel of the Century: the Extraordinary Adventure of Les Misérables”
David Yearsley
Ear of Darkness: the Soundtracks of Steve Bannon’s Films
FacebookTwitterGoogle+RedditEmail