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Tell President Obama that Larry Summers Is Unfit to be Head of the Federal Reserve

Tell President Obama that Larry Summers Is Unfit to be Head of the Federal Reserve

Rumors are circulating that President Obama is planning to appoint Larry Summers to replace Ben Bernanke as head of the Federal Reserve. This would be a terrible mistake. As William Greider writes, by appointing Summers, the President would be "rewarding the same guys who got things disastrously wrong for the country—the Clinton-Rubin policy makers who danced to Wall Street’s tune of financial deregulation and collaborated with the Greenspan Fed and Wall Street to gut prudential regulation like the Glass-Steagall Act." In other words, the President would be rewarding the same guys who wrecked our economy.

Janet Yellen, the vice chair of the Federal Reserve Board in Washington and the other rumored frontrunner, would be a much better choice. She's a strong voice for job creation and assertions that she lacks the "toughness" or "gravitas" for the job reveal more about the sexism of her critics than they do about the deeply experienced economist. 

If our economy is ever going to truly recover, we must move forward, not back. Join The Nation in imploring President Obama not to appoint Larry Summers head of the Federal Reserve. 

Larry Summers
Larry Summers watches as President Barack Obama and Vice President Joe Biden speak in the East Room of the White House on January 30, 2009. (REUTERS/Jason Reed)

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1-25 of 6506 signatures
Number Date Name Location
6506 10 months ago Bob Segal Tucson, AZ
6505 10 months ago Carol Kelly-thomas Berkeley, CA Please head Robert Reichs advise.
Do not allow Summers to use you and your efforts to stabilize tha bankig system
6504 11 months ago Alan Kilmartin Sherman Oaks, CA Please appoint Janet Yellin to this position. She would much better represent the majority of the country - the dwindling middle class.

Sincerely

Alan Kilmartin
6503 11 months ago Sigmund Finman Canonsburg, PA His appointment means you inherit the suffering this would cause. It's your inevitable karma.
6502 11 months ago Deb Meeker Newfield, NY While it was just reported that Summers withdrew his name, it would still have been the only thing to do. NO to larry Summers! Please nominate Janet Yellen. The perfect choice.
6501 11 months ago Kevin Erickson Northglenn, CO Do not choose Summers, he is partially responsible for the collapse of the economy. He supported the deregulation that led to this disaster. Choose Janet Yellen, she saw this disaster coming and has...
6500 11 months ago Dan Rostan Nyack, NY OMG not Summers!!! Anything but him!
6499 11 months ago Anonymous flushing, MI I implore you, respectfully, Mr. President, to appoint Janet Yellen to head the Federal Reserve and NOT Larry Summers, who has revealed himself to be maniacally egotistical, dismissive and deeply mi...
6498 11 months ago James Meredith AR
6497 11 months ago Anonymous Seattle, WA To appoint Summers is a complete betrayal of all the promises made to help working Americans and indicative of the endemic corruption in Washington and alliance with big money interests operating a ...
6496 11 months ago Anonymous
6495 11 months ago Nancy Williamson Greenbank, WA
6494 11 months ago Winnie Shy Walnut Creek, CA
6493 11 months ago Robert Uhlenhake I support Janet Yellen as the best qualified candidate to head our Federal Reserve. She knows the job from her years of experience in this institution, and she understands the second main purpose o...
6492 11 months ago Anonymous No to the man who led the dismantling of Glass-Steagall and opposed the regulation of derivatives!
6491 11 months ago John Medina Denver, CO
6490 11 months ago Anonymous MB, FL Dear President Obama,

I support Janet Yellen as Head of our Federal Reserve. For our Country and our sons and daughter's daughters and sons. She is the best choice.
6489 11 months ago William Duff Hendersonville, NC He made fools of the public once, but never again. Reject this candidate & get someone that support the average person & not Wall Street & the Banksters!
6488 11 months ago Sarah Quinn Fairfield, IA
6487 11 months ago michael dan los angeles, CA do not appoint summers; he is anti people, anti consumer and helped destroy the safeguards of glass-steagll....support the little guy and nominate janet yellen
6486 11 months ago Karen Milliken Elizabeth, CO
6485 11 months ago Cindy Nelson YELLEN for Yellen!
6484 11 months ago Rodger Larson New York, NY
6483 11 months ago Anonymous Mr. President- Sheila Bair, Janet Yellen, Brooksley Borne . . .
6482 11 months ago Howard Richardson Halifax, MA
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