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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26-50 of 6506 signatures
Number Date Name Location
6481 11 months ago Anonymous Asheville, NC Janet Yellen, Mr President.
6480 11 months ago Isabel Melendez Clarksburg, MD It is time to make a change!!!!!
6479 11 months ago Anonymous
6478 11 months ago Barry Barkan NY Why not avoid "havin' a lotta 'splainin' to do" - by showing how much we've learned - and appoint Brooksley Borne?
6477 11 months ago David Pinckard Martinez, CA
6476 11 months ago Anonymous CA
6475 11 months ago Anonymous CA Dear President Obama,
Please appoint someone who cares about Main St., not Wall St.

Thank you.
6474 11 months ago eddie krall los angeles, CA
6473 11 months ago Terry Thomas TX Why don't we address the real problem? We need a Public Banking System. The Federal Reserve Act of 1913 should be reversed. Crooks like Larry Summers would be employees of the public if appointed as...
6472 11 months ago Joyce Pomeroy Schwartz New York, NY I am a careful consistent reader of several newspapers and news magazines, daily. Larry Summers is absolutely not the right person for President Obama, whom I voted for twice, to annoint as Federal...
6471 11 months ago Anonymous Paso Robles, CA
6470 11 months ago joanne feaster mesa, AZ
6469 11 months ago Alice Thomas Sacramento, CA
6468 11 months ago Anonymous Washington, PA
6467 11 months ago Bruce Wade Shoreline, WA I've had enough of people who failed at their jobs being promoted.
6466 11 months ago Lynn Lee Santa Fe, NM
6465 11 months ago John Long Houston, TX
6464 11 months ago Jerry Levy Pompano Beach, FL
6463 11 months ago Alan Rudan Greenbelt, MD
6462 11 months ago Richard Ramspacher jupiter, FL This ,guy has shown how dumb he can be. Don't do it for all our good.
6461 11 months ago Dwight Johnson Orinda, CA
6460 11 months ago John Evans Malibu, CA
6459 11 months ago Anonymous New York, NY
6458 11 months ago Randal Cruikshanks San Luis Obispo, CA
6457 11 months ago Ray armstrong Tallahassee, FL
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