Huzzah! Summers ain't gonna be HedFed!
Earlier this year, “BO” 'accidentally' let it slip that Bernanke did not wish for another term as HedFed. One suspects that Barry leaned on him, as he wanted his own man in, and that man was Larry Summers. So much so, that Barry was constantly having to defend him.
I think the dam burst when word leaked out that at least 4 Democrats on Senate Banking Committee would vote against him. So, we would barely squeak by in the Senate, and did not have the proverbial snowball's chance in h*ll of being approved by the House.
So, on Sunday, he bowed out of the race.
He was the architect behind Frank-Dodd, Obamacare, and the GM bailout. He is also a “BO” crony: faithful come h*ll or high high water.
So, forgive me for opening a (cheap) bottle of bubbly