Check any political blog or website, and I guarantee you’ll find a slanted article on Larry Summers. President Obama is said to strongly consider Summers as the next head of the Fed, or the central banking system of the United States. This bank not only sets monetary policy in the United States, it acts as a “lender of last resort” to troubled depositories.
For those unfamiliar with Summers, he is the former Secretary of the Treasury, headed President Obama’s National Economic Council, was a chief economist at the World Bank, former Harvard University president, as well as other biography filling titles.
But the merit of Summers economic intelligence isn’t what’s up for debate. It’s his arrogance, ferocity in deregulating Wall Street, and desire, or lack thereof, to drive down this nation’s high unemployment rate.
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