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Back to School: Larry Summers Gets No Respect
Posted By M. Catharine Evans On September 22, 2010 @ 5:00 pm In NewsReal Blog | No Comments
The president’s playhouse at 1600 Pennsylvania Avenue must be a fun place with officials coming and going at all hours of the day and night.
The latest to follow green jobs czar communist, Van Jones, General Stanley McChrystal, Chairwoman of Economic Advisors, Christine Romer, Director of the Office of Management and Budget, Peter Orszag, social secretary Desiree Rogers and White House communications director Anita Dunn, is the director of the National Economic Council, Larry Summers.
Interestingly, Summers has been a target of the Left for many years. Larry latches on to whoever is in power. In the 80′s he was Ronald Reagan’s top analyst on the council of economic advisors. He switched to the Dukakis camp in 1988 as his chief economic adviser. That didn’t work out so well and Summers, being the consummate opportunist, flew to Lithuania.
The Nation published a hit piece on Summers in November, 2008 right after the election intending to deter President Obama from naming him Treasury Secretary. The progressives didn’t like his track record in the former communist country:
In 1990, Lithuania, a restive Soviet republic seeking independence, hired Summers to advise on that country’s economic transformation. Poor Lithuania had no idea what it got itself into. This was Summers’s first opportunity to tackle a country in economic crisis and put his wunderkind theories into practice. The results were literally suicidal: in 1990, when Summers first arrived, Lithuania’s suicide rate was 26.1 per 100,000 and falling. Just five years after Summers got his hands on Lithuania’s economy, life became so unbearable under the economic transition that the suicide rate nearly doubled to 45.6 per 100,000, worse than any other ex-Soviet republic in transition. In fact, it was the highest suicide rate in the world, suggesting something particularly harsh and brutal about the economic transition in that country as opposed to the others, where suffering and pain were common.
Things got so bad that in 1992, after just two years of Summers-nomics, the traumatized Lithuanians voted the communist party back into power, the first East European nation to do so–even though just a year earlier Lithuanians actually died on the streets fighting communism.
In lieu of the so-called liberals’ disdain for Summers, his appointment by Obama ranks right up there with a ‘riddle, wrapped in a mystery inside an enigma.’ Ann Kane in a November 2009 commentary for American Thinker weighed in on the Summers ‘conumdrum.’ Earlier in March 2009, Arianna Huffington chronicled a “clash” between Geithner, Summers and Axelrod on her blog . Kane offered a prescient opinion of the method behind the playhouse madness:
The long-predicted ever increasing loss of jobs, and non-creation of new ones has pushed the bailout paradigm of last year over the cliff. Now that Americans are used to the president’s agenda, Geithner and Summers need to be ushered out and real socialism ushered in.
She may be right. Look who’s left once Summers heads back to Harvard: Valerie Jarrett, David Axelrod, Cass Sunstein, Donald Berwick, Kathleen Sebelius, John Holdren and Kevin Jennings. This den of socialist thieves makes Obama’s White House one surreal, scary place.
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