Lion of the Blogosphere

Larry Summers withdraws

Larry Summer had to withdraw from consideration to be the next chairman of the Federal Reserve, and that’s because three Democrats on the Senate banking committee wouldn’t support him because he made pro-HBD comments in 2005.

So I guess the lesson here is that if you want good jobs, don’t make pro-HBD comments, even if the comments only involve sex and not race.

Written by Lion of the Blogosphere

September 16, 2013 at 6:25 am

Posted in Biology

14 Responses

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  1. I suspect that the pro-HBD comments were for many Harvard academics just a pretext for getting rid of him. He’d proved a dud.

    dearieme

    September 16, 2013 at 7:00 am

  2. Actually Democratic Banking Committee Sen. Jon Tester, at least, opposed Summers for the right reason: A spokeswoman for the lawmaker said, “He’s concerned about Mr. Summers’s history of helping to deregulate financial markets.”

    The roots of the financial meltdown can be traced back to Summers when he was Treasury Secretary under Bill Clinton. Clinton, on advice from Summers, dismantled decades of prudent finance industry regulations enacted after the Great Depression to prevent a recurrence.

    Mark Caplan

    September 16, 2013 at 7:29 am

    • Summers is a DINO.

      Hugh Lygon

      September 16, 2013 at 1:41 pm

  3. It was his efforts throughout the ’90s to deregulate, baliout LTCM, the Asian financial crisis and Russian shenanigans that did him in. Depends on who the new frontrunner is but this could signal a slight change on the left’s side with regards to the banksters.

    SOBL1

    September 16, 2013 at 9:02 am

  4. Sucessful feminist bullying.

    Knoxy

    September 16, 2013 at 9:27 am

  5. surprise surprise, liberals hate free speech.

    moistnugget

    September 16, 2013 at 9:38 am

  6. Why would women want to be in STEM, fields that are saturated with beta Asian guys?

    Larry Summers was right.

    JS

    September 16, 2013 at 9:50 am

    • Did an Asian guy dick your wife or something?

      1010

      September 20, 2013 at 6:20 pm

  7. Vox Day believes the next fed chairman will have to stop qualitative easing and that will lead to a financial collapse. Neither Summers nor Geithner want that on their resume.

    bob sykes

    September 16, 2013 at 11:43 am

  8. The number of available Jews for the most powerful financial position on earth has been reduced by one. Other ethnicities need not apply.

    peterike

    September 16, 2013 at 1:25 pm

  9. It’s “quantitative” easing, and stopping it won’t do a damn thing (except pump up the economy slightly) since the only thing it does is remove interest income from the economy. So relax.

    jimbo

    September 16, 2013 at 3:03 pm

    • Yeah but that’s what the stock market is running off of. It’s not running off of actual economic growth. The market went into a tizzy a few months ago when Bernanke hinted he might taper off the current mortgage buying scheme the Fed is engaged in to the tune of 85 billion a month.

      Obviously that’s going to have to stop, and the market will go wonky, but I don’t think it will make much difference in the real economy.

      Mike

      September 16, 2013 at 3:34 pm

      • Yep, machined balance sheets where zero-interest borrowing is used to buy back stocks and pay dividends. No real investment in anything productive.

        map

        September 16, 2013 at 11:03 pm

  10. It’s like Larry Summers got “Borked!”

    E. Rekshun

    September 16, 2013 at 5:49 pm


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