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Boehner's Economic Take: At Odds With CBO, Biden and Guru Mark Zandi
By Jill Lawrence - Politics DailyRep. John Boehner, the House Republican leader and speaker-in-waiting, isn't getting much pundit love for his speech on the economy Tuesday at the City Club of Cleveland. The headline was his suggestion that President Obama fire Treasury Secretary Tim Geithner, economic adviser Larry Summers and the rest of his economic team. Conservative blogger Ed Morrissey called that sound counsel. But economist Mark Zandi, who has advised candidates of both parties, including Obama and 2008 GOP nominee John McCain, said Wednesday that would be counter-productive. "Certainly changing leadership doesn't ...
John Boehner Calls on Obama to Fire Entire Economic Team
By Patricia Murphy - Politics DailyHouse Minority Leader John Boehner wants heads to roll over the sorry state of the American economy. And they're Democratic heads. In a speech Tuesday to the City Club of Cleveland, Boehner called on the president to clean house among his economic advisers. "President Obama should ask for, and accept, the resignations of the remaining members of his economic team, starting with Secretary [Timothy] Geithner and Larry Summers, the head of the National Economic Council," Boehner said. In addition to firing the top members of the president's economic team, Boehner used the speech to lay out ...
Harvard Student Stephanie Grace's Racist E-Mail: A Disaster All Around
By Sarah Wildman - Politics DailyTo paraphrase a recent episode of "Glee:" Here's the thing about reputations. It takes a whole life to build one and just a split second to ruin it. It's the first rule of high school, and it's the most dangerous thing about the digital era. Case in point? A woman who, perhaps, deserves a soiled reputation. A woman who will surely suffer for the rest of her life from words she wrote in her early 20s. For the last ten days, legal and gossip blogs have been abuzz with the fall from grace of Stephanie Grace, a third-year law student at Harvard with a dazzling resume, an enviable clerkship ...
Deal on Financial Reform Bill Getting Closer, Senators Say
By Bruce Drake - Politics DailySenators from both parties said Sunday they were getting "close" to bipartisan agreement on a regulatory reform bill aimed at preventing a repeat of the 2008 financial meltdown but expressed uncertainty they could do so in time for a scheduled Monday vote to begin debate on the existing Democratic measure. The Senate Banking Committee had approved the measure last month along a party line vote, but Republicans have vowed to filibuster it unless changes are made. Since the election of Massachusetts Sen. Scott Brown, the Democrats no longer have the 60 votes to block a filibuster Negotiations ...
White House Touts GM Loan Paybacks, Cites Auto Industry 'Turnaround'
By Tom Diemer - Politics DailyThe White House welcomed what it called a "turnaround" in the automobile industry, headlined by word from General Motors Wednesday that it has repaid the U.S. and Canadian governments all of the $6.7 billion in loans the company received during the depths of its struggles last year. Top White House economic adviser Lawrence H. Summers also hailed the announcement from Chrysler that it turned an operating profit in the first quarter of this year, its first gain since the economic crisis began. Eager to highlight the success, Summers credited "politically difficult decisions" made by President ...
More Than Sports: Title IX, Women and Science
By Ria Misra - Politics DailyLadies, start your engines, and your calculators, your computers, your autoclaves and your oscilloscopes. There's work to do. When Linda wrote about what it meant to her to watch Title IX change the field for women's sports and wondered why we couldn't do the same for science, I was reminded of someone else who wondered that: ...
White House Financial Disclosures Paint Scarlet $ on Larry Summers
By Tommy Christopher - Politics DailyThe White House did a Friday left-cheek sneak yesterday, announcing that Executive Branch Financial Disclosure reports are now available through an online ordering process. Making hay out of these reports is the nature of the beast in politics, and by dumping them on a Friday, they blunt the impact of criticisms like this: Lawrence Summers, director of President Barack Obama's National Economic Council, earned millions working at a hedge fund and speaking to banks such as Citigroup Inc. that later received taxpayer bailout money. Hedge fund D.E. Shaw & Co. paid Summers more than $5 million in ...
Post's Ruth Marcus: Larry Summers Was Right, Girls Suck at Science
By Tommy Christopher - Politics DailyI'm paraphrasing, of course. (h/t Murphy) Was Larry Summers right about women and science, after all? As the mother of two girls, I hope not. Summers himself said in his infamous comments about intrinsic differences between the genders, "I would like nothing better than to be proved wrong." But Summers may have been on to something, recent research suggests. Math and science test data...show gender differences at each end of the performance spectrum... men are overrepresented at the very top and bottom. This small but significant variance, he hypothesized, suggested differences in innate ...
Take Summers Off T-Sec Shortlist
By Tommy Christopher - Politics DailyAccording to numerous reports, former Clinton administration Treasury Secretary Larry Summers is on a very shortlist to occupy that same post in the Obama administration. I guess it's a good thing Jimmy The Greek isn't available.This is one of those occasions, rare indeed, where I will not only agree with Darragh Murphy, but turn the dial on said agreement to 11:"So, I think, while I would prefer to believe otherwise, I guess my experience with my two and a half year old twin daughters who were not given dolls and who were given trucks, and found themselves saying to each other, look, daddy ...
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