The next major gaffe...
Larry Summers
That's right... the man of "Change", who was going to go remove the entrenched Washington elite... goes and hires one of the entrenched Washington elite (former chief of the treasury department under Clinton)...
This abrupt diversion from the “Change” message even pissed off many on the left... including Jon Stewart (who lately isn’t as moderate or centrist as he used to be, but still claims to be from time to time)... who took Obama to task for this on his show...
Obama grilled - YouTube
Further exacerbating this issue... It wasn’t just that Larry Summers was the former Clinton Administration member… (In which he got the country to invest in a lot of derivatives… which then became a major compound on the national debt during the dot-com and housing bubble bursts)… but what also occurred in between then and when he got hired…
Larry Summers went on to be president of Harvard University… It didn’t exactly end well… He resigned ahead of being fired, after a vote of no-confidence… It was based off several bad decisions, such as getting into a battle with one of the famous African American professors, off of a major conflict of interest with his dealings in the Russian economy based off inside knowledge he had from a colleague, and off of a scandal that arose when he was asked why there weren’t more women in the fields of engineering and science… His response was that there was a different availability at the higher end… which comes off as rather chauvinistic… and he was roundly criticized for it… as the president of Harvard, who should be out promoting and encouraging women to get into those fields, he made a comment that was rather derogatory…
So why was it Obama, who had issues with women’s groups during the campaign, off his “sweetie” comment and his running against the women’s candidate, Hillary Clinton, then go hire someone who was associated with being fired for derogatory comments about women’s ability to work in the sciences… This hiring will likely come back to hurt him after this supposed “war on women” approach against the Republicans…
It should also be noted that Harvard University lost a SIGNIFICANT amount of their large endowment, which is one of the reasons they’re able to wield their power as the top university, because Larry Summers got Harvard University to invest in a lot of derivatives as well… which collapsed during the housing market bubble burst…
However, it gets even better…
After leaving Harvard University Larry Summers found himself in consultation with one of the prominent proponents of the New World Order, Henry Kissinger, who recommends that he be given a government position…
He takes jobs as a consultant for many large investment companies (mainly Goldman Sachs, Citigroup and Chase, all the banks closely associated with the New World Order movement)…
So, when Obama gets into office (the man whose first job out of college was set up by Henry Kissinger), after running on a message of change, guess who he appoints as head of the National Economic Council… Larry Summers… no change at all… and in fact Larry Summers wants an even larger role, to match his ego… so he keeps chomping at the bit to get Ben Bernanke’s job… However… he is involved with setting the policies which will guide the economic stimulus money… He diverts the money away from infrastructure improvement projects, which would’ve put the layed off construction workers back to work and provide much needed infrastructure improvement in the country… and instead argues for the money to be given to the financial institutions… such as, Goldman Sachs, and Citigroup!!! (seems like yet another conflict of interest)
So how is it Larry Summers, a man who had already been sued by the US Govt for a conflict of interest… and who had been a career academic economist, with no real experience in the private sector, was hired by the Obama Administration to assist in the economic recovery effort? Why was a man who had been working in connection with people in the financial industry just prior to the economic collapse, who still had ties with institutions that could benefit from the economic stimulus money get hired to assist in the economic stimulus framework? Why was a man, who had proven his economic advice had lead to major loss of investment in the Clinton Administration and at Harvard University (likely at these financial industry companies he was working with as well) then given an opportunity to draw up the plans to direct US funds? Was it an inside appointment by Obama to assist in creating the New World Order…? That seems very possible given all the Kissinger, Rubin, CFR ties involved… Also because despite all his Bad advice, president Obama went around praising the work that Larry Summers was doing… The "Heck of a job" comment Obama makes about him on the Daily Show is rather indicative as well...
All up until 2010… Larry Summers stepped down from his position, and went back to teach at Harvard… Why would he leave a high level federal position on the very battleground of the economic recovery to return to teach a course at Harvard… Because, his opposition to the US Government getting involved with spending for nationalized healthcare… So the man Obama had appointed and praised for being a brilliant economist told Obama that getting involved with nationalized healthcare was a stupid idea… and was forced out as a result…
This whole Obama hiring and firing of Larry Summers stinks something bad…
To quote Hillary Clinton, “Shame on you, Obama!”