Momentum against Larry Summers builds in the Senate (Tester says no, 3 more Ds likely no)

[dkf]

The opposition among Democrats to Larry Summers as the next Federal Reserve chairman grew on Friday when Sen. Jon Tester announced he would vote against the former Obama economic adviser if he is nominated for the post.

President Barack Obama has yet to announce whom he will nominate to replace Fed Chairman Ben Bernanke, whose term ends Jan. 31, but Summers’ opponents are doing their best to be heard.

Tester (D-Mont.) opposes Summers because of concerns about the role he played in easing financial regulations during the Clinton administration, when he served as Treasury secretary, according to his office.


Senate aides expect as many as three other Democrats on the Banking Committee to oppose Summers — Sens. Jeff Merkley (D-Ore.), Sherrod Brown (D-Ohio) and Elizabeth Warren (D-Mass.) — although they have not publicly declared how they will vote.


The Banking Committee has 12 Democrats and 10 Republicans, which means that for the panel to report Summers’ nomination favorably to the full Senate, a Republican “yes” vote would be needed for every Democrat who votes “no.”


http://www.politico.com/story/2013/09/peter-king-2016-message-rand-paul-barack-obama-dangerous-96742.html?ml=tb

[gopiscrap]

1. Good, let's hope he doesn't get in

I don't see what Obama sees in him

[KoKo]

2. Oh we can DREAM! Hopefully...Fingers Crossed.... n/t

[LuvNewcastle]

3. Great news! Let's hope this is the beginning of a wave of opposition.

[MotherPetrie]

4. K&R

[polichick]

5. Good on them!

[ozone_man]

6. Why can't Obama make the right decisions to begin with?

That is not a leadership quality. How about appointing someone more like Paul Volcker or Elizabeth Warren? Someone who will stand up to Wall Street, and work toward reinstating Glass-Steagall regulations.