Day: September 17, 2013

Withdrawal Of Larry Summers For Federal Reserve Leadership A Victory For America!

Ronald Leave a comment

Larry Summers, the former Harvard President, Treasury Secretary for awhile under Bill Clinton, and economic adviser to Barack Obama, has withdrawn his candidacy for Federal Reserve Board Chairman to replace Ben Bernanke.

This is a major victory for America, and for fiscal sanity, and it now seems that Janey Yellen, Vice Chair of the Federal Reserve, will become the most powerful woman in American history, as Barack Obama moves away from what would have been a disastrous choice of Summers.

Summers is very bright and intelligent, no doubt about that, and one can be sure that he tells people of those traits on a regular basis!

Summers is a pompous windbag, who was arrogant as Harvard President, including saying women did not have the right stuff to be in the field of science; showed arrogance in his dealings with students and faculty; and as Treasury Secretary, and later, gave bad advice that helped to cause the Great Recession of 2008 to the present.

What drove Barack Obama to want him is beyond understanding, but thankfully, four members of the Senate Banking Committee, all Democrats, made clear of their dissatisfaction with Summers.

These four courageous Senators are Sherrod Brown of Ohio, Jeff Merkley of Oregon, Elizabeth Warren of Massachusetts, and Jon Tester of Montana, and we all owe a debt of gratitude to them for helping to prevent the nomination of Summers.

The nation will be well served by Janet Yellen as Federal Reserve Board Chairman!

September 17: A Day To Honor And A Day To Mourn!

Ronald 10 Comments

As we wake up on September 17, we mourn the deaths of 12 people in the US Navy Yards in Washington, DC, by a crazed gunman, who loved violent video games and had access to guns despite two incidents in his past, that should have made him ineligible for buying or possessing firearms, another example of the violence and insanity that permeates American society, and endangers all of us, including our President, who has had more death threats and plots against him than any occupant of the Oval Office!

And we awaken to the anniversary of three historic events that stand out, two that we can be proud of, and one which we continue to mourn!

On this day, in 1787, 226 years ago, the Founding Father generation, the true statesmen of our history, signed the Constitution, and we were on our way to the creation of the greatest government ever to walk the face of the earth, with the understanding that compromise had been necessary to achieve progress, something we have lost sight of in these difficult times we are living through.

On this day, in 1978, 35 years ago, President Jimmy Carter finished the accomplishment of bringing together the leaders of Israel and Egypt in the Camp David Accords. These were two nations that had gone to war against each other multiple times, who now engaged in a peace treaty that still endures in these unstable times in the Middle East.

Sadly, this is also the 151st Anniversary of the bloodiest battle in American history, the Battle of Antietam in Maryland in 1862 during the Civil War, which led to the death of almost 4,000 soldiers, and a total of 23,000 casualties in total.

So there is a lot to reflect upon and think about on this historic day, September 17, as we mourn the death of more gun violence victims!