Lawrence Summers, the Director of the National Economic Council and trusted advisor and friend to President Obama is now a great friend of the working class. It's great that workign folk like us have this man on our side. He tells Business week that President Obama has "insisted" that the rules regarding the bailout monies are "administered without fear or favor and with tremendous transparency so the Ame4rcian people can see where every dollar goes and any kind of favoritism is avoided." Summers was asked this question because so many public officials with access to the levers of power, come from Goldman Sachs, the moneylending firm that received $10 billion in taxpayer money.
Surely we are lucky in the United States to have such honest freedom loving characters in control of our wealth and its distribution. Every American I meet on the streets each and every day knows exactly where the bailout money is going and what it is being used for----let freedom ring.
To top it off, Lawrence, or Larry to his friends, has promised that the $5.2 million hedge fund D.E. Shaw paid him and the $2.7 million in speaking fees he received from Goldman and Citigroup in no way influences his decisions. Not only that, the Office of Government Ethics agrees with him.
Larry's colleague at Harvard, Cornell West, referred to him as "an unprincipled power player" , but heck, should a professor at Harvard be making rap albums? Obama's support of Larry proves he's no racist. And Larry's view that women just don't have what it takes to be scientists, or have the drive to be successful in high powered jobs? Well, he didn't mean it. Did he? Hilary Clinton would't want to be in an administration with someone like that would she?
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