Larry Summers

While media gush and fawn over the Occupy Wall Street protests wondering how President Obama can take advantage of the sentiments being expressed, they're conveniently ignoring a crucial detail. As MSNBC's Joe Scarborough said on Tuesday's Morning Joe, "He got more money from Wall Street than any candidate in the history of U.S. politics" (video follows with transcript and commentary):

They're back, they have their media water-carriers in place, and the Obama administration is smack dab in the middle of it. The United Nations is pushing for countries in the developed world to keep their "promise" to, in the worlds of Charles J. Hanley at the Associated Press,  "raise up to $100 billion a year in new money for poorer countries to cope with climate change and reduce their…

After nearly two years in office, the "first rate" economic team that President Obama assembled to turn things around - Peter Orszag, Christina Romer, Larry Summers and Timothy Giethner - has itself nearly turned over. His E-team of "brainy" economists, as ABC's Claire Shipman called one of them, went to work even before Obama took office, ultimately crafting a massive stimulus plan…

Fed Chairman Ben Bernanke's first full day as the only person in the whole wide world with any kind of influence over what happens in the economy didn't go too badly. That's the impression one might get from consuming two Friday Associated dispatches and a related AP Video. Bernanke apparently took full charge of anything and everything having to do with the economy on Thursday evening. As…

President Obama continuously tries to portray himself as a friend to the little-man, middle class and small business. Hence his attacks on "fat cats" who "just don't get it," while labeling the extravagant bonuses as "obscene," and "the height of irresponsibility." Meanwhile, members of his administration, in defending a sweeping small-business aid program Obama announced in his State of the…

According to Don Imus, it's the late-1970s all over again, and not in a good way.  Imus appeared on the Fox News Channel's Nov. 24 "Hannity" program and had some disparaging words for the current administration's economic policy. He told viewers that Obama's associations with Jeremiah Wright and Bill Ayers weren't the problem (h/t Erick Erickson at RedState.com). "You had me convinced - yes…

As President Obama's approval rating dips below 50 percent, his devoted followers in the media also appear to be losing that loving feeling.Over the weekend it was Chris "Tingles Up My Leg" Matthews calling the former object of his affection "Carteresque."On Tuesday it was Arianna Huffington -- who has spent the entire year pushing for government-run healthcare as well as cap and trade! -- asking…

Business and Media Institute's Dan Gainor appeared on Fox Business News "Money for Breakfast" March 17 to discuss the Obama economic team's performance in the administration's first 50 days. Gainor dubbed Treasury Secretary Tim Geithner "the worst" because "when he came out and talked about the housing plan that he didn't have, the markets tanked." Ben Bernanke, Federal Reserve Chairman…

Imagine for a moment John McCain was President, and few of the people on the task force he created to repair the crumbling auto industry owned American cars. Would that be a public relations nightmare?Well, an article published Monday by the Detroit News revealed that most of Barack Obama's newly announced Presidential Task Force on the Auto Industry don't patronize the companies they've been…

During the presidential campaign, we constantly heard from Team Obama and the media (excuse the redundancy) was how Republican-inspired deregulation had let evil bankers and capitalists run roughshod over the economy and created the current credit mess.Well, a lot of the deregulation was GOP-inspired, but that isn't what caused the situation that I like to refer to as The Great SUCKUP (The…

When Larry Summers suggested in early 2005 that, as paraphrased by Slate's William Saletan, "innate differences between the sexes might help explain why relatively few women become professional scientists or engineers," the outcry was immediate, furious, and went to saturation level virtually overnight. The controversy ultimately led to his resignation a year later as Harvard President. On…