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In Fed chair race, Obama's loyalty to Summers could be key

He's given speeches like these before. He's got no new proposals to unveil. And the House members who stand in his way aren't worried about pressure from voters who support the president; they are more worried about primary challenges from even more conservative Republicans to their right. Speeches from the president aren't going to change their minds. But that's not what Obama's campaign is about.
More: http://www.latimes.com/news/opinion/commentary/la-oe-mcmanus-obama-on-the-offensive-20130728,7923212,6145001.column

Obama eyes naming Fed pick within months

John F. Kennedy was the nation's eternally youthful dad brimming with ideas for new frontiers, a father figure frozen in memory by murder. Obama, too, has many of the better traits of the nation's former fathers. He cares for the little folk by offering Obamacare the same way FDR looked out for the left with the New Deal. Like Lincoln, Obama seeks to rival his opponents by employing their ideas, and in some cases, the figures themselves, from Hillary Rodham Clinton to Chuck Hagel . And like Kim Kardashian JFK, Obama oozes charisma, or, more to the point, as one of my students put it, JFK had charm but Obama has swag.
More: http://www.latimes.com/news/opinion/commentary/ct-perspec-0728-fatherhood-20130728,0,4529963.story

Think of it as the getaway from the typical getaway. floridastateparks.org/longkey/default.cfm Image credit: floridastateparks.org Grand Canyon National Park via Crazy Jug Point, Arizona You didnt think wed neglect one of the worlds most famous national parks, did you? Nor would we dare lead you astray with one of the busiest parts of the park. With the Colorado River still within view of this cliff-edge site, Crazy Jug is a carside campers refuge from the troops of tourists. Find easy access to the Bill Hall Trail less than a mile from camp, and descend to get a peek at the volcanic Mt.
More: http://www.salon.com/2013/07/28/obama_warns_growing_inequality_is_weakening_america_slams_obstructionist_gop/

Obama's rejection as America's father

There has a been strong reaction to the idea of Larry Summers replacing Ben Bernanke at the fed. Janet Yellen is also a front runner for the role and a favorite of the Street's elite. CNBC's Steve Liesman, Rick Santelli, and Eamon Javers discuss. "While economists are famous for 'on-the-one-hand this, on-the-other-hand-that,' Larry's given the president a lot of definitive advice," said one veteran of the Obama White House. "He has a high comfort level with Larry and a lot of faith in Larry's take." That's not to say that the president is unaware of the rockier moments in Summers' historyhis controversial 2005 comments on women in the sciences, or his sharp-elbowed style of bureaucratic infighting in Washington. But Obama discounts them. "To the extent that Larry comes with baggage, it was pre-NEC baggage," said another former White House insider, referring to Summers' tenure as Obama's chair of the National Economic Council.
More: http://www.cnbc.com/id/100917425

McManus: Obama's defensive offensive

Getty Images Enlarge Image President Obama speaking at Knox College July 24, 2013 in Galesburg, Ill. In an interview http://jewelzlrz.postbit.com/ on July 24, Obama said his nominee for Fed chair should be someone who understands the Feds dual mandate of price stability and keeping the unemployment rate low. Obama this past week began a series of speeches centered on promoting policies designed to help middle-class Americans, and the president linked that goal to the selection of the next Fed chief. What Im looking for is somebody who understands the Fed has a dual mandate, that thats not just lip service; that it is very important to keep inflation in check, to keep our dollar sound, and to ensure stability in the markets, Obama http://nioagfidys.livejournal.com/1840.html said. But the idea is not just to promote those things http://khermcos.tumblr.com/post/55331164035/this-is-a-technique-mainly-used-to-thicken-the in the abstract. The idea is to promote those things in service of the lives of ordinary Americans getting better. Obama also said that the new Fed chief must be able to keep an eye on inflation and the markets and make sure that were not creating new bubbles. Half of Fed sees QE ending late this year /conga/story/misc/fed.html 270721 Speculation about a replacement for Fed Chairman Ben Bernanke has focused on Kim Kardashian former Treasury Secretary Larry Summers and Janet Yellen, the current vice chairman of the Fed.
More: http://www.marketwatch.com/story/obama-eyes-naming-fed-pick-within-months-2013-07-28

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