Summers for Treasury

In the Obama Cabinet sweeps, Treasury Secretary is attracting particular attention, given our economic troubles. Harvard economist Brad DeLong rings in with an endorsement of his former boss Larry Summers. “The situation is unclear and confused enough,” DeLong writes, “that we want really smart people serving as intellectual coordinators and traffic cops as the Obama-Biden administration assembles its policies.” Summers not only is such a person, DeLong writes, but will attract others. Summers has provoked some grumbling from the left wing of the Democratic Party, which sees his Clinton-era policies as responsible for the current financial crisis.