Sometimes I really wonder. I really do.
Like, for example, here’s a question for you. What is the only area of American life where people are routinely awarded for failure?
Think about it. What do you think?
Why do you generally get less of a sentence for attempted murder? I mean, your intent was exactly the same as if you had committed murder. It’s just that you screwed it up.
Of course, I thought that was the only time we rewarded failure in this society, until I started really covering politics as a reporter.
Which brings me Larry Summers.
Everybody in Washington is talking today about the possibility that Summers will be appointed Federal Reserve Chairman by President Obama. And many also are discussing the economy’s distressing 1.7 percent percent second quarter economic growth rate, which is only a bit less distressing than the 1.1 percent first quarter growth rate. AND NOBODY IS LAUGHING OUT LOUD?
No, not about the economic growth rate, but about the fact that Larry Summers was President Obama’s chief economic aide for nearly two years, and the economy IS STILL SPINNING AROUND IN THE TOILET, and now he’s up for Fed chairman. Why is he being considered for a giant promotion?
The White House of course routinely says Obama and his trusty Larry Summers may not have solved every problem, but they prevented things from being worse after the financial collapse. Which is a little like saying, I’m sorry my dog pooped on your lawn, but at least he didn’t poop in your house.
I mean – apologies, new metaphor – even if you claim you saved the corporation, at some point stockholders want a return on their investment or you’re out anyway, right?
Larry Summers has a proven record of failure. Which in the nation’s capital really doesn’t present much of a problem. Because, I mean, in Washington, it’s all other people’s money anyway.