The Bungled Coronation of Larry Summers

Robert Kuttner writes for The Huffington Post: “What a difference a week makes. A week ago, a carefully orchestrated series of leaks signaled that President Obama was on the verge of naming Larry Summers to succeed Ben Bernanke as chair of the Federal Reserve. Those leaks came from senior administration officials, including Obama himself. Now, a massive backlash from Senate Democrats makes Summers’ appointment something of a long shot.”