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Robert Scheer writes: "Obama gained credibility through sacking Gen. Stanley McChrystal for making untoward remarks. Why not sack Summers and Geithner for untoward policies that have inflicted such misery on the general public?"

President Barack Obama talks with staff aboard Marine One, 08/09/10. (photo: Pete Souza/White House)

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-2 # Guest 2010-08-26 09:12

Valuable reference

+1 # Guest 2010-08-26 11:01

I have no use for either Geithner or Summers, but when John Boehner makes this same demand, I start worrying over where Robert Reich really comes from.

+2 # Guest 2010-08-26 11:05

OOPS! Wrong Robert. Scheer is being consistent with his past opinions. Mea culpa -- sometimes speed reading is too speedy!

+3 # Guest 2010-08-26 14:30

Agree that Geithner and Summers are puppets of big money. However they are merely the messengers, and were chosen because of that fact. The problem lies in Rahm Emanuel, who has been instrumental in formulating Obama’s policies. It’s hard to tell whether Emanuel has no spine, or whether he also is purely a puppet of big money. In either case, Obama claims that he has a different agenda than Emanuel.

I think that Obama chose Emanuel because that he thought he was a good negotiator, but it’s easy to gain “consensus” if you have no opinion. Obama/Emanuel have started their discussions from that position of no opinion. In my heart, I am hopeful that Obama has an opinion, and that he just made a horrible mistake in hiring Emanuel.

+3 # Guest 2010-08-26 11:05

Maybe it is time to foreclose on the White House and give the President, and then force him to go through HAMP, which, we are not told, has helped ailing banks and hurt homeowners who have gone through it. This would be a necessary dose of reality.

+21 # Guest 2010-08-26 11:22

I suggest that Treasury Secretary Geithner be "sacked" and replaced by Elizabeth Warren!

+14 # Guest 2010-08-26 11:46

Yes, I agree entirely. Sack Summers, Geithner, Bernanke, and all the others with close ties to Wall Street. This is like the fox guarding the chicken house. We all knew that from the start. I guess Obama is just paying back Goldman Sachs for its campaign contributions -- but here's an idea -- don't pay them back. Stiff Goldman Sachs. They'd stiff you if the opportunity came up.

+7 # Guest 2010-08-26 14:21

President Obama,
You are going to be a one-term president anyway. So you don't need those campaign contributions from Goldman Sachs after all. So go ahead, consider yourself a lame duck and start doing the right thing.

+7 # Guest 2010-08-26 11:46

Yes, this all sounds reasonable, but where do you stop? It wasn't just the banks. Government policies also encouraged people to buy houses and take out mortgages they couldn't afford. Two wrongs (bailing out the banks AND the homeowners) doesn't make a right, though it would seem more fair. In other words, we shouldn't have bailed out the banks, but now that we did, the government probably should force the banks to reduce reduce or stop foreclosures.

+6 # Guest 2010-08-26 12:08

We can replace Geithner and any and all of the White house financial team. BUT the fact remains it's not them that is the problem it's the SYSTEM we are forced to play. If Markets are to be free so should our choice of currencies. The fed rules over all of us and most of the world. Money is what need competition. The System is broken and was from the start.

+13 # Guest 2010-08-26 12:20

Robert Scheer's report is absolutely correct: both Geithner & Summers must go for any kind of economic improvement. There are four millions families suffering foreclosures and no one in the administration seems to have noticed the fact. Obama must make another wise decision, find responsible replacements and rid the country of Geithner & Summers & the sooner the better.

+2 # Guest 2010-08-26 17:58

Geithener & Summers must go, but Obama will never fire them because he is too busy appeasing the rich white man. That is what he has done all his life and he is afraid of looking like a mad black man.

+2 # Guest 2010-08-26 19:51

For more information on the program to "help" people with mortgages that are going into foreclosure, see the following article. It's very interesting and gives more reason why Geithner and Summers need to go yesterday or the day before.

http://www.alternet.org/story/147955/

+1 # Guest 2010-08-26 20:40

Obama is in the grips of the Neo Con agenda that will leave us on an economic ash heap since it is dependent on our falling revenues. If the Republicans gain majority rule we will flatline as a nation. His is a good man who may have made a deal with the devil - I don't believe he didn't know what the deal was.

+3 # Guest 2010-08-27 05:28

Fire Wall Street! Whatever happened to "We, the People"?

+2 # Guest 2010-08-27 05:47

Scheer's article should be required reading for all American citizens over age 15. But at least half of us scarcely seem to be able to read or think. That the party which largely engineered the trillion dollar derivatives swindle, the party of "no," may soon regain control of Congress is a nightmare. Watch how fast a GOP Congress goes after Social Security with "privatization." It's the only thing left to steal in a ransacked nation.

+2 # Guest 2010-08-27 09:00

Obama represents Wall Street, the Pentagon, ect. No play ball, no presidency.

0 # Guest 2010-08-28 06:10

We should be applauding Geithner, Summers, Bernanke and team for saving us from the greatest economic disaster since the Great Depression. To our good fortune, we were saved from Depression era unemployment and homelessness. They convinced Paulson and GWB to step aside, abandon to voodoo Chicago School economics in favor of a strong central government Keynesian solution. That's why Obama kept them on and why we still need them. The work isn't done.

0 # Guest 2010-08-29 18:31

They (Geithner, Summers, Bernanke, etc) didn't save us from the greatest economic disaster since the GD. We are in it. This IS the worst economic situation since the GD. If you mean it could have been worse, yes, I suppose that's true, but the people who caused it (one of the architects was Summers) have not been touched by it at all. And NO!, they did not convince GWB to denounce voodoo economics and go with a Keynesian infusion of dough, it was his kneejerk reaction. When it comes to bailing out the rich, government is not the problem, it's the solution! These people advocated for laissez faire, free market policies, which made and continue to make huge profits for a few at the top. When their conduct put them (and us, and the rest of the world) in the tank they asked taxpayers to take their loss so they could continue their sumptuous life styles. This is socialism for the rich, capitalism for the poor. No, I don't think we need them. I'd rather have Krugman and Stiglitz in there.

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