Larry Summers Drops Bid for Fed Chair

He never had a chance.

At LAT, "Larry Summers pulls out of running to be Federal Reserve chairman."

And at the Wall Street Journal, "Victory on Summers Emboldens Liberals as New Fights Loom":

WASHINGTON – Chest-thumping by liberals after Lawrence Summers‘s decision to withdraw from consideration as the next chairman of the Federal Reserve could have broad implications, not just on the central bank but also for how Democrats maneuver during looming budget fights.

A number of Democrats and liberals quickly called Mr. Summers’s move a victory for their cause, and they tried to leverage the decision to pressure President Barack Obama to nominate Fed vice chairman Janet Yellen to the post.

“I applaud Larry Summers for withdrawing his name from consideration,” Sen. Bernie Sanders (I., Vt.) said late Sunday. Mr. Sanders is one of Congress’s most liberal members. “The truth is that it was unlikely he would have been confirmed by the Senate.”

Some Democrats could also interpret Mr. Summers’s decision, particularly his prediction that if he were nominated it would be “acrimonious,” as a possible thawing of their recently dormant influence with the White House on economic decisions. Instead of polite reaction to Mr. Summers’s move, liberal critics piled on immediately.

“Summers’ decisions to deregulate Wall Street & do the bidding of corporate America has made the lives of millions of Americans acrimonious,” tweeted Adam Green, co-founder of the Progressive Change Campaign Committee, a group that pushes for liberal causes and candidates.

Mr. Green’s characterization of Mr. Summers is popular among liberals, but one that Mr. Summers’s allies say is distorted and unfair.

The White House clearly didn’t appreciate the rebellion against Mr. Summers. Rather, senior members were annoyed at public attacks on someone who hadn’t even been nominated. But the result illustrated how quickly – and effectively – progressive groups can mobilize on particular issues even when they had appeared to lose clout on Capitol Hill.

The larger question is where things go from here...

Where do we go from here? Farther left, of course. These aren't "liberals" who quashed Summers' nomination. They're socialists. Bernie Sanders is a socialist who caucuses with the Democrats, and these so-called progressive organizations --- like the Progressive Change Campaign Committee --- are basically front-groups for far-left movements influenced by Marxist and "social justice" ideologies. They're not "liberals."

Control the language and control the culture. Call these assholes out for what they are: far-left radicals pushing Marxist gender politics and aggressive economic redistributionism.

More at the Washington Times, "Under pressure from some Democrats and feminists, Lawrence Summers withdraws name for Federal Reserve." And at Memeorandum.

FLASHBACK: At VDare, "The Larry Summers Show Trial."