Progressive organizations opposed as a future Fed chairman Lawrence Summers , President Barack Obama stepped up the pressure to make a different choice , emphasizing his Democratic nomination , former U.S. Secretary of the Treasury and the White House aides will pay the price .
However, they face a well-coordinated campaign on behalf of Summers former Obama administration officials have been largely successful cementing that Summers got the job .
U.S. President Barack Obama is expected to announce his nomination within a few weeks of work , said Summers and current Fed Vice Chairman Janet Yellen is an excellent candidate to replace Fed Chairman Ben Bernanke 's term in January to period .
The New York Times "and" Washington Post "reported on Thursday suggested strongly prefer Obama selected Summers .
Former Obama administration officials, including Jim Messina and Stephanie Cutter, who ran his 2012 re-election campaign , some of the work behind the scenes to help promote Summers candidate , according to a former government official. Whether Messina knife or respond to requests for comment .
Former U.S. Treasury Secretary Timothy Geithner (Timothy Geithner) also played a role in the background Summers work for Obama to ensure accurate depiction , the source said, and the president has publicly defended Summers , and praised him service at the White House . Geithner declined to comment.
Yellen , who did not speak publicly on this issue , an insider said that she felt she was now the underdog in the race .
Online Betting odds displayed let Summers favorite work , but his opponent did not give up without a fight.
Women's organizations are angry that the President seems ready to cross Yellen , who would be the first woman ever to lead the Federal Reserve, in favor of a person who has been severely criticized in the past, they think that as sexist remarks .
More than 100 women leaders advocate Yellen representatives have signed a letter urging Obama to pick her up instead . They plan to send it to the president and Senate Majority Leader Harry Reid , the Senate vote, next week a resolution authorizing U.S. military action against Syria .
"I do not know why the President did not get , " said Bernard , Georgia, a businessman and former director of the Pittsburgh branch of the Federal Reserve Bank of Cleveland has signed this letter. "
"I would love to see Janet Yellen as Fed's head ...... I also believe very strongly , Larry Summers will make some very bad decisions ," she said , citing his record financial deregulation .
As President Clinton 's Treasury Secretary , Lawrence Summers to help remove the separation of commercial banking and investment banking, to help change some people think that the financial crisis of 2007-2009 laid the foundation.
Summers refused to comment on the matter .
Pressure Point
Obama in his second presidential term , does not need to win re-election , but many in his party in the 2014 mid-term elections is facing a close race.
Some of Yellen supporters contend , Summers nomination may erode vital women voters, his party could take control of the U.S. Senate .
"He is definitely shooting itself in the foot ." , Warned women , he said Obama would " deeply hurt " by the naming of his legacy Summers Terry O'Neill, president of national organization , he will make it harder to achieve his agenda .
"The president just like in this shaft mindset : This is the Federal Reserve, which is a gift, I'm going to my friend Larry , because he did not get re-elected, I think he did not think about how this is going , have their own base of support for a response, " she said. "
Summers are generally considered to be a brilliant economist , and within a certain range of the top economic policy work , he has a wealth of experience.
Still, some Washington veterans feel confused, Obama is obviously willing to bypass Yellen , is also considered very good condition , and about the risk of unnecessary Congress Obama struggles , he might be more wisely spent his political capital .
And authorize the use of chemical weapons compete punish Syrian President Bashar al- Assad , the White House is still must convince Congress to raise the U.S. debt ceiling , and the establishment of an agreement to fund the federal government to fiscal years beginning October .
"Obama is going to play a political football with Congress all fall ? " Former Clinton administration official who is now president of international consulting firm加滕罗特科Puff David Rothkopf asked .
It is not clear how much influence, progressive groups , such as the National Organization for Women (NOW) in the White House .
"I do not think all the noise , to solve this matter, said:" Unless President believes it has changed former government officials who are suspected of the present point of traction in the White House .
For progressive groups , they see Obama's club -style approach to the Fed 's their problem with potential Summers pick an important part . They are also linked to the Wall Street Somers , where he earned millions of dollars in consulting and speaking fees troubles.
"The White House and investment banking closely do not let him an excellent candidate for the Fed chairman , Jim said:" Dean , chairman of the American democracy , grassroots organizations .
" The agency has been on the rocks for us regardless of the economic ( financial ) crash ...... ( Obama ) is really risking their credibility to appoint someone with such a strong relationship with the investment banking industry , said:" The dean.



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