Putting Larry Summers in charge of the Federal Reserve is absurd

Lee Camp explains why it is absurd for Barack Obama to even be considering putting Larry Summers in charge of the Federal Reserve. Here is the referenced article by Greg Palast. Here's an excerpt:

The Memo confirmed every conspiracy freak's fantasy: that in the late 1990s, the top US Treasury officials secretly conspired with a small cabal of banker big-shots to rip apart financial regulation across the planet. When you see 26.3% unemployment in Spain, desperation and hunger in Greece, riots in Indonesia and Detroit in bankruptcy, go back to this End Game memo, the genesis of the blood and tears. The Treasury official playing the bankers' secret End Game was Larry Summers. Today, Summers is Barack Obama's leading choice for Chairman of the US Federal Reserve, the world's central bank. If the confidential memo is authentic, then Summers shouldn't be serving on the Fed, he should be serving hard time in some dungeon reserved for the criminally insane of the finance world. The memo is authentic.

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The moral burden on the United States

Barack Obama: “For nearly seven decades, the United States has been the anchor of global security. This has meant doing more than forging international agreements; it has meant enforcing them. The burdens of leadership are often heavy, but the world’s a better place because we have borne them.” Matthew Rothschild responds at Common Dreams:

Was the U.S. an anchor of global security and an enforcer of international agreements when it overthrew the Mossadegh government in Iran in 1953, or the Arbenz government in Guatemala in 1954? Is the world a better place because the U.S. helped overthrow Salvador Allende’s democratically elected government in Chile almost exactly 40 years ago? Is the world a better place because the United States killed 3 million people in Vietnam, Laos, and Cambodia and because we dropped 20 million gallons of napalm (waging our own version of chemical warfare) on those countries? Is the world a better place because the United States supported brutal governments in El Salvador and Guatemala in the 1980s, which killed tens of thousands of their own people? Is the world a better place because George Bush waged an illegal war against Iraq and killed between 100,000 and a million civilians? And what international agreements was the United States enforcing when it tortured people after 9/11?
Bill Maher:
Forget the Syria debate, we need to debate on why we're always debating whether to bomb someone because we're starting to look, not so much like the world's policeman, but more like George Zimmerman -- itching to use force and then pretending it's because we had no choice.

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