Larry Summers' cat-nap at credit talks

Hard to blame the guy, he knows as well as anybody that Obama's ponitifications on the economy aren't worth listening to for more than entertainment value... like listening to a child explain how a rocket works.

http://reaganiterepublicanresistance.blogspot.com/

RRR, you are so right. I long for the days of George W. Bush explaining how the economy works, how he was making us safer, and how he was going to overhaul education in America. Thanks to George W. Bush, our children is learning, we are putting food on our families and Osama Bin Laden has been captured, tried and executed.

Actually Reaganite Republican, your superhero, and the most overrated President in U.S. history, was well know for falling asleep at meetings. It was mostly during his 2nd term when the dementia was setting in.

Good thing he wasnt listening to anyone important..

Obama brought these guys in to share his concept.
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People are spending more than they make or they are spending more than they can afford, and it's all your fault.
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Obama seems mighty fresh in there. Obviously got his 8 hours last night. These guys are putting in 20 hour days.
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That's what you do as the guy in charge during a crisis.
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That's just not how this President rolls.

Washingtonians are known to be 'fat, dumb and lazy' ... Give Dr. Larry Summers a break ... he is only 100 days into solving the global recession that the U.S. created ... (even though Tim Geitner doesn't want to admit it's our fault.)

I think he was daydreaming about last year when he got $5 million from a hedge fund and $167,500 for one speech at Goldman Sachs, and thinking about how no one is paying him for sitting in today (at least as far as we know).

In his prior "service" in Clinton admin. he was the enabler of the abusive credit card companies' practices, all of which could have been curtailed by issuing a Treasury Regulation or two.

To Patrick: The economy worked just fine until the Democrats assumed the command of the Congress in 2006. Our children haven't been learning anything worthwhile before Bush, during Bush and now under Obama. Most teachers are liberal hacks and bullies just like that black teacher in North carolina bullying that small white kid... We have seen the TV footage... As for keeping us safe I think Bush' record speaks for itself. Under Obama we are not even trying to catch Osama bin laden anymore. According to idiots like you and Obama people like Osama are now our best allies. Along with other democrats like Castro brothers, Chavez, King od Saudi Arabia, Ortega, Osama Bin Laden, Chinese... Did I miss someone??? Oh, yes Putin and Medwedew.... They are now our comrades as well.

Did you see how those pirates were taken down and the American hostage freed? President Obama doesn't bluster and swagger like Dim Son did, he just gets the job done and doesn't call attention to it. You won't hear "Bring it on" from President Obama while our troops are in harm's way. Bush had 7 years from 9/11 to capture Bin Laden. President Obama has been in office fewer than 100 days. When Bin Laden is captured, President Obama will act presidential, not like a cowboy. He's not one to prematurely claim "mission accomplished". And wasn't it Dim Son who looked into Putin's eyes and saw his soul?
You rightwingers got nuthin'. I almost feel sorry for you.

He wasn't sleeping. Since his head was taller than his arm he had to bend it over so far it looked like he was sleeping.

Don't you just love the Bush supporters?
They are probably the same ones who complain that Obama isn't attending to U.S. stuff because he is attending conferences in other countries.
These are the same folks who had no problem with Bush making 63 vacation trips to Crawford from the time he took office until early 2007. Over 405 days of vacation in 5 years! Wish I could get a job like that!
I'm no big fan of Obama, and Larry Summers is just one of the reasons I'm not, but to be PROUD of Reagan and GWB and claim they did or would do a better job than Obama means they are living in an alternate reality.

This guy should resign and if unwilling should be pushed out

"Hey, why am I President of Harvard again?"

"What? That idiot in the White House graduated from our B-school? No way. Get me his student file..."

"Wait a minute, the only thing in here is some beer-stained report from the Texas Air National Guard!"

George Scharenberg, blah, blah, blah. You must be talking about Jay Bybee, right?

It looks more like a bad headache Summers is experiencing.

A bit too much partying on the South America trip!

And I agree, the same people are running the treasury that were running it in the 90s and could have headed off the same issues then.

Hey Doug R, Gee Dub was voted in for a second term. Wadya think will happen after this term?

Hey Doug R, Gee Dub was voted in for a second term. Wadya think will happen after this term?

Larry Summers woke up from a nap in the '90s and told Clinton to deregulate banking. He's still asleep at the wheel.

Two words: sleep apnea.

Look into it.

Falling asleep at meetings is not a sign of boredom or laziness. It's a symptom of a medical condition.

Or, being sleep deprived from working too hard. But, looking at this guy's neck, it's much more likely sleep apnea.

Thiese are great photos not only for what they reveal about Summers but also those credit card executives who look like they are sitting on railroad spikes.

Bank profits are sacrosanct!

Just ask Larry Summers.

Or Tim Geithner.

Liquidity at Banks must be maintained at all costs!

This is what John Kenneth Galbraith called the 'CONVENTIONAL WISDOM'.

Which apparently some one very esteemed in Hyde Park has fallen for.

Sooner or later the banks will have to be nationalized.

Too much taxpayer money has been poured into their coffers and they just keep on doing whatever they GD please.

Including no doubt setting up plenty of shell companies to "unbundle" those mortgage securities and keep the good loans for themselves.

Don't worry. They'll pay back the taxpayer money in about 50 years or so...........

obama lawyer+ professor+ messiah = long azz speeches lol

I knwo it is easy to blame the Government for our own problems. We created the Housing crisis because we all have soemthing called greed. and no when the banks are saying no more credit (which all of our lives are dependant upon , like oil) businesses start to go bankrupt. And you guys do is blame the current regime for a 1.7 trillion dollar deficit that Bush himself saw coming before he left office. Everyone cried out :Fixe the Economy Obama!" And now he is trying just that. If the American people as a whole weren't so damn GREEDY our economy would be in better shape. If we didn't have a war that is costing us 10-15 billion or more per week we would have a better a economy. If Nafta did not have 100 + additional peices of legislature that helped push American jobs overseas our economy would be a little better. So think people, before you speak!

Three words: Five-Hour-Energy

To Frederick:
What are you smoking? Please tell us you are back to taking your medications, as you are obviously wildly off the mark and delusional beyond anything imaginable to a lucid, cogent human being.
Please. Take your medication, okay? You can get some from Rush if you need.

If the meeting is that boring to him, he should resign.

Let him who has never fought to stay awake in a meeting where he's not made an active participant and has heard it all before, or at a presentation in a darkened conference room, cast the first stone.

In training in the Army, we called the training films projector the "sleep machine" for a reason!

The current mess has its origins in 1993-4. Several others have contributed to the mess since then. Back then, the Treasury Department and the Fed were following two different policies to put it very simply. If you do not understand what happened in 1994, don't comment. 1994 was the only year ever that interest rates rose, yet Treasury Bonds prices increased. Why? Remember Clinton's quote: “You mean to tell me that the success of the economic program and my re-election hinges on the Federal Reserve and a bunch of fucking bond traders?” All politicians should be put away, especially any democrat from Illinois.

Been there done that. Ouch.

Needs his insulin adjusted.

Why do we continue to bash everything that WE do not agree with? Keep your mouth shut, think (if possible) about how you would hanxdle the same situation and respond with a constructive comment.

It's always fun to make fun of people with disabilities.

Larry Summers could be suffering from sleep apnea, and sleep apnea is not a fun thing to have.

It can have long term health consequences, and could well explain some of the things that have gone on in his live during the past few years.

Only a qualified doctor can tell for sure, but he exhibits all of the classic signs of sleep apnea.

Let's hope Larry Summers takes some time off and gets a sleep study and treatment for his problem.

It sure looks like apnea to this apneac.

I couldn't stay awake in the afternoons for years. Then I got my CPAP.

Now I can talk about economics in the afternoon without fear of embarassment. Really!