Obama: Don’t Believe Everything You Read In The Huffington Post
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WASHINGTON (CBSDC) — President Barack Obama is not a fan of The Huffington Post.
Obama told House Democrats on Capitol Hill Wednesday not to read anything into what the liberal news website posted about Larry Summers, who is on the short list to replace Federal Reserve Chairman Ben Bernanke when his term ends.
The president said “not to believe everything you read in The Huffington Post,” Rep. Brad Sherman, D-Calif., told The Hill.
Obama was defending the former President Bill Clinton’s treasury secretary after Summers after questions arose whether he is the best person for the job. Janet Yellen, current vice chairwoman at the Federal Reserve, is also believed to be on the short list to replace Bernanke.
“He gave a full-throated defense of Larry Summers and his record in helping to save the economy in the dark days of ’09,” Rep. Gerry Connolly, D-Va., told The Hill.
Connolly also said Obama “felt that Larry had been badly treated by some on the left and in the press.”
In a piece called “Larry Summers Is An Unrepentant Bully” last week, executive business editor Peter S. Goodman wrote that Summers dismisses “his critics as people who lack the requisite sophistication about economics and politics.
“Summers is temperamentally ill-suited for this all-important job. His life can be summed up in a simple equation: Brilliance plus arrogance yields perilous foolishness,” Goodman wrote. “His absolute faith in the soundness of his views coupled with his demonstrable tendency to disdain people who disagree have put him on the wrong side of history. We can do far better than hand him the keys to the Fed.”
The Huffington Post also posted negative pieces titled “Fears Rise That Larry Summers Is Likely To Be Named Fed Chairman” and “The Bungled Coronation of Larry Summers” recently, drawing the ire of Obama during his meeting with Democrats.
Bernanke’s second term as Fed chairman ends Jan. 31, 2014.