And there was much rejoicing

Good news: Larry Summers has withdrawn his candidacy for chairman of the Federal Reserve. Just the fact that Obama keeps propping up this banker mentality for his economic advisors calls his judgment into question, but at least this is one rich gomer who won’t be calling the shots. Let’s have no illusions: the rich have gotten richer under Obama, and the poor have only gotten poorer at a slightly slower rate than under the Republicans.

We’re also spared the spectacle of seeing the lady bankers shooed away to play with little pink dolls.