President-elect Obama rightly spoke often on the campaign trail about the perils of deregulation and trade agreements that do not include worker and environmental protections.
The deregulation of our financial institutions has led to our current economic crisis, and it is critical that the next Treasury Secretary discontinue the failed policies of both the Clinton and Bush administrations, a legacy of deregulation of financial markets and trade agreements that dramatically slant toward corporate interests.
Given all this, as Mark Ames asks in a new Nation.com article, and in light of all of the corruption and cronyism that have marked the career of Bill Clinton’s last Treasury Secretary Lawrence Summers, why is Obama considering him for a repeat performance? Please sign The Nation‘s new petition, inspired by a similar campaign started by the invaluable blog OpenLeft, asking Obama’s transition team to end the consideration and take Summers off the list.
