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Commentary :: Human Rights
BTL:After Summers Resigns, Will Obama Scrap His Bank-Friendly Economic Policy?
02 Oct 2010
Modified: 11:17:51 AM
BETWEEN THE LINES Syndicated Radio Newsmagazine
After Summers Resigns, Will Obama Scrap His Bank-Friendly Economic Policy?

Interview with Robert Scheer, journalist and author, conducted by Scott Harris

Lawrence Summers, director of President Obama's National Economic Council and his top economic adviser, announced that he'll resign at the end of this year to return to Harvard where he's been both a professor and a former university president. When his departure was made public, President Obama thanked Summers for his service to the nation and said, "I will always be grateful that at a time of great peril for our country, a man of Larry's brilliance, experience and judgment was willing to answer the call and lead our economic team."

Summers, who served as treasury secretary in the Clinton administration, and was a mentor to Obama's current Treasury Secretary Timothy Geithner, is blamed by some observers for pushing the sweeping deregulation of Wall Street during the 1990's that resulted in the current economic crisis. He's also culpable in the eyes of many for advocating for the Obama policy of bailing out giant U.S. banks with hundreds of billions of taxpayer dollars, but with no return for the taxpayers in an economy plagued with joblessness and foreclosures.

Between The Lines' Scott Harris spoke with journalist Robert Scheer, author of the new book, "The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street." Scheer explains his disappointment with President Obama's bank-friendly economic policy and expresses hope that Summers' departure might signal a more progressive and populist economic policy in the remainder of his time in office.

Robert Scheer's latest book is titled, "The Great American Stickup." Scheer edits and writes for the online news magazine

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"Between The Lines" is a half-hour syndicated radio news magazine that each week features a summary of under-reported news stories and interviews with activists and journalists who offer progressive perspectives on international, national and regional political, economic and social issues. Because "Between The Lines" is independent of all publications, media networks or political parties, we are able to bring a diversity of voices to the airwaves generally ignored or marginalized by the major media. For more information on this week's topics and to check out our text archive listing topics and guests presented in previous programs visit:
"Between the Lines," WPKN 89.5 FM's weekly radio news magazine can be heard Tuesdays at 5:30 p.m. ET; Wednesdays at 8 a.m. ET and Saturdays at 2 p.m. ET (Wednesday's show airs at 7:30 a.m. ET during fundraising months of April and October).
For an email subscription of "Between The Lines Weekly Summary" which features a RealAudio link to the week's program for Between The Lines, send an email to btlsummary-subscribe (at)
For an email subscription of "Between The Lines Q&A" which features a RealAudio link and weekly transcript to one of the interviews featured on Between The Lines, send an email to btlqa-subscribe (at)
Between the Lines
c/o Squeaky Wheel Productions
P.O. Box 110176
Trumbull, CT 06611
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