Archive for November 2008
Dear Mr. Podesta,
As chief of President-elect Obama’s transition team, you will help make many decisions — great and small — that have a profound effect on our ability to make progressive change.
It’s widely reported that former Clinton official and Harvard President Larry Summers is on your shortlist for Treasury Secretary. This is a crucial appointment given the financial crisis and its devastating effect on so many Americans.
In 1999, Summers was one of the key proponents of the banking deregulation that led to the rise of ‘mega-banks’ and the current financial crisis. He had a direct hand in the famous “Enron” exception. He even sent a note to the now disgraced former CEO of Enron, Ken Lay, with a handwritten PS that read: “I’ll keep my eye on power deregulation and energy market infrastructure issues.” That led to a reported $17 million energy deficit here in NYC at Fort Hamilton, Brooklyn, our noted induction center named for our nation’s Federalist, patriot and first Secretary of the Treasury, Alexander Hamilton. Robert E. Lee, a former West Point Commandant, lived there before the Civil War. Veterans are treated there at the hospital my godmother worked for many years.
In addition to this remarkable lapse in judgment, Larry Summers has argued that women are innately less gifted in science than men.
President-elect Obama needs to put an end to the excesses on Wall Street, ensure accountability for bailout funds, and get our economy moving in the right direction. Summers is not the man for this job.
I think it was a service to the Bank Street Market area on the westside in Greenwich Village, where there for many years had been outdoor and other markets for fresh and other produce. A similar proposal for the use of the South Bronx, at Oak Point, was a rail-link with produce, saving 10% in costs of transport, by off-loading trailer-trucks at Tappan Zee, put on freight in special containers, off-loaded onto trucks that would fit under every major bridge/overpass into and around Manhattan. I knew some archaeologists who worked on it, in part to find the original Bronks the Swedish settlers’ place in New Amsterdam. Said “going up to the Bronks” led to the place-name today and the Bronx River, which Admiral Cornwallis was ordered to sail up and beat the American rebels at White Plains, by King George.
Recent forensics show that Admiral Cornwallis (his brother, the general lost at the battle of Yorktown, Virginia, when General Washington and his troops and the French troops who arrived from Rhode Island marched out of New York state to there) may have been poisoning the king with the huge amount of powdered arsenic in his wig, according to modern forensic testing in Great Britain. The Bronks place was a hill mined for fill and leveled for modern rail. Trains Erupt with Flowers: Past and Future New York City