This is the final part of my series on why the Obama economioc team should get the Hell out of Washington…..

I have said in my other two parts that Geithner and then Bernanke should depart as the economic team in Washington…..but I would be remiss if I left out the actor in the wings…the guy backstage that is a :key” piece of the economic recovery team….Larry Summers.

In the beginning there was Larry Summers…Mister Magic was wanted as secretary of treasury but was left out because of his controversial time at Harvard when he made some unfortunate comments about women…..the future Prez and his handlers figured that Summers would be a huge distraction and that their proposals would go unnoticed by the sideshow of his nomination….so he became a behind the scenes adviser and let Geithner fade the heat because he was more easily nominated….

But to me there is more to this story than most know and because of that I say he needs to be yet another member of the Obama adviser corps that nbeeds to leave Washington and maybe the middle class would have a fighting chance with new economic leadership….

So of the stuff that was readily reported about Summers and his ‘expert’ economic leadership…….the website Exiledonline.com has an excellent anbalysis on the past economic endeavors of Larry Summers……

But let’s return to the Summers timeline. After his stint in the Reaganomics brain trust, he returned to Harvard to serve as one of the university’s youngest professors. In 1988, he was Michael Dukakis’s chief economic advisor, but when that campaign failed to bring Summers to power, he turned to America’s great rival, the former Soviet Union, to try out his economic experiments. In 1990, Lithuania, a restive Soviet republic seeking independence, hired Summers to advise on that country’s economic transformation. Poor Lithuania had no idea what it got itself into. This was Summers’s first opportunity to tackle a country in economic crisis and put his wunderkind theories into practice. The results were literally suicidal: in 1990, when Summers first arrived, Lithuania’s suicide rate was 26.1 per 100,000 and falling. Just five years after Summers got his hands on Lithuania’s economy, life became so unbearable under the economic transition that the suicide rate nearly doubled to 45.6 per 100,000, worse than any other ex-Soviet republic in transition. In fact, it was the highest suicide rate in the world, suggesting something particularly harsh and brutal about the economic transition in that country as opposed to the others, where suffering and pain were common. Things got so bad that in 1992, after just two years of Summers-nomics, the traumatized Lithuanians voted the communist party back into power, the first East European nation to do so–even though just a year earlier Lithuanians actually died on the streets fighting communism.

Fresh off his success in Lithuania, Summers moved to the World Bank, where he was named the chief economist in 1991, the year he issued his famous let’s-pollute-Africa memo. It was also the year that Summers, and his Harvard protégé Andrei Schleifer (who worked with Summers on the Lithuania economic transformation), began their catastrophic “rescue” of Russia’s crisis-ridden economy. It’s a complicated story involving corruption, cronyism and economic devastation. But by the end of the 1990s, Russia’s GDP had collapsed by more than 60 percent, its population was suffering the worst death-to-birth ratio of any industrialized nation in the twentieth century, and the financial markets that Summers and Schleifer helped create had collapsed in what was then the world’s biggest debt default ever. The result was the rise of Vladmir Putin and a national aversion to free markets and anything associated with Western liberalism.

In light of all of the corruption, cronyism and devastation that have marked his career, Summers’ statements about an under-polluted Africa or intellectually-inferior women no longer seem like provocative eccentricities but part and parcel of the Summers shtick. And now there’s talk that President-elect Obama may hand the keys to national treasury to Summers–meaning that he’ll be in charge of overseeing a trillion-dollar taxpayer bailout of the entire financial industry, a process already rife with conflicts of interest, cronyism and corruption.

Now I asked…after you guys have read this about Summers what part of his past would lead you to believe that he would have any successful answers to the recession?  What part of his past shows any concern for the plight of the middles class?

Now with the abysmal record and doings of the “big three’ of economic recovery, what part or which one of them seems to have a grip on what to do to improve our standings?  For the good of the country…ALL three of these people should be run out of Washington on a rail with tar and feathers applied….NONE of them has the interest of the middle class as a priority….they are ALL paid for by Wall Street and they function as Wall Street surrogates in Washington.