Lawrence Summers being Considered For Secretary of Treasury

The Assassinated Press
Lawrence Summers Being Considered For Secretary of Treasury Because He Promised to Lead the Feds to Where the Stolen Wall Street Money Is Hidden.
Stolen Wall Street Trillions Said to be in a Cave Down the Road from Bin Laden.
Pakastani Residents Say Constant Flow of Trucks Filled with America’s Chinese Leveraged Cash Disturbs Sleep, Affects Birth Rate in Goats.
Summers Plan to Kill Millions of Africans Back on the Front Burner in Obama Administration.
By IMA STOOGEY
The Assassinated Press & Fly On the Wall News Service
Nov. 5, '08
Barack Obama says he is favoring anointing Lawrence Summers Secretary of Treasury because “as one of the key architects of the recent collapse of the U.S. economy, that fat fuck knows where the cash is hidden.”
Summers in exchange for the Treasury position has agreed to lead members of the Obama administration to some of the cash stolen by Wall Street reportedly hidden deep in the mountains of Pakistan.
That Summers is a first class shit is indisputable. He along with Robert Rubin former Clinton Treasury Secretary and now Director and Senior Counselor of Citigroup, Alan Greenspan, the libertarian Candide with the supposed moral antennae of a two year because of his long and embarrassing embrace of the principles on Ayn Rand, were the main architects and protectors of the greatest theft in the history of mankind.
The jowly Summers’ flap with Cornell West at Harvard and his ad hominem remark that women can’t do math as well as men, a conjecture deeply in dispute after current mathematical conclusions shared by the mostly male Fed, Treasury and Wall Street turned into an international collapse worthy of another Dunciad, pales beside his genocidal approach to diposal of nuclear waste. This also calls into question Obama’s judgment since Kenya would be a country on Summers dump list—a real fuck you grand ma to start of his first term.
“On December 12, 1991, while serving as chief economist for the World Bank, Summers authored a private memo arguing that the bank should actively encourage the dumping of toxic waste in developing countries, particularly "under populated countries in Africa," which Summers described as "UNDER-polluted." Summers added that public outrage over the heightened rates of prostate cancer caused by his proposed dumping would be mitigated by the fact that poor people in developing countries rarely live long enough to develop prostate cancer.”
The Memo
DATE: December 12, 1991
TO: Distribution
FR: Lawrence H. Summers
Subject: GEP
'Dirty' Industries: Just between you and me, shouldn't the World Bank be encouraging MORE migration of the dirty industries to the LDCs [Less Developed Countries]? I can think of three reasons:
1) The measurements of the costs of health impairing pollution depends on the foregone earnings from increased morbidity and mortality. From this point of view a given amount of health impairing pollution should be done in the country with the lowest cost, which will be the country with the lowest wages. I think the economic logic behind dumping a load of toxic waste in the lowest wage country is impeccable and we should face up to that.
2) The costs of pollution are likely to be non-linear as the initial increments of pollution probably have very low cost. I've always though that under-populated countries in Africa are vastly UNDER-polluted, their air quality is probably vastly inefficiently low compared to Los Angeles or Mexico City. Only the lamentable facts that so much pollution is generated by non-tradable industries (transport, electrical generation) and that the unit transport costs of solid waste are so high prevent world welfare enhancing trade in air pollution and waste.
3) The demand for a clean environment for aesthetic and health reasons is likely to have very high income elasticity. The concern over an agent that causes a one in a million change in the odds of prostrate cancer is obviously going to be much higher in a country where people survive to get prostrate cancer than in a country where under 5 mortality is is 200 per thousand. Also, much of the concern over industrial atmosphere discharge is about visibility impairing particulates. These discharges may have very little direct health impact. Clearly trade in goods that embody aesthetic pollution concerns could be welfare enhancing. While production is mobile the consumption of pretty air is a non-tradable.
The problem with the arguments against all of these proposals for more pollution in LDCs (intrinsic rights to certain goods, moral reasons, social concerns, lack of adequate markets, etc.) could be turned around and used more or less effectively against every Bank proposal for liberalization.
Postscript
After the memo became public in February 1992, Brazil's then-Secretary of the Environment Jose Lutzenburger wrote back to Summers: "Your reasoning is perfectly logical but totally insane... Your thoughts [provide] a concrete example of the unbelievable alienation, reductionist thinking, social ruthlessness and the arrogant ignorance of many conventional 'economists' concerning the nature of the world we live in... If the World Bank keeps you as vice president it will lose all credibility. To me it would confirm what I often said... the best thing that could happen would be for the Bank to disappear." Sadly, Mr. Lutzenburger was fired shortly after writing this letter.
Mr. Summers, on the other hand, was appointed the U.S. Treasury Secretary on July 2nd, 1999, and served through the remainder of the Clinton Admistration. Afterwards, he was named president of Harvard University.
But if Mr. Summers can lead the Feds to some of the trillions that he and his Wall Street cronies have stolen, I’m certain the Obama administration will see killing millions in Africa as a small price to pay.

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