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Great news about Obama’s new pick to head the CEA, Alan Krueger, the so-called “labor economist.” Yeah, he labors all right: He labors hard to be Larry Summers’ tennis partner. And believe you me, being Larry Summers’ tennis partner is like being a made man in the mob. Krueger understood who butters his bread in this town: Larry Summers, the same guy who took everyone else’s bread and butter, not just in America but the world over.

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August 29th, 2011 | Comments (27)