The Senate has approved Janet Yellen as the next Chairman of the Federal Reserve.

While it important is that she is the first woman to Chair the Fed, more important is that she is not Larry Summers.

The Democratic wing of the Democratic Party managed to prevent Barack Obama from pursuing into his Wall Street Neoliberal inclinations.

Hopefully, this means we can stop him when he (once again) tries to sell out Social Security, Medicaid, and Medicare in the name of a “Grand Bargain.”