Topics: Obamacare

Morning Examiner: What will Obama cave on next?

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Beltway Confidential,Conn Carroll,Morning Examiner,Obamacare,Senate,Debt Ceiling,Rand Paul,Syria,Federal Reserve,Larry Summers

Already stung by his complete failure to marshall support for U.S. military action in Syria, President Obama yesterday accepted former-National Economic Council Director Larry Summers decision to withdraw his name for consideration to become the next chairman of the Federal Reserve.

Acrimony avoided ...

Summers, Obama's reported top choice to be the next Fed chair, blamed an "acrimonious" confirmation process for his decision not to seek the job. Indeed, not only did 20 liberal Democratic senators send a letter to Obama this July, asking him to appoint Fed Vice Chair Janet Yellen instead, but four Democratic senators on the Senate Banking Committee (Sens. Sherrod Brown, D-Ohio, Jeff Merkley, D-Ore., Jon Tester, D-Mont., and Elizabeth Warren, D-Mass.) also announced they would vote against Summers if he was nominated.

... for now

But now that Summers is out, will Obama give the base of his party what they want by nominating Yellen? Obama clearly values personal relationships and loyalty on his economic team.

His statement on Summers' withdrawal even mentioned "his tireless work and service on behalf of his country, and I look forward to continuing to seek his guidance and counsel in the future."

But Obama could still go with another familiar name for the nomination. Former Treasury Secretary Tim Geithner is a strong possibility, as is renominating current Fed Chair Ben Bernanke. If Obama goes with someone other than Yellen, Summers' withdrawal may be a fight delayed, not a fight avoided.

Does this embolden Republicans?

Obama is clearly feeling politically weak at the moment. If he felt he was in a strong position, he would have bombed Syria without congressional approval, like he did in Syria, and he would have granted unions an Obamacare carve-out last week, like he did for employers earlier this year. But Obama is falling in every poll, as is his foreign policy job approval, as is his signature domestic accomplishment, Obamacare.

Obama has blinked on the debt limit before. Will he blink again next month and delay more, or all, of Obamacare for another year?

From The Washington Examiner

Editorial: Union leaders get rich as membership falls

Brian Hughes: Obama lays down marker ahead of fiscal battles

Conn Carroll: Why House Republican Leadership wants to fight on debt limit, not continuing resolution

Tim Carney: To win minority vote, GOP has to show it's ready to battle privileged interests

Joel Gehrke: US-Russia deal lets Bashar Assad keep biological weapons

Michael Barone: How Detroit went broke

Mark Tapscott: 15 fascinating stories you missed this past week

Phil Klein: More evidence Obama's Reagan project is failing

Brian Hughes: Obama's week ahead all about the economy

Rebecca Berg: In Iowa, Biden winks at presidential ambitions

Joseph Lawler: President Obama avoids costly Fed chief confirmation battle with Larry Summers' withdrawal

Steve Contorno: Congress warns deal with Russia can't limit support of Syrian rebels

In Other News

NBC News: Obamacare remains highly unpopular as implementation looms

The Los Angeles Times: Insurers limiting doctors, hospitals in health insurance market

The Wall Street Journal: Iran Dials Up Its Presence in Syria

McClatchy Newspapers: Biden, at Iowa fundraiser, accentuates his record with Obama

Lefty Playbook

Ezra Klein: Five reasons Obama should name Janet Yellen to chair the Federal Reserve

Think Progress: Senator calls on the UN to pursue Syrian president for war crimes

Noam Scheiber: This time there really will be a government shutdown and that's not all bad

Righty Playbook

Jonathan Strong: A dry run for the Graves Bill

Chris Jacobs: Obamacare is NOT saving Americans money

Andrew McCarthy: What conservative foreign policy looks like

Nick Gillespie: Four principles for a libertarian national security state

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