When Lawrence Summers withdrew from consideration as the next head of the Federal Reserve, he performed a great service for the Democratic Party's two most important figures—Barack Obama, and his presumed (by Democrats) successor, Hillary Clinton.
The president was spared an embarrassing Senate confirmation fight, with likely defections from his own party. And, Clinton avoided an episode that might have forced her to confront a question that she has, so far, happily avoided: If she runs for president, will she dare to do so as a Clinton Democrat?
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