However, the most interesting political irony is not that Summer’s tax reforms are doomed in an increasingly intransigent Congress controlled by the GOP; but rather the lateness of the message. In the first term of Obama administration Larry Summers had the economic advisory position and political clout to change the kid glove treatment of the Wall Street and Financial Sector for triggering the Housing Bubble. Even more important he counseled curbing the TARP and other programs instead of going big to turn around the job and income loss situation for millions of middle class American. So the man who cntributed mightily to Income Inequality now offers a “non starter” solution to the problem he made tangibly worse. Thanks Larry.