Larry Summers Is Finally, Belatedly, Irrelevant
For a few short hours from Thursday afternoon to Friday morning, Larry Summers seemed to be on the verge of blowing up another big stimulus. Back in 2009, Summers, then the White House’s top economic adviser, had pushed Barack Obama to go small, based on overoptimistic economic projections and worries about political blowback, a catastrophic decision for both the country and the Democratic Party, which went on to get drubbed in the 2010 midterms. Now Summers was back on his bullshit. In a Washington Post op-ed... Читать дальше...