Posts Tagged ‘larry summers’

Crashing Down


There’s talk at the White House of need for a new stimulus. Larry Summers, President Barack Obama’s top economic adviser, has asked Congress to “grit its teeth” and approve a fresh fiscal boost of $200bn to keep growth on track. “We are nearly 8m jobs short of normal employment. For millions of Americans the economic […]

Barack Obullet


Is it fair to say that a bad economic report is good news for the economy? A fresh estimate of the deficit showed it coming in at $1.84 trillion — representing a massive 12.9 percent of gross domestic product — in the current 2009 fiscal year that ends on September 30. I think it is […]

Summer’s Day?


Dreaming of Change. I guess Larry Summers hasn’t been hit with any dramatic credit card interest rate increases.