Larry Summers says $2,000 is too much.

Larry Summers

Larry Summers is one of the USA’s most renowned economists.

He has been chief economist for the World Bank, Secretary of the Treasury in the Clinton administration, president of Harvard University and director of the National Economic Council in the Obama administration.

As Matt Taibbi points out, Summers has consistently advocated for bailouts for failed financial institutions and consistently opposed help for individuals in distress. 

Currently he opposes sending $2,000 stimulus checks to Americans to offset the COVID recession because it would “overheat the economy.”

LINKS

Trump-Pelosi $2,000 Stimulus Checks Are a Big Mistake by Lawrence H. Summers for Bloomberg Opinion.  [Added 12/30/2020]

Neoliberal Champion Larry Summers Opens Mouth, Inserts Both Feet by Matt Taibbi for TK News.

Why Larry Summers MUST Believe $2,000 Checks Are a Bad Idea by Ian Welsh [Added 12/30/2020]

Nearly half of Americans blame GOP for lack of $2,000 stimulus checks by Business Insider [1/3/2021]

Homes of Nancy Pelosi, Mitch McConnell Are Vandalized by CNN Politics.  [Added1/3/2021]

Tags:

One Response to “Larry Summers says $2,000 is too much.”

  1. Fred (Au Natural) Says:

    Other countries are making much bigger payments. As far as I can tell, the US economy is currently frigid.

    Will all this economic overheating contribute to global warming?

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.


%d bloggers like this: