1. If you are looking or signs of progress, then one heartening fact is that for the first time in 4 decades there is a Democratic administration that is willing to ignore Larry Summers.
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@NaomiAKlein 2009: "Summers has been spectacularly wrong again & again. He was wrong about not regulating derivatives. Wrong when he helped kill Depression-era banking laws, turning banks into too-big-to-fail welfare monsters. & as he helps devise ever more complex tricks..."pic.twitter.com/g4mSt6Klki
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4. Summers ostracizing to the land of cranky op-ed writers was a hard won victory. He was in fact advising Biden in 2020 until progressives raised an outcry. After that, he tried to seed Biden campaign with his acolytes. Like Freddy Krueger he never gives up.
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5. Look, I understand Summers' plight. It's hard to admit you've been dispatched to the dustbin of history. But it's also hard to get warnings that the economy is overheating (i.e. unemployment too low & wages rising too fast) from some like Summers (seat at right end here).pic.twitter.com/QTmRx88riC
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6. Beyond his past record, Summers' latest intervention doesn't even make much sense as economic advice. More here:https://www.thenation.com/article/economy/larry-summers-stimulus-neoliberalism/ …
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End of conversation
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yes.
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Donald Trump.
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It’s the Winter of Larry Summers
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But yeah. Summers is horrible.
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My memory is that Summers's time as Treasury Secretary was very highly regarded during the Bush II administration.
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