MrS Summers' assessment is pretty easy to understand and jibes with the others' mentioned...i.e...
"On Monday, he wrote in another Post opinion column that Congress should pass Build Back Better: "The legislation would spend less over 10 years than was spent on stimulus in 2021. Because that spending is offset by revenue increases and because it includes measures such as child care that will increase the economy's capacity, Build Back Better will have only a negligible impact on inflation.""
As for the financial crisis of 2008, I also blame Bill Clinton for not listening to Brooksley Born and allowing the GOP to later run wild with CDS's...btw, I hope that you are equally incensed at the GOP for subsequently resisting regulations on derivatives, while at the same time looking favorably on Saule Omarova now wrt the same issue....are you?
https://www.abajournal.com/magazine/article/the_born_prophecy
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I'm guessing you didn't read the linked article...
Replies to: "I'm guessing you didn't read the linked article..."
- For those concerned about the BBB Bill and inflation, Larry Summers supports the legislation.. [LINK]
- TyroneIrish - 1:37am 11/20/21
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- My fickle friend...the Summers wind... [NT]
[LINK]
- TakethetrainKnute - 1:41pm 11/20/21
- Great song. Old Blue Eyes. Nobody does it better. [NT] - ELP - 9:32pm 11/21/21
- (That's much better, Knute ;-))...LS's "Debbie Downer" attitude doesn't change the merits of the BBB - TyroneIrish - 6:09pm 11/20/21
- Have fun indoctrinating the grandkids! [NT]
- TakethetrainKnute - 12:40pm 11/21/21
- LOL...you may not believe this, but we played "MONOPOLY" with them ;-)...as for "Indoctrination"... - TyroneIrish - 6:11pm 11/21/21
- Have fun indoctrinating the grandkids! [NT]
- TakethetrainKnute - 12:40pm 11/21/21
- it it passes, the full effects won’t be known for years. the bill simply expands the role of govern - WestCoastIrishFan - 12:50pm 11/20/21
- Here's a thought...let's never invest in anything...then in ten years look back at the "Effects"... - TyroneIrish - 6:13pm 11/20/21
- The bill isn't an investment. It's a transfer of wealth that will benefit everyone but the middle - WestCoastIrishFan - 6:26pm 11/20/21
- What I'm referring to is investment in "Human Capital", which is a real thing...even Adam Smith [LINK]
- TyroneIrish - 7:15am 11/21/21
- I'll have the discussion since it's important to you. First and foremost, what you are cal [LINK]
- WestCoastIrishFan - 2:23pm 11/21/21
- Right off, thanks for taking the time to explain your views on the various aspects of the BBB Bill.. [LINK]
- TyroneIrish - 9:09pm 11/21/21
- I'll just respond within the body of your post... - WestCoastIrishFan - 10:42pm 11/21/21
- China is doing something...actually, they're doing a lot when it comes to shifting their energy uses [LINK]
- TyroneIrish - 12:51am 11/22/21
- Not really but if we are I’d like to see windmills in the water by Nantucket Island and a nuclear - WestCoastIrishFan - 4:03am 11/22/21
- Did you read the article? [NT] - TyroneIrish - 4:14am 11/22/21
- Not really but if we are I’d like to see windmills in the water by Nantucket Island and a nuclear - WestCoastIrishFan - 4:03am 11/22/21
- China is doing something...actually, they're doing a lot when it comes to shifting their energy uses [LINK]
- TyroneIrish - 12:51am 11/22/21
- I'll just respond within the body of your post... - WestCoastIrishFan - 10:42pm 11/21/21
- Right off, thanks for taking the time to explain your views on the various aspects of the BBB Bill.. [LINK]
- TyroneIrish - 9:09pm 11/21/21
- I'll have the discussion since it's important to you. First and foremost, what you are cal [LINK]
- WestCoastIrishFan - 2:23pm 11/21/21
- "The poor will receive more benefits to have bunches of kids." - conorlarkin - 10:02pm 11/20/21
- I don’t think they like being poor, but having kids they can’t support is hardly a solution to get - WestCoastIrishFan - 3:44am 11/21/21
- What I'm referring to is investment in "Human Capital", which is a real thing...even Adam Smith [LINK]
- TyroneIrish - 7:15am 11/21/21
- The bill isn't an investment. It's a transfer of wealth that will benefit everyone but the middle - WestCoastIrishFan - 6:26pm 11/20/21
- Here's a thought...let's never invest in anything...then in ten years look back at the "Effects"... - TyroneIrish - 6:13pm 11/20/21
- Only an idiot would think that more of what's causing the problem is the answer. Insanity. [NT]
- BaronVonZemo - 12:21pm 11/20/21
- Please read the logic that was presented in the article... - TyroneIrish - 6:20pm 11/20/21
- It’s another Great Society boondoggle. - Curly1918 - 4:56pm 11/20/21
- CBO says as presently constructed it will add $160B to the deficit. Biden said it would "cost zero" - TakethetrainKnute - 1:39pm 11/20/21
- Biden may be correct. - conorlarkin - 2:17pm 11/20/21
- I suppose that’s theoretically possible… - TakethetrainKnute - 12:42pm 11/21/21
- The CBO is right more often than wrong - Fisher01 - 12:05am 11/21/21
- Like you, he is incorrect and not very intelligent. [NT] - notredame678 - 6:07pm 11/20/21
- Amazing. And Dem machine sends out word to followers that more spending will fix it when - BaronVonZemo - 2:04pm 11/20/21
- Biden may be correct. - conorlarkin - 2:17pm 11/20/21
- Cool, the asswipe that helped repeal regulation to get us in the housing bubble is cool with it [NT]
- holybull101 - 3:23am 11/20/21
- I'm guessing you didn't read the linked article... - TyroneIrish - 4:16am 11/20/21
- The Senate version will be just fine. Our system works. [NT] - Curly1918 - 1:45am 11/20/21
- My fickle friend...the Summers wind... [NT]
[LINK]
- TakethetrainKnute - 1:41pm 11/20/21
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