Thursday, December 9, 2010

Now Larry Summers Wants More Stimulus...

Hey, guess who has advice?
A White House warning to Congressional Democrats today: If you block enactment of President Obama's tax cut deal with Republicans, you might trigger a double-dip recession.

"If they don't pass this bill in the next couple of weeks," said White House economic adviser Larry Summers, "it would materially increase the risk the economy would stall out and we would have a double dip."

Did Summers really mean what he just said, asked reporters?

"It would significantly increase the risk," Summers repeated.
Larry Summers, the man who wouldn't even let Obama see the proposal for a larger stimulus because he didn't think it would be nessicary, is now making threats about something that could very well happen anyway thanks to a decision that he made.

You really can't make this stuff up.

In fairness, if there's anyone who knows destroying an economy... it's Larry Summers.

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