{"id":175682,"date":"2020-12-25T23:32:00","date_gmt":"2020-12-26T04:32:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2020\/12\/25\/do-not-let-this-man-anywhere-near-to-the-levers-of-power\/"},"modified":"2020-12-25T23:32:00","modified_gmt":"2020-12-26T04:32:00","slug":"do-not-let-this-man-anywhere-near-to-the-levers-of-power","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2020\/12\/25\/do-not-let-this-man-anywhere-near-to-the-levers-of-power\/","title":{"rendered":"Do Not Let This Man Anywhere near to the Levers of Power"},"content":{"rendered":"

Between grossly mismanaging the Harvard endowment<\/a>, using school funds to bail out a corrupt protege<\/a>, making Obama’s economic team a cesspool of sexism<\/a>, his championing the repeal of Glass Steagall<\/a>, and his suggestion that it might make economic sense to use African countries as toxic waste dumps, Larry Summers has a long and inglorious record.  <\/p>\n

Now he is making the talking heads tour, claiming that a one time stimulus payment of $2,000.00 might overheat the economy<\/a>. <\/p>\n

Assuming that every single person in the United States got a check, (They won’t, it would probably be less than half that) this would be about $660 billion, or about 3% of GDP. <\/p>\n

I do not know how Larry Summers has achieved the positions of authority and prestige that he has, but he may very well be the single most overrated person inside the Washington, DC establishment: <\/p>\n

Liberal economist Larry Summers said Thursday sending out $2,000 stimulus checks to Americans would be a \u201cmistake,\u201d making him the first prominent Democratic figure to come out against more direct relief. <\/span><\/p><\/blockquote>\n

Larry Summers is not a liberal economist. He is a a Robert Rubin Democrat.<\/p>\n

He has made his career out of carrying water for corrupt finance.<\/p>\n

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