Larry Summers Insists: Stimulus Has Not Failed, Unemployment Numbers Not Important

by Benjamin Domenech on 10:03 am July 18, 2009

C’mon, Larry: “Both administration and independent forecasts predicted that only a very small part of the total job creation expected from the Recovery Act would take place within six months.” Summers argues that deficit spending and unemployment are nothing compared to the dangers of an elongated recession. Good thing we avoided that.

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