Rothschild - Good Riddance, Larry Summers!

Matthew Rothschild

Good riddance, Larry Summers. Obama’s top economic adviser is going back to Harvard by the end of the year, and Harvard can have him. Summers has a resume of disaster. As chief economist at the World Bank, he proposed dumping the West’s toxic waste on the Third World. As Clinton’s Treasury undersecretary, he forced privatization on the Russian people, who experienced enormous poverty as a result. (See Naomi Klein’s “The Shock Doctrine.”) And when he was Clinton’s Treasury secretary, he helped deregulate Wall Street, which led to the current crisis. When he was President of Harvard, his sexism did him in. Under Obama, Summers and Timothy Geithner were largely responsible for understimulating the economy. Read more here:



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