Larry Summers

Former President Barack Obama’s National Economic Council Director sounded the alarm on the Federal Reserve’s inability to tame inflation and warned about “a collision or crash down the road.”

 

President Barack Obama’s former director of the National Economic Council Lawrence Summers blasted the Federal Reserve for pushing fairy tales on inflation. Summers criticized “the Fed’s current forecast” of a massive drop in inflation during the Peterson Institute for International Economics (PIIE) virtual event on trade liberalization and inflation relief.

Economist Lawrence Summers tore into President Joe Biden for redirecting the blame for America’s inflation crisis. Summers, Obama’s former National Economic Council director, said Biden was flat-out “wrong” to blame inflation on Russia’s invasion of Ukraine during a March 11 segment on Bloomberg TV’s Wall Street Week.

CNN recently had a rough day when it conceded realities that underscored why President Joe Biden’s stimulus monstrosity was proving to be a disaster for the economy.

One of former President Barack Obama’s National Economic Council directors shocked the internet by criticizing the enormity of President Joe Biden’s $1.9 trillion COVID relief proposal.

The current economic expansion could “make history” if it lasts through July, but Bloomberg BusinessWeek pooh-poohed its 10th anniversary saying “no one’s partying” in the June 10 issue.

Twin toadying: New York Times political reporter Amy Chozick relished Hillary Clinton and other women D.C. liberal feminist figures (both in and out of power) in two stories Sunday, one on the front of Sunday Styles and one on the front of Sunday Business. Chozick, who led the paper’s coverage of Hillary Clinton’s failed presidential campaign, couldn’t help fawning over Clinton even in a mildly…

While liberals made many different objections to the GOP’s latest tax reform plan, one former Obama and Clinton administration economist claims the plan will literally kill. Economist Larry Summers told CNBC viewers the Republican tax bill “would result in 10,000 extra deaths per year.” He appeared on CNBC Squawk Box on Dec. 4, to discuss the Republican tax bill.

On Sunday's Fareed Zakaria GPS show, the host peddled the long-discredited mythology that the Reagan and Bush 43 supply-side tax cuts caused annual budget deficits to explode. Zakaria interviewed former Treasury Secretary and Obama economic adviser Larry Summers and current Trump administration Council of Economic Advisers head Kevin Hassett, but he did so separately, thus teeing up Summers to go…

It's so predictable. Whenever a government or leader follows the left's playbook and the results "uexpectedly" don't turn out to be anywhere near what was desired, it isn't the policies' or the leader's fault. No-no-no. During the Mayor David Dinkins era in New York City, it was because Gotham had become ungovernable by any human being – until Rudy Giuliani took over. During the Carter Era, the…

Monday's CBS This Morning revealed how "a trusted Obama health care adviser warned the White House it was losing control of ObamaCare". Major Garrett underlined that "the warnings were dire and specific, and ultimately ignored" by the Obama administration. Instead, they "relied on appointed bureaucrats and senior White House health care advisers" to implement the health care law. Garrett…

British historian Niall Ferguson brought a breath of fresh air to the set of MSNBC’s Morning Joe on Thursday, effortlessly cutting through the show’s typical left-wing spin. Co-hosts Joe Scarborough and Mika Brzezinski were engaged in their new favorite pastime – slamming Ted Cruz and other GOP “extremists” – when Ferguson jumped in and suggested that President Obama may also be culpable in…

In an effort to report on the popularity and status of President Barack Obama now that he's well into his second term in the White House, Politico website writers Todd S. Purdum and John F. Harris posted two articles on Wednesday. The first is entitled “What's wrong with President Obama?” and the second missive is called “And what's right with President Obama?” The second article claims that…

Continuing her network's anti-Limbaugh drumbeat today, MSNBC's Tamron Hall interviewed a little-known feminist activist by the name of Shaunna Thomas of the equally unfamiliar group UltraViolet, which is campaigning to deprive Rush Limbaugh of all of his sponsors. UltraViolet, apparently, is famous for pushing the specious and ultimately discredited claims about a supposed anti-abortion clinic…