Former Treasury Secretary Larry Summers shares advice for the federal government on what to do next, as the country heads toward an inevitable recession.
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#Treasury #Economy #Recession
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Atleast we dont have anymore mean tweets right?
I give America 5-6 years for many states to leave the shadows of American flag.
I agree with the antibiotic analogy ,but running the full course often comes with gastric issues.
It's all thanks to Biden and the Dems giving thousands of dollars to people with kids. Now they are trying to make the money back. Unfortunately those who didn't get child tax money aren't going to benefit.
There will be a lot more people camping in Walmart parking lots when the real estate bubble bursts.
Come on red wave this November!!!
https://youtu.be/aNpKZ46V6dE
A medically-induced coma is not the same as one produced by a catastrophic event.
A prescribed burn is not the same as one produced by lightning or arson.
If our economy slides into a recession it should be viewed as a controlled circumstance for the long term financial health of our country.
Our president 🇺🇸 Mr. Joe biden👢
What caused inflation COVID-19 from China because of the trump trade war China waged biology war with out firing a shot or being proven they did it they are wisely evil and smarter than trump when did inflation start in 2020 when trump shut down America because of COVID-19 then when America started up and went back to work inflation grew another factor is trump spent to much money 7.8trillion dollars in four years then Biden spent a few more billion but let us get this right it started during the trump administration that Biden inherited just like Obama inherited a great recession from the bush administration Obama and Biden fix that recession with a thriving economy that trump inherited and three years later America is in another recession from a republican administration
They were protests in the UK today because they are having 40-year high level inflation to caused by high gas prices caused by billionaires wanting to make more money and bring in conservative government
Not any company especially the oil companies that raise prices can justify the fact that they raise prices because we know they are at 80-year profit levels so they started the the ball rolling down the hill by raising gas prices at the pump when they had no reason to do so especially when they are receiving subsidies which is welfare from the government already and this is worldwide
All corporations want Republican leadership for no taxes and safety regulations and so they purposely raise the prices because it's not hurting them at all in fact they're at 80 year profit levels across the board and they knew you would call it inflation because Larry Summers had already come out and said inflation was going to happen if you give regular people money and so they raised prices the corporations and you called it inflation even though the FED gave way more money to Wall Street and main Street by buying stocks and bonds
YES GRANP IST STRONG LIKE A CAKE IN THE SCHOOL.JAJAJAJAJA
We were just told that our electricity bill will rise another 70. Extra a month then in November it will rise somewhere from70.-85. A month extra this is outrageous considering it was horrible last winter average bill was 235. A month! Up by my bill 115. A month .
Larry Summers is lost.
Larry's been lost for some time now, especially after the 2008 Financial Crisis.
The Fed isn't raising interest rates now in anticipation of inflation, they're raising rates because with $2.7 Trillion on their books of bad mortgage (from 2008) and private business debt (from March of 2020) on their balance sheets, they don't have any more monetary policy ammunition left unless they raise rates.
So slick ! Government created the problem but to fix it. They have to pass everything they want ! BS
When we enter into your presence in prayer we open our spirit to receive the brightness of your love. Lord fill us with your power and presence as we wait upon you. Radiate through us and touch others with your power and peace.. 🙏
Meet the Depressed! I mean Summers was the Treasury Secretary for Clinton was he not?? Why didn't he debate Alan Greenspan on low interest rates, accommodative policies and "helicopter money"??? These policies have been going on since Greenspan took over 35 years ago! The Fed is a "Bubble Machine" and needs to be dismantled. Also we need to CUT SPENDING and BALANCE THE BUDGET!
If you want inflation to come down immediately pop the housing bubble by taxing these housing investing corps
Joe is A JOKE!
Hang on folks – we still have another 2-1/2 years of Joe Biden screwing up every single thing he touches! WORST PRESIDENT EVER……..🤬
Was Larry a muppet before he was appointed by Obozo?
He fell off of his bike why should we trust demented Biden?
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Recession or no recession, putting all of that aside, one can not deny the fact that Larry Summers has got to be one of the best at economic advisory/commentary we have ever seen. The guy is simply brilliant.
What is a recession? What is a depression? I am asking seriously.
Apprentice to the Dark Lord: Is a recession necessary to trigger the next great awakening?
The Dark Lord: Absolutely
Those 3 steps are sound advice to me, but good luck getting Republican obstructionists in congress and Machinema to do the right thing for the majority of Americans.
This economist is working for communist china