Posted on 09/14/2009 3:14:55 PM PDT by John Semmens
National Economic Council Director Larry Summers, considered by many to be President Obama’s top economic advisor, said he is “profoundly puzzled by the persistence of the negative trends in output and employment.”
“We’ve bailed out the mismanaged companies. We’ve spent money we don’t have. We’ve put business on notice that the government is watching their every move and will step in to counter any missteps. We’ve extended unemployment benefits. We’ve done just about everything called for by the Keynesian Model. Yet, the economy is getting worse. Why won’t businesses invest? Why aren’t consumers buying?” Summers asked.
Summers said the Administration is considering some “targeted tax increases to get resources out of the hands of those who aren’t using them wisely. Once the government has more revenue we will be able to more effectively boost economic performance across the board.”
(Excerpt) Read more at azconserv1.wordpress.com ...
Can he possibly be that clueless?
You got me....again.
Well done!
Summers would be “baffled” trying to run a lemonade stand!
Ah, satire—but again, he recently said something so similar. I guess that’s the point of the satire attempt.
QED.
“We’ve done just about everything called for by the Keynesian Model.”....
The Kenyan model is working just fine. We’ll be in huts in no time.
Too close to the real deal - funny though!
Dang. You had me going again!
Kinda reminds me of Star Trek episode “The Galileo Seven” where Spock says something like ~At every step I have done the logical thing~ yet it didn’t work.
McCoy says “I’m sick and tired of your logic.”
I started watching the old Star Trek Next Generation a couple of weeks ago and just couldn’t take the continuous socialist propaganda they spewed...really ticked me off that I have become so sensitive to that junk that I couldn’t watch what used to be one of my favorite shows...not as good as the original, but still well done.
Oh, it was satire. I didn’t get that until halfway through. Unfortunately.
Dumber than cat pooh.
Ian’t that the truth!
Have you picked out your “green econ friendly” hut yet?
LOL!!!
Small biz is scared to hire anybody given the outlook of tax increases and regulation.
Baraq’s union buddies only work for outfits that are shrinking and continue to bleed jobs, not create them.
Waiting for MSM/SCM to start selling the notion that 10% unemployment is the “new normal”
Obama’s speech sounded like he was trying to manipulate the markets today.....
BTTT
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.