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SUMMERS TO CITE 'SUBSTANTIAL PROGRESS'
MSNBC ^
| July 17, 2009
Posted on 07/17/2009 8:21:41 AM PDT by Oldeconomybuyer
The White House has just released excerpts of chief economic adviser Larry Summers' speech on the economy today.
Summers, per the excerpts, will also discuss what the administration hopes the economy will look like once it recovers. "The rebuilt American economy must be more export-oriented and less consumption-oriented, more environmentally oriented and less fossil-energy-oriented, more bio- and software-engineering-oriented and less financial-engineering-oriented, more middle-class-oriented and less oriented to income growth that disproportionately favors a very small share of the population."
(Excerpt) Read more at firstread.msnbc.msn.com ...
TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: deficit; harvard; larrysummers; obamanomics; recession; socialism; summers
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To: Oldeconomybuyer
The Baghdad Bob traveling road show ....
2
posted on
07/17/2009 8:22:38 AM PDT
by
mgc1122
To: mgc1122
Yep, just a hired servant pimping for his master.
3
posted on
07/17/2009 8:25:29 AM PDT
by
Obadiah
(Obama: Chains you can believe in!)
To: Oldeconomybuyer
omg multiple barf alerts in this one
To: mgc1122
Hopefully Summers can stay awake long enough to deliver it.
To: Oldeconomybuyer; ex-Texan
Translation: Asia is about to cut us off, and we are finished.
6
posted on
07/17/2009 8:26:16 AM PDT
by
stephenjohnbanker
(Pray for, and support our troops(heroes) !! And vote out the RINO's!!)
To: Oldeconomybuyer
Yeah really,
ounds like he`s reading from the Communist Manifesto.
To: Oldeconomybuyer
It has the whiff of central planning to me. Or should I say it has the whiff of a steaming pile?
8
posted on
07/17/2009 8:27:01 AM PDT
by
Drill Thrawl
(Another day, another injury, another step closer...)
To: Oldeconomybuyer
This is Scrapple right?
Tell me it’s Scrapple!
9
posted on
07/17/2009 8:27:43 AM PDT
by
tet68
( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
To: Oldeconomybuyer
"The rebuilt American economy must be more export-oriented and less consumption-oriented, more environmentally oriented and less fossil-energy-oriented, more bio- and software-engineering-oriented and less financial-engineering-oriented, more middle-class-oriented and less oriented to income growth that disproportionately favors a very small share of the population."
Not even hiding that fact that they consider us all their slaves.
To: Oldeconomybuyer
Fear was widespread and confidence was scarce.”
Is he talking about then or now ??
11
posted on
07/17/2009 8:30:08 AM PDT
by
tet68
( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
To: Oldeconomybuyer
WASS (We Are So Screwed!)
12
posted on
07/17/2009 8:30:33 AM PDT
by
Huskrrrr
To: Oldeconomybuyer
According to the excepts, he will say that the economy has made progress since the days when it looked like it was on the "brink of catastrophe." Over 3 million people have lost their jobs. This is worse than the worst forecast from the White House. What do these people think we are smoking.
13
posted on
07/17/2009 8:31:08 AM PDT
by
Always Right
(Obama: more arrogant than Bill Clinton, more naive than Jimmy Carter, and more liberal than LBJ.)
To: stephenjohnbanker
China had a debt auction that just failed.....
What do you think is going to happen with their holdings on Treasuries?
14
posted on
07/17/2009 8:31:33 AM PDT
by
misterrob
(A society that burdens future generations with debt can not be considered moral or just)
To: Oldeconomybuyer
An economy based on the Global Warming Hoax. Unbelievable!
15
posted on
07/17/2009 8:32:27 AM PDT
by
Huskrrrr
To: Oldeconomybuyer
I think Hugo Chavez just said the same things.
It must be great fun to try and plan a state-run economy.
16
posted on
07/17/2009 8:33:48 AM PDT
by
VeniVidiVici
(ABC-AP-MSNBC-All Obama, All the time.)
To: Oldeconomybuyer
Gosplan or State Planning Committee (Russian: Госпла́н, Russian pronunciation: [ɡɐsˈplan]) was the committee responsible for economic planning in the Soviet Union. The word "Gosplan" is an abbreviation for Gosudarstvennyi Komitet po Planirovaniyu (Russian: Государственный комитет по планированию, State Committee for Planning). http://en.wikipedia.org/wiki/GOSPLAN
To: misterrob
Geitner will funnel money to another country to pretend to buy the debt to reassure the markets?
18
posted on
07/17/2009 8:33:59 AM PDT
by
listenhillary
(90% of our problems could be resolved with a government 10% of the size it is now.)
To: Oldeconomybuyer
...and don’t forget Summers blew a billion dollar hole in Harvard’s endowment when he ran the place...and fired an auditor who discovered alums using the school as a false-front for tax dodges...
To: Oldeconomybuyer
Uh, how is it going to be more boio oriented under the life science industry retarding affects of Obamacare? Duh!
20
posted on
07/17/2009 8:36:37 AM PDT
by
LALALAW
(one of the asses whose sick of our "ruling" classes)
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