Free Republic 3rd Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $16,225
20%  
Woo hoo!! And we're now over 20%!! Thank you all very much!! God bless.

Keyword: harvardcontrols

Brevity: Headers | « Text »
  • Obama policies averted economic "abyss": Summers

    10/12/2009 3:06:46 PM PDT · by NormsRevenge · 35 replies · 1,206+ views
    Reuters on Yahoo ^ | 10/12/09 | Patricia Zengerle
    WASHINGTON (Reuters) – The Obama administration has helped pull the U.S. economy back from the "abyss" with aggressive efforts to spur growth and stabilize financial markets, a top White House adviser said on Monday. Defending policies that Republicans have attacked as ineffective, National Economic Council Director Lawrence Summers argued measures put in place by the administration, including a $787 billion stimulus package, had helped turn back the deepest U.S. recession since the Great Depression. "Thanks largely to the Recovery Act, alongside an aggressive financial stabilization plan and a program to keep responsible homeowners in their homes, we have walked a...