“Larry Summers’s legacy is advocating for policies that contributed to the skyrocketing inequality and climate crisis we’re living with today,” the groups said in a joint statement. Today it was reported that Larry Summers, the former President of Harvard, and the former economist for both Presidents Clinton and Obama, reportedly believes that the economy is at its worst position in a decade.Bloomberg reported Former U.S. Treasury Secretary Lawrence H. Summers, a Bloomberg contributor, discusses the efforts by U.S. policymakers to offset the economic impact … This prompted immediate outrage from the progressive wing of the Democratic Party, where Summers is loathed for, well, just about everything he has ever said or done. Former Treasury Secretary Lawrence Summers is advising Joe Biden ’s presidential campaign on economic policy, including its plans to revive the U.S. economy after the coronavirus pandemic, according to five people familiar with his involvement.. “Larry Summers’s legacy is advocating for policies that contributed to the skyrocketing inequality and climate crisis we’re living with today,” the groups said in a joint statement. Full bio. Lawrence Henry Summers (born November 30, 1954) is an American economist, former Vice President of Development Economics and Chief Economist of the World Bank (1991–93), senior U.S. Treasury Department official throughout President Clinton's administration (ultimately Treasury Secretary, 1999–2001), and former director of the National Economic Council for President Obama (2009–2010). He served as the 71st Secretary of the Treasury for President Clinton and the Director of the National Economic Council for President Obama. Larry Summers on Secular Stagnation Read more Follow @LHSummers on Twitter Lawrence H. Summers is the Charles W. Eliot University Professor and President Emeritus at Harvard University.
Bloomberg News reported Thursday that Summers is advising Biden on economic policy -- including plans to revive the American economy after the coronavirus pandemic -- … On Thursday, Bloomberg News reported what had been rumored for weeks: Summers has been advising Biden on economic recovery strategies for the ongoing coronavirus collapse. Summers’ role will likely roil progressives, who view his work on the 2009 economic recovery as too favorable to big banks, Bloomberg wrote. Bloomberg said Summers … The Obama and Clinton administration veteran’s role roiled progressives who view his past work on the 2009 recovery as too favorable to big banks. The vice president and I have been friends
World Health Organization (WHO) Global Ambassador for Noncommunicable Diseases, entrepreneur and philanthropist Michael R. Bloomberg and distinguished economist Lawrence H. Summers, former Secretary of the US Treasury and former Director of the National Economic Council of the United States, today announced a Task Force on Fiscal Policy for Health. (Bloomberg) -- Former Treasury Secretary Larry Summers played down his role advising Joe Biden’s campaign amid an uproar among some progressives over his potential influence on the presumptive Democratic presidential nominee.“Oh, I wouldn’t over-read things.