"The Jobless Recovery: Larry Summers and the End of the Economic Crisis" by Anthony DiMaggio

[StarfarerBill]

"Arianna Huffington was right when she said that Larry Summers should be fired. As the top economic advisor to Barack Obama and the director of the National Economic Council, Summers is amassing an impressive record of serving corporate greed at the expense of the public good. Summers reveals himself as thoroughly disconnected from the suffering of main street America in light of his recent statements. On the December 13th edition of ABC's This Week, Summers cheerfully explained to George Stephanopoulos that the U.S. has "walked back from the brink" following the 2008 economic collapse, and that "everyone agrees the recession is over and the question is what the pace of the (job and economic) expansion is going to be.

"Huffington, who was also a guest on This Week, reacted with scorn: "he's the wrong man to be heading the President's economic team. His response is so lackadaisical, no sense of urgency. This is meaningless; Larry Summers' accelerating his forecast (on job creation) is so utterly meaningless. I don't even know why we're talking about it. All his (other) forecasts have been completely wrong." Huffington's tongue lashing was one of the few breaths of fresh air in a constant barrage of political and media propaganda that promises the end of the economic crisis is near."

http://www.zmag.org/znet/viewArticle/23375