Larry Summers sez it's either trickle down (tax cuts) or double dip recession

[Revere]

Go toward the light, Larry.

Double-Dip Recession Possible Without Tax Deal, Obama's Top Economic Aide Warns - FoxNews.com

Outgoing White House economic adviser Larry Summers warned Wednesday that failure to pass a new tax cut compromise would significantly raise the risk of a double-dip recession.

"To pass this bill in the next couple of weeks would materially increase the risk that the economy would stall out and we would have a double dip," he told reporters at the White House.

Summers added that he thinks Congress will pass the deal President Obama struck with Republicans, an agreement that has come under withering criticism from liberal Democrats over the two-year extension of tax cuts for the rich as well as the middle class.

Summers said that he doesn't think that Congress would take a step that "materially increases the risk that this economy will stall out."

Positive reviews coming in from economists, Summers said, show the deal is the right thing to do.

 

[NYcarbineer]

Yeah, I think Summers was one of those guys who thought deregulating the financial markets was a brilliant idea ten years ago.

 

[The Outsider]

We will probably have a double dip recession anyways due to how weak consumer confidence is.

 

[miller]

Larry Summers is a big time criminal who wants to steer law enforcement into a different direction.

If I could prosecute Larry Summers and Geithner for their criminal activity they would never be released from prison.

Read the synopsis of my last case.:
Screwed Again: Just Cause Just Facts synopsis