Economics Blog : Summers Testimony on Fiscal Stimulus

Economics Blog : Summers Testimony on Fiscal Stimulus

My comments:

I wish that all the presidential candidates read this interview from an Economist with a successful track record (it was not Bill Clinton but the Rubin, Summers and Greenspan) who turned around the economy in the 90's. Bill gets credit for bringing Democrats and Republicans together. The current candidates from both parties go into populist rhetoric and generalities -- clearly showing their lack of understanding of the Economy. It is clear that a targeted stimulus package is required now! I find it interesting that Summers is skeptical of the 2001 stimulus package. Either way, here is a chance for Republicans and Democrats in Congress to redeem themselves and agree to a stimulus package now. I am glad that finally someone provides specifics on the "what and the how" to stimulate the economy. Let's hope someone listens and acts!!