Obama Economic Advisor Says

[The Rev]

Obama Economic Advisor Says Keeping Taxes Low Spurs Economic Growth, Leads to More Tax Revenue
Wednesday, December 08, 2010
By Fred Lucas
In this Oct. 16, 2009, file photo, Lawrence Summers, White House chief economic adviser, speaks at the Buttonwood Gathering in New York. Summers, plans to leave the White House at the end of the year, a move that comes as the administration struggles to show an anxious public it's making progress on the economy. (AP Photo/Mark Lennihan, File)


Washington (CNSNews.com) – In an unusual argument from a Democratic administration, the director of President Obama’s National Economic Council, Larry Summers, contended Wednesday that a deal with Congressional leaders to keep taxes low for another two years will not only jumpstart the economy but increase government revenue in the long run.
Summers said failure to pass the legislation – criticized by both Democrats and Republicans in Congress – could significantly increase the likelihood of a double-dip recession.

[The Rev]

I have to laugh at this article, how many people have told the Great One this? Now what you want to bet he's going to spin it that it was his idea? Regardless, he'll take credit for it... What a Bozo.

[emptyquiver2]

I wonder if Summers feels that he too is being held Hostage by the Repubs to of made said statement. It would seem as there is a bit too much scrambleing to pass Legislation at this time. Waiting until the last moment to address this issue coupled with The Dream Act along with others at this time appears as a last ditch effort to rabbit punch us before exiting the building.

[burniegoeasily]

This has got to be wrong. Those sorry rich S.O.B.s are suppose to poney up more of their hard earned cash so that Johnny slug can have a new Ipod.

[ipscshooter]

Summers better get his resume in order. Christina Romer, the last "Obama Economic Advisor" to say that tax increases are contractionary "resigned" shortly thereafter...