{"id":14517,"date":"2013-09-19T15:06:40","date_gmt":"2013-09-19T19:06:40","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=14517"},"modified":"2013-09-19T15:14:16","modified_gmt":"2013-09-19T19:14:16","slug":"larry-summers-got-a-bad-rap-on-stimulus-obama-is-the-problem","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2013\/09\/19\/larry-summers-got-a-bad-rap-on-stimulus-obama-is-the-problem\/","title":{"rendered":"Larry Summers Got a Bad Rap on Stimulus: Obama is the Problem"},"content":{"rendered":"<p><em>New Economic Perspectives<\/em> has the article <a title=\"William Black article\" href=\"http:\/\/neweconomicperspectives.org\/2013\/09\/larry-summers-got-bad-rap-stimulus-obama-problem.html\" target=\"_blank\"><strong>Larry Summers Got a Bad Rap on Stimulus: Obama is the Problem<\/strong><\/a> by William K. Black. The article begins as follows:<\/p>\n<blockquote><p>I am a strong supporter of Janet Yellen and believe her support for the fiscal and monetary policies best designed to produce a stronger, prompter recovery from the Great Recession makes her the superior replacement for Ben Bernanke.\u00a0 The criticism of Larry Summers\u2019 position on fiscal stimulus, however, was generally inaccurate.\u00a0 Within the Obama\/Biden administration, the best known economists (Summers, Christina Romer, and Jared Bernstein) proved dramatically better economists than did the non-economists who eventually came to dominate Obama\u2019s economic policies (Timothy Geithner, Jacob Lew, and William Daley).\u00a0 Summers, Romer, and Bernstein were strong voices in favor of fiscal stimulus.\u00a0 Summers deserves some additional praise because he had to break from his mentor\u2019s (Bob Rubin\u2019s) pro-austerity dogmas to reach his anti-austerian position.<\/p><\/blockquote>\n<p>I wasn&#8217;t sure if it were Summers or someone else that was giving bad advice to President Obama on the stimulus.\u00a0 If William Black wants to defend Summers on this aspect of his economics advice, then I am willing to listen.\u00a0 There are some links that I am going to have to follow to see if there is an explanation of just where Summers stood compared to Romer.\u00a0 He might have stood correctly in opposition to Geithner, Lew, and Daley, but still be more tepid about stimulus than Romer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Economic Perspectives has the article Larry Summers Got a Bad Rap on Stimulus: Obama is the Problem by William K. Black. The article begins as follows: I am a strong supporter of Janet Yellen and believe her support for the fiscal and monetary policies best designed to produce a stronger, prompter recovery from the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-14517","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/14517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=14517"}],"version-history":[{"count":2,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/14517\/revisions"}],"predecessor-version":[{"id":14519,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/14517\/revisions\/14519"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=14517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=14517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=14517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}