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Larry Summers On Market Chaos
ResumeFormer Treasury Secretary and White House economics advisor Larry Summers on chaos in the markets and a global economy on the rocks.
It’s just one rating agency, with issues of its own. The White House rejects the math.
But there it is: the USA, not top tier.
This is not news to the 14 million Americans looking for a job. But it is a big sober-up moment for all Americans about this country’s direction, its politics, and its economy.
Lawrence Summers was treasury secretary to Bill Clinton. Top economic adviser to Barack Obama. Headstrong. Outspoken. He’s with us.
This hour On Point: What now? What next?
-Tom Ashbrook
Guests:
Larry Summers, served as the Director of the National Economic Council for the Obama Administration from 2009 to 2011. He was the Secretary of the Treasury from 1999 to 2001 during the Clinton Administration.
From Tom's Reading List:
This program aired on August 8, 2011.