Lawrence Summers on the Economy

It's a jungle out there in the U.S. economy these days. Wall Street all over the place, mainly down. Investment banks writing off billions in losses. Housing still tumbling.

Everybody's got a band-aid or a bail-out to propose, but they all cost money — and some may do more harm than good.

We're sitting down this hour with Lawrence Summers — former U.S. Treasury Secretary, Harvard President, and chief economist for the World Bank — to look at our options.

This hour, On Point: bold thinker, big thinker, Larry Summers on the way out of the mess we're in.Guests:

Lawrence H. Summers, professor of economics and President Emeritus of Harvard University, he was Secretary of the Treasury under President Bill Clinton from 1999 to 2001.

Robert Samuelson, columnist and contributing editor at Newsweek and The Washington Post.