Larry Summers can go fuck himself. IMF can go fuck itself, too. This isn't revolutionary or groundbreaking. It's just econ 101. Where was he back in '09 when all the stimulus spending was being undertaken? We could have spent $2-3 Trillion at that time (mostly on infrastructure improvements, which are desperately needed), because BO was in a position to do whatever he wanted. Larry and his crew played politics and recommended less than a third of that. It's always the same thing with these "liberals". Robert Reich did the same shit: dropped the ball when he had a chance to act (remember, both of these dipshits were big shots in the Clinton administration, back when the Clinton administration was busy dismantling all the Depression-era financial rules that were put there for a good goddam reason), but then made a fuckload of money on a book tour about how fucked the current financial and economic systems are. Excuse me for not feeling uplifted by their brilliance.
Thank you. I was reading this and thinking, jesus h, this is relevatory? "HARVARD PROF AND FORMER PRESIDENT: ROADS ARE GOOD" Or is it the fact that an organization as conservative as the IMF, by backing as liberal or progressive an idea as borrowing-fueled-stimulus, giving further legitimacy to these ideas? Because I guess that's good. Now let me check, do House Republicans give a fuck what the IMF thinks?