| Submit your comments on this article |
| Home Front: Politix |
| Lawrence Summers calls Barack Obama defender of free markets |
| 2009-06-14 |
| PRESIDENT Barack Obama's chief economist has defended White House economic policies against criticism that they amounted to "a kind of back-door socialism". In a speech to the Council on Foreign Relations in New York, National Economic Council director Lawrence Summers said Mr Obama's interventions "will go with, rather than against, the grain of the market system". Mr Summers's remarks come as mainstream critics of Mr Obama's use of government mechanisms to revamp big segments of the economy are increasingly finding their voice. The US Chamber of Commerce this week announced that it would launch a national advocacy campaign to defend free enterprise against "anti-business activists," referring to administration initiatives. Mr Summers also laid out an ambitious goal ahead of Mr Obama's Wednesday speech on the re-regulation of financial markets: ending a decades-long barrage of financial crises. |
| Posted by:Daffy Unavish4743 |
| #8 Lawrence Summers is an idiot. But then, so is his boss.... |
| Posted by: Barbara Skolaut 2009-06-14 22:42 |
| #7 Ah, capitalism, the last resort of failed marxists. |
| Posted by: Jack is Back! 2009-06-14 12:16 |
| #6 Yes Comrade, sing the praises of Dear Leader. BTW, didn't the wet noodle get run out of Harvard by a gang shrieking harridans? |
| Posted by: ed 2009-06-14 12:02 |
| #5 "Council on Foreign Relations?" Geez, why not give a speech to SPECTRE? They have about the same motivations. To make matters worse, the scoundrels from both political parties are CFR drinking buddies. In practice, it's "bipartisanship" is American government as a "one party state", which in effect, is no different than China's government. "We pretend to be different, but we all believe the same things." http://en.wikipedia.org/wiki/Council_on_Foreign_Relations Check out their membership lists, corporate sponsors, and one-world government types. "You will never find a more wretched hive of scum and villainy." |
| Posted by: Anonymoose 2009-06-14 11:20 |
| #4 "Oceania has always been at war with East Asia." |
| Posted by: no mo uro 2009-06-14 10:11 |
| #3 And he's also a stauch friend of Israel. |
| Posted by: g(r)omgoru 2009-06-14 03:13 |
| #2 ending a decades-long barrage of financial crises. DECADES-LONG? Oh, yeah, this'll work. |
| Posted by: anonymous2u 2009-06-14 02:08 |
| #1 Put down the crack pipe and back away from the keyboard Mr Summers. |
| Posted by: OldSpook 2009-06-14 01:58 |