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Are there no poorhouses?

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“Liberal economist” Larry Summers says Merry Christmas and a Happy New Year!

Liberal economist Larry Summers said Thursday sending out $2,000 stimulus checks to Americans would be a “mistake,” making him the first prominent Democratic figure to come out against more direct relief.

In an interview with Bloomberg, Summers argued the federal government shouldn’t focus on boosting consumer spending with direct assistance because it runs the risk of a “temporary overheat” of the economy.

Summers noted he’s not “enthusiastic” about $600 checks either, which both parties in Congress already agreed to, for the same reason.

Summers advised President-elect Biden’s campaign, according to Bloomberg, and previously served as Bill Clinton’s Treasury Secretary and Obama’s National Economic Council director.  

I mean really what can you say?

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