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Bloomberg reports @larrysummers15 advising Biden re: economy + this is likely to “roil” progs. *Pls retweet this thread* which includes Biden advisors, to make clear we’re roiled! @AndrewBatesNC @KBeds @jomalleydillon @StefFeldman @KateBerner @thematthill
https://www.bloomberg.com/amp/news/articles/2020-04-23/larry-summers-advising-biden-campaign-on-economic-recovery?__twitter_impression=true">https://www.bloomberg.com/amp/news/...
https://www.bloomberg.com/amp/news/articles/2020-04-23/larry-summers-advising-biden-campaign-on-economic-recovery?__twitter_impression=true">https://www.bloomberg.com/amp/news/...
I& #39;ve been writing w @jeffhauser about the damage done by virtue of an Obama admin led by corporate insiders, and how we must learn from this mistake and make sure it doesn’t happen again. @arb73az @RonaldKlain @SymoneDSanders @JohnWMcCarthy @kurt_bagley https://democracyjournal.org/magazine/personnel-is-policy/">https://democracyjournal.org/magazine/...
Non-exhaustive re: why Summers is awful. Served as Chief Economist of World Bank as it promoted devastating "shock therapy" in former Soviet Union + Eastern Europe. At Treasury helped oversee similar programs in East Asia etc. @AndrewBatesNC @KBeds @jomalleydillon @StefFeldman
As Treasury Sec under Clinton helped oversee deregulation of financial markets including via 1999 Financial Services Modernization Act, which repealed Glass-Steagall. @RonaldKlain @SymoneDSanders @JohnWMcCarthy @kurt_bagley @BillR @thematthill @MeganApper https://www.theatlantic.com/business/archive/2013/09/the-comprehensive-case-against-larry-summers/279651/">https://www.theatlantic.com/business/...
Helped ensure derivatives would not be regulated, through advocacy for Commodity Futures Modernization Act. Less than decade later a $45 trillion unregulated credit default swaps market helped spread crisis through financial system. @JohnWMcCarthy @kurt_bagley @BillR @thematthill
As crisis hit @larrysummers15 fought against allaying impact on ordinary people. Fought “cramdown” (reduction of mortgage balances) ensuring foreclosures, while supporting great largess for the big banks. @StefFeldman @KateBerner @thematthill @MeganApper @arb73az @RonaldKlain
Policies like these led to fraying of social contract and extraordinary unequal recovery, ensuring sustained generalized despair, laying the groundwork for the emergence of rightwing populism + Trump. @AndrewBatesNC @KBeds @jomalleydillon @StefFeldman https://www.theatlantic.com/business/archive/2013/09/the-comprehensive-case-against-larry-summers/279651/">https://www.theatlantic.com/business/...
As we seek to undo damage, @larrysummers15 has spent last year opposing wealth tax - which is popular across party lines. Likely bc he hates Warren for blocking him from Fed Chair, his dream job. @JohnWMcCarthy @kurt_bagley @BillR @thematthill @MeganApper #27e8ebe1f8e3">https://www.forbes.com/sites/eriksherman/2019/10/27/why-larry-summers-opposition-to-the-wealth-tax-is-predictable-and-wrong/ #27e8ebe1f8e3">https://www.forbes.com/sites/eri...
As we fight through COVID crisis, @larrysummers15 gallingly wonders “Why can’t the greatest economy in the history of the world produce swabs, face masks and ventilators in adequate supply?” even tho he pushed policies intended to offshore manufacturing: https://twitter.com/davidsirota/status/1241504498868047872">https://twitter.com/davidsiro...
Those who’ve worked with and under him say he’s a bully.
@AndrewBatesNC @KBeds @jomalleydillon @StefFeldman @KateBerner @thematthill @MeganApper @arb73az @RonaldKlain @SymoneDSanders @JohnWMcCarthy @kurt_bagley @BillR @thematthill @MeganApper https://www.theatlantic.com/business/archive/2013/09/the-comprehensive-case-against-larry-summers/279651/">https://www.theatlantic.com/business/...
@AndrewBatesNC @KBeds @jomalleydillon @StefFeldman @KateBerner @thematthill @MeganApper @arb73az @RonaldKlain @SymoneDSanders @JohnWMcCarthy @kurt_bagley @BillR @thematthill @MeganApper https://www.theatlantic.com/business/archive/2013/09/the-comprehensive-case-against-larry-summers/279651/">https://www.theatlantic.com/business/...
Summers has expressed “that innate differences in sex may explain why fewer women succeed in science and math careers” @RonaldKlain @SymoneDSanders @JohnWMcCarthy @kurt_bagley @BillR @thematthill https://www.nytimes.com/2005/01/18/us/harvard-chief-defends-his-talk-on-women.html">https://www.nytimes.com/2005/01/1...
He isn’t only problem. Must make clear Fink, Nides, Facune, Zients, others of their ilk won’t run admin @AndrewBatesNC @KBeds @jomalleydillon @StefFeldman @KateBerner @thematthill @MeganApper @arb73az @RonaldKlain @SymoneDSanders @JohnWMcCarthy @kurt_bagley @BillR @thematthill
