Lawrence Summers is a former director of the National Economic Council under President Barack Obama. Previously, he served as president of Harvard University and as secretary of the treasury under President Bill Clinton.
Lawrence Summers
" class="card-img-top bg-light" style="min-height: 200px" alt="Fact-checking Larry Summers’ formula for unemployment, inflation, and recessions">
“When you have unemployment below 4% and inflation above 4%, recession always follows within two years.”
On financial reform, there is "a million dollars being spent, per congressman, in lobbying expenses on this issue. (The) industry has four lobbyists per member…