Summers Points To Bush

http://www.futureofcapitalism.com/2009/06/summers-points-to-bush

The Wall Street Journal has a newly published interview with Obama aide Lawrence Summers in which Mr. Summers responds to the "socialism" question much the same way that President Obama did when he was asked about it by the New York Times, by referencing the Bush administration:

Wall Street Journal: Is there a risk that the public is going to view the administration as much more interventionist than it wants to be viewed?

Mr. Summers: I think it's important to recognize that it was the previous administration that launched capital investments in all the major financial institutions, and that made loans to the automobile companies insisting on the presentation of "restructuring plans."

by Editor  |  Jun 15, 2009 at 6:39 am Related Topics:  Lawrence Summers, Socialism receive the latest by email: subscribe to the free futureofcapitalism.com mailing list