Larry Summers Sleeping at Yesterday’s “Fiscal Responsibility” Summit & Gov. Sonny Predue Should Get an Energy Drink
Posted on 24 February 2009 by admin
FROM the FINANCIAL TIMES
…Lawrence Summers, ex-Harvard president and head of the National Economic Counci, fell asleep on the podium… while major markets indices were hitting a 12-year low…
…Also, it seems Governor Sonny Perdue needs an energy drink from attending the same (I guess very borning) summit…
UPDATE: LAWENCE SUMMERS FALLS ASLEEP AGAIN LISTING TO OBAMA
Maybe Obama should have brought his energy drink of choice,
Dictionary definition of hype: Something deliberately misleading; a deception: “He says that there isn’t any economic crisis at all, that it’s all a hype, to maintain power. Charismatic leaders can only maintain power while a crisis endures, so they will hype up the crisis.”
In reality, people familiar with this summit said it was boring. It wasn’t boring because of the issues. Rather, it was apparent to everyone present that it was a huge publicity stunt designed to give Obama the look-and-feel of doing something about the current deficit without doing much at all.
LIKE an ASSIGNMENT from a SUBSTITUTE TEACHER
“It was like a substitute teacher coming in and giving you an assignment that is totally irrelevant to the path the regular teacher has the class following. Everyone completes the exercise, but no one expects the work to be tested on later.”
Polls indicate the biggest drag on Obama’s approval rating is the growing deficit. (If current trends continue, the United States has years before interest on debt eclipses all tax revenues.) Insiders in the know agree this was about show, and not much else. Why else would you call this event after the biggest expansion of the federal budget, by way of Obama’s spending bill. Had it really and truly been fresh on Obama’s mind, such a spending bill passed days earlier would have not been signed.
So much for change—looks like just a whole heck of a lot more of the same.