Larry Summers criticizes stimulus plan and is seeing worst Marcoeconomic policies in 40 years

[Person Man]

Who cares about what that neoliberal ghoul has to say?

Even r/neoliberal doesn’t like him.

The absurd constant abuse and misuse of the word “neoliberal” (to the point it has lost any and all meaning it ever may have had) and the frequent use of the dumb insult “ghoul” are two of the cringiest things done by online leftists by the way, congrats on squeezing them both into one sentence.

Actually neoliberal as the way r/neoliberal uses it is completely inaccurate too . Reaganism and Thatcherism are more true to the word neoliberalism than what  moderate liberalism is

People like to use it to as either a synthesis of classical liberalism and modern liberalism or simply old-school economic classical Laisiezfaire Conservative libertarian liberalism that is supported by more modern mathematics, psychology, and sociology.

[Hindsight was 2020]

Wow then you really know it’s a good stimulus

[Anti Democrat Democrat Club]

Silence, Republican!

[OSR stands with Israel]

Silence, Republican!

He’s not a Republican

[KaiserDave]

Who cares?

[Bootes Void]

UBS says US will see 8% GDP growth

[Interlocutor is just not there yet]

Good.

Yep.

[brucejoel99]

Silence, Republican!

He’s not a Republican

His takes certainly are, so he might as well be.

[Badger]

Given Summers was one of the leading figures in the neoliberal era , it seems like Biden isn’t even listening to a democratic figure from the era or else he wouldn’t go public like this

No, these are sour grapes from a ruling class has-been. I don't even think you can take his commentary literally. It's pretty clear that Summers believes that he is entitled to an audience and is embittered that Biden's administration doesn't care to grant him one

Couldn't put it better

[John Dule]

#KING

[Ancestral Republican]

Guys that’s been wrong about everything is wrong some more

Exactly. He's not a king, he's the sh**ttiest clown at the circus.

[John Dule]

Exactly. He's not a king, he's the sh**ttiest clown at the circus.

Rick Scott is not a clown. He is the entire circus.

You are not a clown. You are the entire circus.

Jeff, you are not a clown, you are the entire circus

You are not a clown, my guy. You are the entire circus.

You are not a clown. You are the entire circus.

hahaha i'm so original my sense of humor is kinda edgy you might not be prepared for it bucko 

[brucejoel99]

Guys that’s been wrong about everything is wrong some more

Exactly. He's not a king, he's the sh**ttiest clown at the circus.

The Clown Prince, if you will.

[snip]

hahaha i'm so original my sense of humor is kinda edgy you might not be prepared for it bucko 

That's nowhere near as good a comeback as you surely thought it was when you typed it out.

[John Dule]

That's nowhere near as good a comeback as you surely thought it was when you typed it out.

It wasn't a comeback. I'm just drawing attention to how uncreative you guys are.

[Bleach Blonde Bad Built Butch Bodies for Biden]

#KING

ok samuel smiles

[Amenhotep Bakari-Sellers]

After all the tax refunds get out there may be need for another stimulus, that's why Dems should wait on Reconciliation til August so that 1 more 1000 stimulus bill go out

2K checks should of been sent not 1400, that would have corrected this problem

Cali just sent out 600 more to EIC filers only which is a shame

[Left Wing]

Exactly. He's not a king, he's the sh**ttiest clown at the circus.

Rick Scott is not a clown. He is the entire circus.

You are not a clown. You are the entire circus.

Jeff, you are not a clown, you are the entire circus

You are not a clown, my guy. You are the entire circus.

You are not a clown. You are the entire circus.

hahaha i'm so original my sense of humor is kinda edgy you might not be prepared for it bucko  

I don’t think 6 uses of a joke over 5 months really proves anything nor does anyone you quoted claim to be “edgy”. Like some of these usages are not that funny but why do you care enough to comment on it lol

[Xing]

That’s all the evidence I need to say that the stimulus is a huge success.

[Okay, maybe Mike Johnson is a competent parliamentarian.]

Larry Summers is the Dick Morris of economics.

[Torie]

Almost every post here is a partisan or ideological observation about an economist who made a macroeconomic prediction. That seems misplaced to me. And Summers' prediction was hardly way out there: a third chance of inflation, a third chance of recession, and a third chance of a cake and eat it too outcome, of rapid growth with not much inflation. He simply believes the current policy entails taking unnecessary risks. On these matters I personally have no idea who is right. But I don't think Summers is making an ideologically based assessment, or a disingenuous one.

[Ancestral Republican]

That's nowhere near as good a comeback as you surely thought it was when you typed it out.

It wasn't a comeback. I'm just drawing attention to how uncreative you guys are.

What I wrote was fundamentally different than the others you mentioned. And even if it wasn't, who cares? This guy sucks for saying this and whatever you posted. I hope there's nobody like Summers in the Biden administration.

[Ferguson97]

If Larry Summers is upset, it must be a good plan.

[StateBoiler]

My criticism of the multiple stimulus plans is they're just handouts. There's no sense from either party of actually fixing structural problems (because that requires hard work and intelligence). Any idiot can spend money, that does not take talent. I'll meet you at a Las Vegas casino and we can find a bunch of drug addicts and drunks that can spend money. What concerns me is if Republicans under Trumpian philosophy have abandoned small government ideology (which to me it seems they have) we're now going to have both parties competing for who can give out the biggest handouts (that was Trump's strategy in 2020 post-Covid to win reelection), which is a great way to economically ruin this country once the Chinese and others stop buying treasuries, because remember selling treasuries is the only way the federal government are even allowed to run deficits.

[brucejoel99]

[snip]

hahaha i'm so original my sense of humor is kinda edgy you might not be prepared for it bucko  

I don’t think 6 uses of a joke over 5 months really proves anything nor does anyone you quoted claim to be “edgy”. Like some of these usages are not that funny but why do you care enough to comment on it lol

hahaha i'm so non-conformist that i'm kinda edgy about it you might not be prepared for it bucko 

[Kingpoleon]

Almost every post here is a partisan or ideological observation about an economist who made a macroeconomic prediction. That seems misplaced to me. And Summers' prediction was hardly way out there: a third chance of inflation, a third chance of recession, and a third chance of a cake and eat it too outcome, of rapid growth with not much inflation. He simply believes the current policy entails taking unnecessary risks. On these matters I personally have no idea who is right. But I don't think Summers is making an ideologically based assessment, or a disingenuous one.

The problem here is that Summers is not Mankiw or Acemoglu - he is the Paul Krugman of neoliberalism, in that he is very often wrong because his ideological rationalism often gets in the way of objective empiricism. His pretensions are unconvincing because he does not say that the package is “unduly targeted” (a sensible claim easily made and easily proven) but because he insists upon projection. Economists, especially more mainstream ones, are VERY bad at projections.