Summers Stresses Country Must Summon Confidence to Stop Recession

Larry Summers, the top economic adviser to President Obama, said today that even though the country's recent excessive optimism may have helped trigger the current recession, the resulting lack of confidence is now hurting its chances of recovery. "It is this transition from an excess of greed to an excess of fear that President Roosevelt had in mind when he famously observed that the only thing we had to fear was fear itself," he said. The director of the National Economic Council...Full Story
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