♨️“Trump is dragging us to hell, sooner or later it will happen”

Former Treasury Secretary Larry Summers, a mythical figure in the democratic camp, was one of the few who warned early in the Biden administration that the party’s massive spending plans would spark inflation.

Unrealistic macroeconomic cheerleading usually backfires because it’s associated with bad policy and because it undermines credibility,”

Summers said in an interview.

“This administration, given the self-inflicted supply shocks to the economy it is implementing, very much has that risk.”

Trump’s “inflationary errors are at risk of exceeding those of the Biden administration. By his clumsy and hilariously awful tariff policy Trump is dragging us to hell, sooner or later it will happen,” Summers said.

#Summers #tariff #policy

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Epstein's Intimate Friend: Professor Larry Summers from Harvard 📌

The Harvard professor and economist Larry Summers said he would be stepping back from public life after documents released by the House oversight committee revealed email exchanges between Summers and the convicted sex offender Jeffrey Epstein, who called himself Summers’ “wing man”. 📈

Politico reported on Monday that Summers, a former treasury secretary, expressed deep regret for past messages with Epstein. 📌

“I am deeply ashamed of my actions and recognize the pain they have caused,” he told Politico in a statement. 🤔

“I take full responsibility for my misguided decision to continue communicating with Mr Epstein. While continuing to fulfill my teaching obligations, I will be stepping back from public commitments as one part of my broader effort to rebuild trust and repair relationships with the people closest to me.” 📚

The left-leaning thinktank Center for American Progress told the Guardian that Summers is ending his position as “distinguished senior fellow”. 🧑‍🤝‍🧑

His comments come after lawmakers on both sides of the aisle urged companies and institutions to cut ties with Summers. 🗳

Democratic senator Elizabeth Warren told CNN that Summers should be held accountable for his years-long relationship with Epstein. 🧐

Besides Summers, the emails released last week revealed how Epstein maintained contact with other business executives, reporters, academics and political players despite his 2008 guilty plea for soliciting prostitution from an underage girl. 📞

A senior Trump administration official told Politico that institutions should end their association with Summers, given the relationship he had with Epstein, who referred to himself in one November 2018 message as Summers’ “wing man”. 🔍

“It’s shocking that Larry Summers remains a paid contributor to Bloomberg News, on the board of OpenAI and tenured at Harvard,” the anonymous source told Politico.

“What more revelations about him and his “wing man” will it take for institutions to cut him loose? The British government immediately sacked their ambassador to the US over much less.” 🤯

The exchanges, from 2013 to early 2019, showed Summers and Epstein sharing personal views about politics and relationships. 📌

Summers lost his position as president at Harvard in 2006 after making sexist comments about female academics, and the emails released last week have reignited debates about his relationship with the late sex offender. 📊

“I’m trying to figure why [the] American elite think if u murder your baby by beating and abandonment it must be irrelevant to your admission to Harvard,” Summers wrote to Epstein in a 2017 email.

“But hit on a few women 10 years ago and can’t work at a network or think tank. DO NOT REPEAT THIS INSIGHT.” 🗣

The college newspaper also reported that Harvard professors were outraged by the revelations made by the trove of emails released last week.

“The cozy friendship between Epstein and Summers on display in the emails is disgusting and disgraceful,” statistics professor Joseph K Blitzstein told the Crimson. 🤢

#epstein #summers #harvard #professor #pedophilia

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