Its interesting to hear that Larry Summers is leaving the Administration to go back to Harvard. He is now the third member of Obama’s economic team to leave in recent weeks to go back to university teaching.
The Annointed One’s vaunted economic advisers have had their shot to put their socialist plans into action and the results are dismal. Persistent high unemployment, huge and growing deficits for as far as the eye can see, a looming double dip recession … according to these wizards of smart none of this was supposed to happen.
Yet it has, and it continues.
So what’s one to do when your pet economic theories are proven not to work in the real world? Why, go back to college and resume teaching them there…
This only would make sense to an Ivory Tower liberal!