Larry Summers Believes The Stimulus Package Should Have Been its Original target of $1.2 Trillion

“Larry Summers, the former chief economic strategist for President Barack Obama, says the massive economic stimulus package passed by Congress at the urging of the White House should have been even larger.

The stimulus bill passed in 2009 ended up at $787 billion and a lot of that money is still being doled out. Yet Summers contends in a recent interview that the figure the administration wanted — $1.2 trillion — would have been the better choice. ”

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