Lawrence Summers, Treasury Secretary under Clinton and economic advisor to Obama, is likely getting himself into trouble once again with the Left.
While president of Harvard, he blurted out the obvious fact that men and women may be different, leading to a vote of no confidence by the faculty of Harvard, and since Biden’s election he has been critical of the president’s economic policies, warning that they were harming the economy.
Well, he’s done it again, this time in an economic paper that provides the explanation for what the Left calls the “vibesession”–the persistent belief by Americans that the economy is much worse than the official statistics indicate.
With higher rates, mortgage payments, car payments, and other credit payments required to finance everyday purchases have risen as well. It is not surprising that this would affect how consumers feel about the economy….
