I would really love to hear explained how the National Post’s John Ivison can write a column on Larry Summers’ appearance as a fiscal expert at the Liberal convention (see here) and miss mentioning his Harvard past and fiscal record.
It’s well-known that Summers was forced out of the Harvard presidency for making comments deemed by many as hugely sexist (see here) but most telling was Ivison prattling on about his economic credentials without letting his readers know about Summers’ life on Wall Street and as presidential advisor:
And Summers has made a lot of errors in the past 20 years, despite the eminence of his research. As a government official, he helped author a series of ultimately disastrous or wrongheaded policies, from his big deregulatory moves as a Clinton administration apparatchik to his too-tepid response to the Great Recession as Obama’s chief economic adviser.
Summers pushed a stimulus that was too meek, and, along with his chief ally, Treasury Secretary Timothy Geithner, he helped to ensure that millions of desperate mortgage-holders would stay underwater by failing to support a “cramdown” that would have allowed federal bankruptcy judges to have banks reduce mortgage balances, cut interest rates, and lengthen the terms of loans.
At the same time, he supported every bailout of financial firms. All of this has left the economy still in the doldrums, five years after Lehman Brothers’ 2008 collapse, and hurt the middle class. Yet in no instance has Summers ever been known to publicly acknowledge a mistake. (see here)
Tell me how a columnist who brags about playing tennis with Mark Carney (see here) still has a job at the National Post for missing these obviously important details?
Also: See earlier post on me catching Andrew Coyne doing the same with Andrew Leslie here