Economic Disaster Coming?

On Monday President Obama held a “fiscal sustainability summit.”

Some critics dismissed the half-day gathering as a public relations stunt in the midst of galloping budget deficits. Last week saw the signing of the $787bn fiscal stimulus package, while this year’s budget deficit is expected to exceed $1,500bn

Although Lawrence Summers, head of the National Economic Council, fell asleep on the podium, most attendees, including Republicans, appear to have appreciated the exercise. 

Yes, at the Fiscal Sustainability Summit the head of President Obama’s National Economic Council fell asleep.

This entry was posted on Wednesday, February 25th, 2009 at 5:40 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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