Michael Taft: Lawrence Summers, Director of President Obama’s National Economic Council, is articulating sound economic common sense(thanks to Michael Burke for the heads up on this):
‘It is not possible to imagine sound budgets in the absence of economic growth and solid economic performance.’
‘Appropriate short-run expansionary budget policy can make an important contribution to establishing the confidence necessary for sound growth.’
‘(It is) impossible to sensibly address either unemployment or long-run fiscal challenges in isolation.’
Anyone in the Irish Government want to take note?