Biden after meeting Summers this morning:
“No, I don’t think it is,” Biden said when asked if a recession is more likely than ever. “I was talking to Larry Summers this morning and there’s nothing inevitable about a recession.”
:yea:
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What the fuck is Summers talking about there was a 5% or more jobless rate from 1969 to 1996 and it didn’t do jack shit about inflation one way or the other. There was no correlation. If he was honest he’d probably say 8% or 10% for 5 years, that could break the economy. Except unlike the 70s there ain’t nothing left to privatize or financialize (well, we’ll see I guess) you only get to do neoliberalization once fucker.
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