Wednesday, March 16, 2011

Japan Earthquake Good for the Global Economy?

It is a sad day in the USA when so-called leading economists actually claim that the recent earthquake/tsunami in Japan will actually help to stimulate the economy.

For example, Larry Summers, president emeritus of Harvard University and former director of the White House National Economic Council, recently told CNN...

"It may lead to some temporary increments, ironically, to GDP, as a process of rebuilding takes place."
Read the full article

Mr. Summers reminds me of another wacko with an evil slant...

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