A Conversation with Larry Summers and Robert Rubin

Robert Rubin and Larry Summers are two of the most respected voices on the economy. They both served as Treasury Secretary in the Clinton administration and now they are advising Senator Barack Obama's presidential campaign. I recently spoke to them about today's economic crisis and what the next president's economic agenda should look like. Here's a look at that conversation:

Comments

[AlCzervik]

Charlie,
They seemed to say that immediate action is needed to keep things from getting worse but they also said that this won't be as bad as the Great Depression. It seems like they're more worried than they wanted to let-on.
Your economic coverage this week has been excellent. The panel on Monday was top-notch.

[GF646]

Unfortunately, these two guys helped the Clinton administration place serving Wall Street before serving the American worker. They support the policy of "privatizing profits and socializing losses". When Wall Street Greed overwhelms the market system, they want the American taxpayer to bailout the bankrupt corporations. By the way, do either one of these guys ever mention that corporates executives, who were paid hundreds of millions of dollars in salaries while their companies when down the drain, should give back some of this money? No, because the bubble-and-bail business model works so well for Wall Streeters.