Summers: ‘We Do Need To Think About What We Can Afford To Do Given The Capacity Of Our Economy’

Former Treasury Secretary to President Clinton and top economic advisor to President Obama, Larry Summers, joins Andrea Mitchell to advocate for a more targeted COVID relief bill and to push legislators "to think about what we can afford to do given the capacity of our economy.” Aired on 02/08/2021.

About Andrea Mitchell: Andrea Mitchell is NBC News’ chief foreign affairs correspondent and host of MSNBC's "Andrea Mitchell Reports," an hour of political news and interviews with top newsmakers that airs each weekday at 12 p.m. ET on MSNBC.

In addition to politics, Mitchell covers foreign policy, intelligence and national security issues, including the diplomacy of Secretary of State John Kerry, for all NBC News and MSNBC properties.

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Summers: ‘We Do Need To Think About What We Can Afford To Do Given The Capacity Of Our Economy’

[bobheck]

If the rich start paying their fair share people won't suffer.

[chrisdurgin]

They bailed out wall st. Also tax cuts.
It's our money the people need the help.
Go big or go home.

[faithhenderson]

Have those that are paid 6 six figures to donate a month salary, especially those republicans whom gave that tax brake to the 1%.

[gogators]

People need those stimulus checks man! THEY NEED THEM! They need to get this through FAST!

[henryfriday]

*No 1: Don't Only Hope On Government's Responds On security Matter's And Economy growth, *

*No 2: As An Individual You Should Be Safeguarded And Also Look For Different Self Business And Trade Not Only Waiting on Betterment of Stock market activities, *

*No 3: Most Important Always Save The Little You Can And Think Of What To Do With It When It Become Good For Capital.*

*Because Government Have Failed Us In Aspect Of Security, Economics Activities And Other Trading Systems*

[mrborgranpa]

I feel President Biden should go bigger without Republican support. Benefits haven`t been received yet because of Trump allowed them to expire in December. Almost 2 months the states have delayed the relief. Republicans have delayed all but one relief package. So I say to President Biden GO BIG without delay.

[danielkruger]

Suicides are growing. Isn't it important to give people hope that the government actually wants to help the 90%?

[susancruisin]

Did he just say inflation? Has he been to the grocery store lately?

[orangejuicy]

Larry Summers is a rich person who only cares about the rich. I want the administration to have an economic advisor that’s made less than $100, 00 for the majority of their career.

[richardtaylor]

Yes. A more across the board bill would be better. But people like Sommer s don't seem to realize that just growing the economy isn't enough. There are way too many people struggling in our healthy economy!

[KaiseruSoze]

Let me paraphrase, "I agree with everything except I don't"

[misterhat]

Goldman-Sachs? Yep, we know whose payroll this guy's on.

[kathrynshaw]

The Biden-Harris Team has already made their position clear. First, they intend to provide some temporary assistance to the public during the pandemic. Then, they will address long term concerns like jobs development and training. It's more important that they resolve to do this right, than that they have too many people lost in the process. It's likely that the next market correction will sweep these families completely off their feet without an additional Stimulus Package quickly. Timing is everything.

[kevinmoore]

Jesus, Andrea. Why on earth would you give Larry Summers air time? Your brilliant work over the last few years had made me finally stop condemning you by association for the sins of Alan Greenspan and now you do this? Summers has been consistently, embarrassingly, dangerously, and shamefully wrong. He fails upwards like a sports coach who's never had a winning season but gets hired on name recognition and "experience". On top of that, Summers has a highly questionable record on corruption and malfeasance in connection with his positions at educational institutions. But most importantly, he was dead wrong in 2009 and he's dead wrong now. "Austerity", like "trickle down economics", has been given extensive real world testing and is now thoroughly debunked. And yet this stubborn narcissist continues to double down on his past horrific miscalculations. He should never EVER be allowed anywhere near a television camera. The damage he did after the last meltdown was incalculable. The only question with Summers is the degree to which his bad advice is based on stubbornness, versus stupidity, versus corruption. We wouldn't have to answer that question if you wouldn't shove him into our face and allow him to do further damage to our fragile economy in this time of extreme crisis.

[faithhenderson]

just do it and go unity on something else.

[lexruptor]

The answer to the question of how much is more than $1, 400, get in touch with the people a bit, at least pretend to have a soul

[madelinemenor]

Americans should have been receiving relief monthly this whole time !!

[THATBOISHAD]

Why did y'all give him air time🤦🏾‍♂️

[soldierofpeace]

They don’t get it !
Could they send the information memo outline on how to spend 600 or 1400 if coming, , , how to stretch it far enough to cover food rent electrical bill car bill gas for car to go to work interview if you get one, telephone bill
I had a job got furloughed on March 15 can not find a job since I have borrowed over 10, 000 so far, yes please send the instruction

[kbstrong]

Create some jobs improving infrastructure!👍🏻