Obama's Brilliant Economists
Quoting Victor Davis Hanson:
In 2009, brilliant economists in the Obama administration -- Peter Orszag, Larry Summers and Christina Romer -- assured us that record trillion-plus budget deficits were critical to prevent stalled growth and 10 percent unemployment. For nearly two years we have experienced both, but now with an addition $3 trillion in national debt. All three have quietly either returned to academia or Wall Street. [...]
The public might have better believed the deficit nostrums of former budget director Peter Orszag had he not retired after less than two years on the job to position himself for a multimillion-dollar billet at Citigroup -- itself a recent recipient of some $25 billion in government bailout funds.
Because it’s not enough to destroy the economy and blow up the national debt; to be a truly successful politician, you’ve got to take advantage of the situation and derive millions of dollars in personal profit from it.