Larry Summers's Tax Cut Plea Falls on Deaf Old Media Ears |
| Published: December 20, 2007, 9:21 pm |
| Tags: 2008 presidential, budget, business coverage, campaigns amp amp elections, economy, housing, taxes, larry summers, online media, wire services media companies, associated press, baltimore sun, google, investors business daily, wall street journal, washington post, major |
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When Larry Summers suggested in early 2005 that, as paraphrased by Slate's William Saletan, "innate differences between the sexes might help explain why relatively few women become professional scientists or engineers," the outcry was immediate, furious, and went to saturation level virtually overnight. The controversy ultimately led to his resignation a year later as Harvard President. On Wednesday, Mr. Summers, a Democrat who was once Treasury Secretary under Bill Clinton, made a recommendation in his area of expertise -- that is, that a tax cut would be a good idea to protect against a possible recession. (Yours truly doesn't believe that a recession is anywhere near occurring. But hey, I've said since May, and several times since [here, here, and here, among others] that a tax cut is needed anyway to keep the economy chugging along at a good rate. So if panicked pols want to enact a tax cut for the wrong reason, I'll take it.) Old Media reaction to Summers has been [ Full article ] |
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