Changes

[[Image:LarrySummers.jpg|thumb|right|300px]]

[[Image:LarrySummers.jpg|thumb|right|300px]]

Lawrence Henry ("Larry") Summers (b. 1954) is an economist who served as the [[United States Secretary of the Treasury|Secretary of the Treasury]] in the final year and a half of the Clinton administration.  From there he was selected to be the 27th President of Harvard University, considered to be the top position in academia.

Lawrence Henry ("Larry") Summers (b. 1954) is an economist who served as the [[United States Secretary of the Treasury|Secretary of the Treasury]] in the final year and a half of the Clinton administration.  From there he was selected to be the 27th President of Harvard University, considered to be the top position in academia. Lawrence Summers currently is the Director of the [[White House]]'s [[National Economic Council]] (NEC) for President [[Barack Obama]].

He served as President of Harvard from 2001 to 2006, when he was forced to resign for merely suggesting that the wide disparities between men and women in science, math and engineering may be due to innate differences in their aptitude or preference for those fields.  His mere suggestion of this, delivered in a speech to academics, caused an uproar by [[liberals]] that led to his ouster.

He served as President of Harvard from 2001 to 2006, when he was forced to resign for merely suggesting that the wide disparities between men and women in science, math and engineering may be due to innate differences in their aptitude or preference for those fields.  His mere suggestion of this, delivered in a speech to academics, caused an uproar by [[liberals]] that led to his ouster.

=== Larry Summers - Corrupt and Incompetent Chief Economic Advisor to Obama ===

=== Larry Summers - Corrupt and Incompetent Chief Economic Advisor to Obama ===

Lawrence Summers is the Director of the [[White House]]'s [[National Economic Council]] (NEC) for President [[Barack Obama]]. The NEC was established to advise the U.S. President on U.S. and global economic policy.<ref>http://www.whitehouse.gov/administration/eop/nec/</ref> Larry Summers favored the bailouts of Wall Street firms and banks.<ref>http://blogs.abcnews.com/george/2009/02/obama-administr.html</ref>  A 2005 study found that government corporate bailouts are often done for mere political considerations and the economic resources allocated exhibit significantly worse economic performance than resources allocated using purely business considerations.<ref>http://papers.ssrn.com/sol3/papers.cfm?abstract_id=676905</ref>

As noted earlier, Lawrence Summers is the Director of the [[White House]]'s [[National Economic Council]] (NEC) for President [[Barack Obama]]. The NEC was established to advise the U.S. President on U.S. and global economic policy.<ref>http://www.whitehouse.gov/administration/eop/nec/</ref> Larry Summers favored the bailouts of Wall Street firms and banks.<ref>http://blogs.abcnews.com/george/2009/02/obama-administr.html</ref>  A 2005 study found that government corporate bailouts are often done for mere political considerations and the economic resources allocated exhibit significantly worse economic performance than resources allocated using purely business considerations.<ref>http://papers.ssrn.com/sol3/papers.cfm?abstract_id=676905</ref>

A government watchdog group reports the following conflicts of interest of Larry Summers:

A government watchdog group reports the following conflicts of interest of Larry Summers: