Tuesday, 13 September 2011 06:01
'In an article written for Newsweek, Lawrence Summers commented on US President Barack Obama's short-term plan, saying, “We need not a one-year but a 10-year commitment to rebuilding the country.”
Summers, who was treasury secretary under President Bill Clinton, said the United States is underperforming, millions are out of work, and tens of millions have depressed incomes.
Referring to Obama's recent address to Congress on job creation, he added, “Obama was clear about what everyone, from storekeepers to economists, from corporate CEOs to unemployed workers, knows: until there is more demand for their products, firms will not hire more workers.”'
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