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Photo Credit: The Economic Club of Washington, D.C./Joshua Roberts

The Honorable Larry Summers

Director, National Economic Council | April 09, 2009
Discussed national economic policy.

Summers offered an upbeat outlook regarding the prospects for the beginning of economic recovery by the end of 2009 although he said that job growth might continue to be sluggish for some time to come. To ensure solid economic recovery, Summers said, “That’s why the President’s emphasis on healthcare, the  President’s emphasis on infrastructure, the President’s emphasis, in particular, on restructuring the energy economy, aren’t luxuries to be deferred at a time when we have a weak economy. They are actually an integral part of a strategy for having a different kind, a more sustained kind, of economic expansion. That really needs to be our objective so, that these next years are not just a period of recovery but a period of renewal as well.”

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