No one can predict when this crisis will be resolved. But in resolution, I am confident there is enormous opportunity for both Americans and for the United States of AmericaSummers says U.S. will be better prepared Mar 13, 2009
The right macro-economic focus for the G20 is on global demand, and the world needs more global demandWalker's World: EU row looms for G20 Mar 10, 2009
We've got to spend money now, while we have a recession, while we've got this serious economic crisis, but as soon as the economy recovers, we are going to have find ways of getting the government's finances under some kind of controlSummers: Economy needs government spending Jan 25, 2009
We've got a problem of trust -- people trusting their money and financial institutions, financial institutions trusting each other, the whole economy trusting the government policy frameworkUBS leader: Not helping Lehman a mistake Oct 12, 2008
Thanks largely to the (American Reinvestment and) Recovery Act, alongside an aggressive financial stabilization plan and a program to keep responsible homeowners in their homes, we have walked a substantial distance back from the economic abyss and are on the path toward economic recoveryStimulus working, Summers tells GOP Oct 12, 2009
Lawrence Henry Summers (born November 30, 1954) is an American economist. He served as the 71st United States Secretary of the Treasury from 1999 to 2001 under President Bill Clinton. He was Director of the White House United States National Economic Council for President Barack Obama until November 2010. Summers is the Charles W. Eliot University Professor at Harvard University's Kennedy School of Government. He is the 1993 recipient of the John Bates Clark Medal for his work in several fields of economics.
Summers also served as the 27th President of Harvard University from 2001 to 2006. Summers resigned as Harvard's president in the wake of a no-confidence vote by Harvard faculty that resulted in large part from Summers's conflict with Cornel West, financial conflict of interest questions regarding his relationship with Andrei Shleifer, and a 2005 speech in which he suggested that the under-representation of women in science and engineering could be due to a "different availability of aptitude at the high end," and less to patterns of discrimination and socialization.
Summers has also been criticized for the economic policies he advocated as Treasury Secretary and in later writings. In 2009, he was tapped by President Obama to be the director of the White House National Economic Council.