Top economic policy voice under Obama & Clinton says $2,000 stimulus checks could OVERHEAT economy... and even $600 is too much ...News

Larry Summers, a lead player in Democrat financial policies since the 1990s, triggered left-wing outrage by suggesting that sending Americans $2,000 stimulus checks amid the Covid-19 pandemic could cause the economy to overheat. “I'm not even sure I'm so enthusiastic about the $600 checks, and I think taking them to $2,000 would actually be a pretty serious mistake that would risk a temporary overheat,” Summers said Thursday in a Bloomberg TV interview. The former Harvard University president added that he would like to see more money allocated to bail out financially troubled local governments, but promoting consumer spending shouldn'

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