{"id":542849,"date":"2021-05-27T12:51:13","date_gmt":"2021-05-27T16:51:13","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=542849"},"modified":"2021-05-27T12:51:15","modified_gmt":"2021-05-27T16:51:15","slug":"larry-summers-democrat-stimulus-policy-is-overdoing-it","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/larry-summers-democrat-stimulus-policy-is-overdoing-it\/","title":{"rendered":"Larry Summers: Democrat stimulus policy is \u2018overdoing it\u2019"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Flarry-summers-democrat-stimulus-policy-is-overdoing-it%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=542849&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"attachment_2413414\" class=\"wp-caption aligncenter\">\n<p id=\"caption-attachment-2413414\" class=\"wp-caption-text\">In this Friday, May 20, 2021, photo, a fuel truck driver checks the gasoline tank level at a United Oil gas station in Sunset Blvd., in Los Angeles. The average U.S. price of regular-grade gasoline jumped 8 cents over the past two weeks, to $3.10 per gallon. (AP Photo\/Damian Dovarganes)<\/p>\n<\/div>\n<h5>OAN Newsroom<br \/>UPDATED 7:08 AM PT \u2013 Thursday, May 27, 2021<\/h5>\n<p>Former Treasury Secretary Larry Summers has cautioned the current administration about the potential risk of rising inflation.<\/p>\n<p>During a pre-taped <a href=\"https:\/\/www.coindesk.com\/consensus-summers-inflation-fiscal-monetary-policy-fed-punch-bowl-staggering?jwsource=cl\">interview<\/a> released Wednesday, Bill Clinton\u2019s former cabinet secretary continued to issue a warning about the possible fallout of injecting trillions of dollars into the economy. He said while such measures were needed at the beginning of the coronavirus pandemic, they have become excessive at this point.<\/p>\n<p>\u201cSo I think we\u2019re taking very substantial risks on the inflation side and we\u2019re taking them well after there was a need to hedge against the deflation possibility, so I think policy is rather overdoing it,\u201d he stated.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Biden inflation is here and prices are only going up. <a href=\"https:\/\/t.co\/9rMexD8STf\">pic.twitter.com\/9rMexD8STf<\/a><\/p>\n<p>\u2014 GOP (@GOP) <a href=\"https:\/\/twitter.com\/GOP\/status\/1397314590137098242?ref_src=twsrc%5Etfw\">May 25, 2021<\/a><\/p>\n<\/blockquote>\n<p>Summers has routinely spoken out against current Treasury Secretary Janet Yellen who has downplayed the likelihood of inflation and advocated for additional spending measures.<\/p>\n<h4>MORE NEWS:&nbsp;<a href=\"https:\/\/www.oann.com\/doug-wardlow-says-ariz-attorney-general-needs-to-ensure-election-integrity\/\">Doug Wardlow Says Ariz. Attorney General Needs To Ensure Election Integrity<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>In this Friday, May 20, 2021, photo, a fuel truck driver checks the gasoline tank level at a United Oil gas station in Sunset Blvd., in Los Angeles. The average &#8230;<\/p>\n","protected":false},"author":1,"featured_media":1893664,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-542849","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/542849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=542849"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/542849\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1893664"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=542849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=542849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=542849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}