1/Zach has the history right (again). I doubt the current political leadership read the book where Summers et al explained what they did, unless they look at borrowed copies. Here it is: https://t.co/4gyFiagaj3

2/ But the summary is that Summers, Geithner, Orszag, Emanuel agreed on telling Obama and Biden in December 2008 that about $800b was an adequate stimulus. Would lower unemployment just below 8% by late 2010. Romer thought $2.1T or $1.7T was needed to achieve full employment.
3/ They wouldn't let her make the case in writing for $1.2T because her number could leak. The reasons for $800b were: they wanted the bill passed by February, so they could move on to health care reform and cap and trade; they had no ways to spend more;
4/ spending more might kick off inflation or cause markets to fall for fear of inflation; that might lead to more bank runs; more bank runs might require a second TARP so they couldn't ask Congress for too much for recovery; Pelosi would give them whatever they asked
5/ for but they didn't think they could get the needed 1 or 2 R Senators quickly if they asked for more; they wanted 60 but had only 58 D Senators; popular "moonshots" or signature items in the package would take too long (Biden asked for that);
6/ building big (infrastructure) was mostly ruled out on grounds economy would have recovered before projects could get underway; if $800 was not enough they could always go back to Congress to get more; there couldn't be tax cuts to attract Rs; Emanuel lowered
7/ the number to $675-$775 because Senate would drive it up (that didn't happen); to get more money they would have tell American people how bad things were but they didn't want to harm confidence.
8/ But their assumptions about the economy in the future were wrong; not the long term future but actually December 08 - February 09 data showed that $800b would not drop unemployment rate below 8% by the
9/ midterms in 2010. In early January the data gave a chance to rethink stimulus size; not taken. Rate hit 10%. The Ds lost majority in House in 2010, effectively crippling Obama legislative agenda for next six years. Thanks to Geithner's real cunning, banks quickly recovered.
10/ But private sector investment fell far below savings for the decade. Krugman in 2017 calculated that the investment shortfall for Obama era was $7 trillion. For example, a $1 trillion infrastructure bill causing $6 trillion in private spending by now would have
11/USA leading world in carbon to clean transition, robust affordable broadband and public health, etc. Historian F. W. Maitland wrote: "We should always be aware that what now lies in the past once lay in the future."
12/ The reason I did four dozen interviews of the actors in winter of 2008-9 was not to blame them with benefit of hindsight. In fact, when I did the interviews the worst of the results was far from imaginable, that being Trump. My goal was to record what was decided and why
13/ so one could examine record for learnings about what to do in next crisis. That is where we are. Joe Biden and his team appear to have learned what needed learning from the past. Especially Jared Bernstein has clearly decided things should be done differently now. Godspeed!

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हिमालय पर्वत की एक बड़ी पवित्र गुफा थी।उस गुफा के निकट ही गंगा जी बहती थी।एक बार देवर्षि नारद विचरण करते हुए वहां आ पहुंचे।वह परम पवित्र गुफा नारद जी को अत्यंत सुहावनी लगी।वहां का मनोरम प्राकृतिक दृश्य,पर्वत,नदी और वन देख उनके हृदय में श्रीहरि विष्णु की भक्ति अत्यंत बलवती हो उठी।


और देवर्षि नारद वहीं बैठकर तपस्या में लीन हो गए।इन्द्र नारद की तपस्या से घबरा गए।उन्हें हमेशा की तरह अपना सिंहासन व स्वर्ग खोने का डर सताने लगा।इसलिए इन्द्र ने नारद की तपस्या भंग करने के लिए कामदेव को उनके पास भेज दिया।वहां पहुंच कामदेव ने अपनी माया से वसंतऋतु को उत्पन्न कर दिया।


पेड़ और पौधों पर रंग बिरंगे फूल खिल गए और कोयलें कूकने लगी,पक्षी चहकने लगे।शीतल,मंद,सुगंधित और सुहावनी हवा चलने लगी।रंभा आदि अप्सराएं नाचने लगीं ।किन्तु कामदेव की किसी भी माया का नारद पे कोई प्रभाव नहीं पड़ा।तब कामदेव को डर सताने लगा कि कहीं नारद क्रोध में आकर मुझे श्राप न देदें।

जैसे ही नारद ने अपनी आंखें खोली, उसी क्षण कामदेव ने उनसे क्षमा मांगी।नारद मुनि को तनिक भी क्रोध नहीं आया और उन्होने शीघ्र ही कामदेव को क्षमा कर दिया।कामदेव प्रसन्न होकर वहां से चले गए।कामदेव के चले जाने पर देवर्षि के मन में अहंकार आ गया कि मैने कामदेव को हरा दिया।

नारद फिर कैलाश जा पहुंचे और शिवजी को अपनी विजयगाथा सुनाई।शिव समझ गए कि नारद अहंकारी हो गए हैं और अगर ये बात विष्णु जी जान गए तो नारद के लिए अच्छा नहीं होगा।ये सोचकर शिवजी ने नारद को भगवन विष्णु को ये बात बताने के लीए मना किया। परंतु नारद जी को ये बात उचित नहीं लगी।
Ivor Cummins has been wrong (or lying) almost entirely throughout this pandemic and got paid handsomly for it.

He has been wrong (or lying) so often that it will be nearly impossible for me to track every grift, lie, deceit, manipulation he has pulled. I will use...


... other sources who have been trying to shine on light on this grifter (as I have tried to do, time and again:


Example #1: "Still not seeing Sweden signal versus Denmark really"... There it was (Images attached).
19 to 80 is an over 300% difference.

Tweet: https://t.co/36FnYnsRT9


Example #2 - "Yes, I'm comparing the Noridcs / No, you cannot compare the Nordics."

I wonder why...

Tweets: https://t.co/XLfoX4rpck / https://t.co/vjE1ctLU5x


Example #3 - "I'm only looking at what makes the data fit in my favour" a.k.a moving the goalposts.

Tweets: https://t.co/vcDpTu3qyj / https://t.co/CA3N6hC2Lq