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Summers: Economy Still Contracting

By on 4.27.09 @ 4:30PM

Finally, some honesty from the Obama administration about something.

The U.S. economy will continue to contract "for some time to come," says Lawrence Summers, director of the White House National Economic Council.

"I expect the economy will continue to decline," with "sharp declines in employment for quite some time this year," Summers said yesterday on "Fox News Sunday."

About the Author

Matthew Vadum is an award-winning investigative journalist at a conservative watchdog group in Washington, D.C. Vadum is also author of Subversion Inc: How Obama's ACORN Red Shirts are Still Terrorizing and Ripping Off American Taxpayers.

http://spectator.org/blog/2009/04/27/summers-economy-still-contract
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