That was necessary because some readers of Robert Shiller's column in today's NYT might have been misled into believing that the head of President Obama's National Economic Council was one of those warning of the current crisis. In fact, the opposite was the case.
Mr. Summers, along with Alan Greenspan, was one of the high priests of the everything is just fine school. If he did see the housing bubble and recognized the disaster that would result from its collapse, he was extremely effective in keeping this insight to himself.
A second Trump administration will cement a right-wing majority on the Supreme Court for a generation, and put our collective future in the hands of someone who will be virtually unchecked by our institutions. The country has shifted rightward, and the reverberations will ensue for potentially the next few decades. In this climate, a robust independent media ecosystem will be more important than ever. We're committed to bringing you the latest news on how Trump's agenda will actually affect the American people, shining a light on the stories corporate media overlooks and keeping the public informed about how power really works in this country.
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