Update 2: Bloomberg Interview: Video Up…Larry Summers backs off Obama Administration forecast of 4.00% GDP in 2011..
Update 2: Gee Larry gave an awful lot of ‘Exclusive’ interviews today LOL. Here is Bloomberg:
Maria Bartiromo is doing an EXCELLENT interview with Larry Summers on CNBC now..
She is cornering him left and right and really nailing him down on answers
Heh- He just backed WAAAY OFF the Administration’s 4.00% GDP for 2011, waaaay off
Then she followed up in a one-two with a, ‘well okay if the economy does not grow at 4.00 in 2011 are you prepared to tell him, Obama, to back off raising taxes on top earners?’
He won’t answer, wiggle wiggle, it is expiring Bush Tax cuts he keeps saying, she got him anyway
I will get it up right away when CNBC loads it
Right now, Dow down 102 to 7954, NAS down 20 to 1622 S & P down 11 to 846..