Summers ran Obama’s National Economics Council in 2009 and 2010. He was Treasury Secretary for President Bill Clinton, president of Harvard University from 2001 to 2006, and teaches there now.
His new prediction of high unemployment is silent about the impact of high immigration. Immigration is a priority for the Democratic Party because it is bringing millions of people who’re likely to vote Democratic in future elections.
Currently, four million Americans turn 18 each year, and the federal government imports 2 million permanent or temporary foreign workers each year, including a few hundred thousand illegals. – READ MORE
Obama’s First Economic Chief Says One-Third Of Men Will Be Jobless
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