Reports of Larry Summers' influence within the White House may have been greatly exaggerated.
Summers, the economist and veteran of the Clinton and Obama administrations, authored a Washington Post op-ed published Thursday that took aim at the size of President Biden's $1.9 trillion economic stimulus bill. The op-ed "puts down on paper what many liberal wonks have been whispering about for weeks," Politico reports, but got overwhelming criticism from lawmakers, left-leaning analysts, and economists on Twitter. And as people close to the White House tell the Post's Jeff Stein, the Biden administration is among those unconcerned with Summers' predictions.
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