SUMMERS'S SUMMERY PREDICTION - AT 2:55 P.M. ET:  From The New York Times:

Lawrence Summers, President Obama’s top economics adviser, said this morning that he saw early signs that the economic crisis was beginning to ease. But he emphasized that the crisis would not end anytime soon.

Mr. Summers seemed to have three main goals in his talk, which was delivered at the Brookings Institution in Washington. The first was arguing that the Obama administration was sufficiently focused on the financial crisis. The second was connecting its longer-term plans, like an overhaul of the health-care system, to the resolution of the crisis. And the third was projecting confidence that the crisis would indeed end.

COMMENT:  Larry Summers is a good man who was a breath of fresh air when he was president of Harvard...until his ouster because the air was too fresh.  I hate to see him reduced to spouting the latest Obama talking points, which is what he was doing today.  No real news here.

March 13, 2009