“‘Privately, Yellen agreed with Summers that too much government money was flowing into the economy too quickly,’ writes OWEN ULLMANN, the book’s author and a veteran Washington journalist, referring to former Treasury Secretary LAWRENCE SUMMERS, who severely criticized the size of the aid plan. Now Bloomberg reports that in a new book about JANET YELLEN, the Treasury secretary was an early internal dissenter: That’s just one example of the work we’re doing to create safer connections. That’s nearly 60 times the population of Washington, D.C. Over 40 million people use Facebook Privacy Checkup each month. Evidence of a great debate between competing camps has been slim.įacebook is taking action to keep its platform safe One of the questions about the Biden administration has been whether there was anyone inside offering the president an alternative economic argument about inflation. “I want every American to know that I’m taking inflation very seriously and it’s my top domestic priority,” Biden said in May, more than a year after the American Rescue Package debate.ĭemocrats will be arguing over who got what wrong on inflation for years to come. It had two devastating effects: It made inflation worse, and it created a political environment that torpedoed what most Democrats saw as the more important and ambitious legislative priorities of Build Back Better. He ordered up a stimulus package much larger than the economy required. That experience set the stage for the subject of the great debate of JOE BIDEN’s year one: inflation.īiden’s economic advisers dismissed the prospects of inflation, then later argued that it was “transitory” and nothing to worry about. They couldn’t, and an anemic recovery followed. They told themselves that they could always go back to Congress for more.
In 2009, BARACK OBAMA’s economic team made a fateful decision that its stimulus package could not be larger than a trillion dollars. “All right, you’ve covered your ass now,” Bush said dismissively after his intelligence briefer presented the famous “Bin Ladin Determined to Strike US” memo the month before the 9/11 attacks. The dominant foreign policy players in the Bush administration were skeptical of the Clinton-era focus on terrorism BUSH’s young presidency was over how serious he took the threat from al-Qaida before 9/11. “You mean to tell me that the success of the program and my reelection hinges on … a bunch of f-ing bond traders?" Clinton famously said at one key meeting. Liberals thought he needn’t pay too much attention, and moderates, who won, argued that attacking the deficit would appease bond traders, thus lowering interest rates and unleashing economic growth. In 1993, the great debate in BILL CLINTON’s White House was about deficit reduction. Sometimes it’s obvious, other times it’s only apparent in hindsight. JUST POSTED - Maureen Dowd on “Johnny and Amber: Trouble in Paradise”īIDEN’S GREAT DEBATE - In the first year of most new administrations there is often one great debate that comes to define the president’s term. Stars who were both in attendance and watching at home had a lot to say about the drama - from Rock’s “joke” to Smith’s slap.A new book about Janet Yellen says the Treasury secretary was an early internal dissenter on the size of the American Rescue Plan.
There is no place for violence in a world of love and kindness.” I am embarrassed and my actions were not indicative of the man I want to be. “I would like to publicly apologize to you, Chris,” Smith wrote via Instagram on March 28. He later apologized directly to the presenter the following day in a lengthy statement. Just like they said about Richard Williams. “Art imitates life: I look like the crazy father. I want to apologize to all my fellow nominees,” he added. The 7 Pounds actor also apologized to several people for his behavior - though not explicitly to Rock. And you got to smile, you got to pretend like that’s OK.” In this business you got to be able to have people disrespecting you. You got to be able to have people talk crazy about you. I know to do what we do, you got to be able to take abuse. “I’m being called on in my life to love people and to protect people and to be a river to my people. Richard Williams was a fierce defender of his family,” Smith said, relating his behavior to that of Serena and Venus Williams’ father, the role he played in the film. Will Smith and Chris Rock Rob Latour/Shutterstock