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Does Larry Summers Need a Break?

Posted by Larry Doyle on September 22, 2010 2:07 PM |

In light of the recently released news that Larry Summers will be leaving the White House National Economic Council later this year, I am compelled to ask whether Larry needs a break. What’s that you say? Break? What type of experience does Larry have with breaks? Great question. Glad you asked. Can we ever forget Larry’s performance in early 2009? Let’s rewind the tape as I highlighted, Not Again, Larry!!,

I wish I were joking, but Larry Summers, Director of the National Economic Council, has been caught yet again sleeping on the job. Today Summers was caught on camera taking 40 winks during a meeting with President Obama and credit card officials:

If you remember, Summers was caught nodding off during a fiscal sustainability summit held back in February at the White House.

From my piece on February 25, 2009: Does Larry Need a Stimulus? . . .

The Financial Times reported that Larry Summers fell asleep on the podium this past Monday at the Financial Responsibility Summit:”Although Lawrence Summers, head of the National Economic Council, fell asleep on the podium, most attendees, including Republicans, appear to have appreciated the exercise.”

While I know that some of this material can be a little dry, one would hope it is not putting Larry to sleep!!

I’ll admit I fell asleep once or twice in science class, but I always made sure I was in the back of the room. Perhaps Larry already felt comfortable with the material.

You can’t make this stuff up…I only hope he passes the test!!


Larry Doyle

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I have no affiliation or business interest with any entity referenced in this commentary. As President of Greenwich Investment Management, an SEC regulated privately held registered investment adviser, I am merely a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.

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