Well, That Worked Out Well! Larry Summers Heads Back To Harvard

Now only TurboTax Timmy is left of the original quartet of Romer, Orzag, Summers and TT.

Wasn't it about eighteen months ago that anyone who raised his hand and said, 'Maybe it's unwise to double the federal deficit in one year--just sayin'...' was considered a lower life-form, not worthy of consideration. You know, one of those creatures who watches that NewsNetworkThatWe'llJustPretendDoesn'tExist. One of them.

Things have not worked out well in the interim. The banksters got bailed out. The UAW got bailed out. Everybody else (and old fashioned ideas like the Rule of Law) pretty well got hosed.

So, Larry, This Bud's For You. You can head back to the ultimate academic bubble of Cambridge, MA, write your book about why it was all Bush's fault, do some consulting, pretend to read grad student dissertations, and generally be a Pooh-Bah.

You'll be amongst friends, fellow Citizens of the Bubble, like the guys who declared that the Great Recession is officially over.

Whew! That was close! You get to leave on a high note. Real unemployment's about 20%, one in seven are on public assistance, and no one in his right mind will even think about launching a small business.

But, that's OK. You saved the country from recession.