We need to promote power generation, Democrats won’t always have Dobbs to help them

During an interview that aired on Friday’s show of Bloomberg’s “Wall Street Week,” the Harvard professor, economist, director of the National Economic Council under President Barack Obama and Treasury Secretary under President Bill Clinton, Larry Summers, said he believed the reaction to the Dobbs The decision was pivotal in the 2022 election results, which is “probably a cautionary tale for Democrats.” Because it’s not always going to be like that. And encouraged greater production of renewable and non-renewable energy.

Summers said the reaction to the Dobbs decision “was actually a substantial part of that story. This is probably a cautionary tale for Democrats. Because it’s not always going to be like that.

He also said, “I think the country is best governed when it is governed from the center and governed in moderation. No one is coming back to $3.5 trillion in new deals. It’s not on the table. And I think it’s appropriate, given inflation, that nothing like that is on the table. I think we can do a lot to lower the price of energy by encouraging the production of energy of all kinds, renewable and non-renewable. I think the administration can and will do a lot in technology, especially in the area of ​​semiconductors. It’s a big challenge to get the infrastructure right in a way that helps reduce the bottlenecks in our economy. I would like to see more partnership between business and government. And frankly, if we’re going to build the necessary energy infrastructure around the world, I don’t think there’s any alternative. So I think the administration now has a real opportunity to move into an implementation phase.

Follow Ian Hanchett on Twitter @IanHanchett


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