Heckuva Job, Larry

Anyone who has followed the remarkable roller-coaster career of Larry Summers would have reason to expect his new White House job eventually to cause controversy. But this withering critique from Frank Rich is arriving far earlier than expected and is, in my view, unduly harsh.

I continue to believe that Larry and his talented staff (e.g., my former student Jason Furman and my Harvard colleague Jeremy Stein) remain beacons of hope for good policy in the new administration. I pray that when the populist hullabaloo over AIG bonuses is over, the good guys are left standing.