Lawrence Summers on the "Bail Out"

Here's an encouraging article by Larry Summers, former head of the US Treasury in the Clinton administration. He says spend more, not less.

FT.com / Columnists / Lawrence Summers - The $700bn bail-out and the budget

A time when confidence is lagging in the household, financial and business sectors is not a time for government to step back. Well-designed policies are essential to support the economy and given the seriousness of healthcare, energy, education and inequality issues, can make a longer-term contribution as well.