Obama's economic guru: Spectre of things to come
Posted: Tue Apr 20, 2010 4:09 am
Shrouded in secrecy, decision makers gambled and Harvard lost
Obama is spending our tax dollars to enrich his friends and supporters and to buy vores, will they give back in a pinch?
The story goes back to 2001. With much fanfare about President Lawrence Summers’s bold vision, Harvard started a building campaign, mostly to grow the size of its science facilities by more than a third. Average yearly expenditures for facilities jumped from under $150 million in 1995-2000 to $495 million from 2001-2005, to $644 million in 2009. The Faculty of Arts and Sciences - about half the university - grew from about 600 professors before 2001 to 700 in 2006 and was projected to reach 750 by 2010. With this growth spurt already underway in 2004, Summers told the faculty not to think small. Its ambitions were limited only by its imagination, he said - Harvard could always come up with more money from its “deeply loyal friends.’’
Obama is spending our tax dollars to enrich his friends and supporters and to buy vores, will they give back in a pinch?