Summers on the crisis

Doug Henwood dhenwood at panix.com
Thu Sep 3 18:17:46 PDT 1998


Brad De Long wrote:


>> Q But we didn't offer them concrete help for their economic
>>emergency today, correct?
>>
>> DEPUTY SECRETARY SUMMERS: Yes.
>
>This is really depressing. $4 trillion spent over two generations to defend
>America from the Commies, and total aid to Russia and the successor states
>since Gorbachev's change of course amounts to... what? $40 billion in cash
>terms from all of NATO? 1%?

Why is this inconsistent? The idea was to drive the Soviets into the dirt, no?

Doug



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