Economics

Summers Urges Trump to Shift Focus From ‘Ranting’ to Governing

  • ‘Governing is about analysis,’ infrastructure spending needed
  • Former Treasury chief cautions against scrapping Nafta

Summers: Trump Needs Serious, Concrete Economic Plans

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Former U.S. Treasury Secretary Lawrence Summers gave Donald Trump some advice on running the world’s largest economy, saying the president-elect should focus less on “ranting” and more on programs such as infrastructure that will accelerate growth.

“He needs to propose serious and concrete plans to address the major economic concerns," Summers, who served in both the Clinton and Obama administrations, told Bloomberg Television’s David Westin in an interview on Thursday. “He needs to surround himself with capable people with extensive experience, and he needs to recognize that governing is about analysis, it is about judgment. It is not simply about ranting.”