President Barack Obama's top economic adviser said Saturday the U.S. is experiencing an economic recovery on paper but a "human recession" because of job losses.
Lawrence Summers, director of the White House National Economic Council, told a panel at the World Economic Forum in Davos that the latest figures showing strong U.S. economic growth suggest Obama's policies to prevent economic collapse "have been successful."
Most people who looked at the 5.7-percent increase in fourth-quarter growth believe that will continue "at least at a moderate rate for the next several quarters," he said.
"What is disturbing is …
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