In December 1991, while chief economist for the World Bank, former U.S. Treasury Secretary Larry Summers wrote an internal memo saying that the Bank should encourage migration of "the dirty industries" to Third World countries. The memo states: After Summers left the Obama team, in a handsome tribute, Obama issued a statement saying: And like any good client who adheres to the wisdom of their American patrons:
First time since 1991? The way you guys talk about it they have taken miles of new land every year. Huh, interesting to know