Larry Summers on Public Investment. Lawrence Summers, January 9, 2017, Video, “Larry Summers, both a former Obama administration White House Economic Council director and secretary of the treasury in the Clinton administration, made remarks on public investments during the Trump administration. He stressed the importance of public investments in transportation, drinking water, and education, and for the need to responsibly finance them. Following his remarks, Ed Glaeser, a Harvard University economics professor, discussed with Mr. Summers the merits and pitfalls of various financing mechanisms to fund infrastructure projects.Link