This -- "the President believes" -- is the kind of statement that's as good a way of stirring up policy geeks as any I can think of, bar waving a red flag (*joke).
And one of the first to be stirred up is the ever-readable Dr David Henderson of, inter alia(har!), the Naval Postgraduate School:
Have you noticed that we haven't heard any strong endorsement of the bill by Summers? The standard way a political appointee deals with the situation when he/she doesn't like what his/her boss is doing is to be quiet or, if asked his/her opinion, to say, "the President believes."
And because Dr Summers is both entertaining and worth reading, the link is here
If this is piling on, Fiat Voluntuas Dei!