$12,000 per American child, and Larry Summers says, "materially increase the risk the economy would stall out and we would have a double-dip"

"Raising the direst alarm yet, the Obama administration warned fellow Democrats on Wednesday that if they defeat the big tax-cut compromise detested by many liberals they could jolt the entire nation back into recession.
 
...Larry Summers, Obama's chief economic adviser, told reporters that if the measure isn't passed soon, it will "materially increase the risk the economy would stall out and we would have a double-dip" recession.
 
...Summers' remarks contrasted with Obama's comments at a news conference Tuesday. "We don't have the danger of a double-dip recession," the president said then, noting the impact of the 2009 stimulus bill and other measures meant to steady the economy."...
 
David Espo, Julie Hirschfeld Davis, Ben Feller, Stephen Ohlemacher and Erica Werner