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Can I pleez be an ekonimist now? Obama can mayke job?
Posted on 07/18/2009 9:10:54 AM PDT by TaxPayer2000
Of all the statistics pouring into the White House every day, top economic adviser Larry Summers highlighted one Friday to make his case that the economic free-fall has ended.
The number of people searching for the term “economic depression” on Google is down to normal levels, Summers said.
Searches for the term were up four-fold when the recession deepened in the earlier part of the year, and the recent shift goes to show consumer confidence is higher, Summers told the Peterson Institute for International Economics.
Summers continued the administration’s push-back against critics of President Barack Obama’s handling of the recession, defending the economic stimulus package against Republicans who have tried to paint the program as a failure because it hasn’t stemmed the unemployment rate.
“We pledged at the time the Recovery Act became law that some of the spending and tax effects would begin almost immediately.,” Summers said in prepared remarks. “We also noted that the impact of the Recovery Act would build up over time, peaking during 2010 with about 70 percent of the total stimulus provided in the first 18 months. Now, five months after the passage, we are on track to meet that timeline. “
Summers rattled off a list of accomplishments of the stimulus package:
“More than $43 billion in immediate tax relief has reached households and businesses. Another $64 billion has been channeled into the economy through aid to state and local governments, expansions in social programs, and spending on education, housing, and transportation projects. In addition to the amount that has already been paid out, another $120 billion in spending has been obligated by the federal government and is on track to begin working its way into the economy.”
How about Googles involving the keywords “Summers” and “A$$hat”?
Me too!
People have found “economic depression”. There is no further need to search for it.
Oh, on the contrary, it’s zooming today, from not even in the top 100 to 21st.
http://www.google.com/trends/hottrends?sa=X
Bet it’ll break the top ten at the next update.
Aiieeeee!!! Head for the hills, lol.
“For the last year or so on FR I have concentrated on posting articles about shipping: dry bulk, containers, oil, and rail. The reason is that those are true indicators of the economy and international trade, not some Oprah level economic straw grasping. Pay some attention to the unreal slight of hand of Wall Street and Washington, but focus like a laser on the real world that can’t be fudged.”
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The article about empty merchant vessels stacked up outside Singapore Harbor for want of cargos to carry was eloquent enough.
Well, the bad news for him is ... from now on, if you enter “total-moron economist” into Google, Larry Summers’ name will pop up everytime.
Same here.....
I’ll make sure I search for it a few times each day but I don’t trust Google’s stats. They are completely in the tank. Google is on my boycott list but I’ll hit it a few times for the cause.
How many hits a day does google get for obama communist, obama marxist, obama muslim?
LOL everybody go google economic depression and 0bama Marxist.
Maybe people can no longer afford their internet servers.
This really restores my confidence in Øbama and his people. /sarcasm
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Can I pleez be an ekonimist now? Obama can mayke job?
The first thing I did was Google, “Larry Summers is an idiot”
Introducing the next head of the Federal Reserve, Mr Dimwit
I searched "Economic Depression Obama's Fault."
This is downright comical.
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