7/18/2009

Larry Summers' bogus Google search method

The question is what impact that Obama had on these searches by exaggerating that there was a problem (see here). Here is Politico's report on Summers here:

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. “ . . . .

Labels:

1 Comments:

Blogger Wayne Conrad said...

If you can't create jobs, then "create or save" jobs. If job losses aren't slowing, then show that the "rate of job loss is slowing." I'm waiting for them to tell us how good the second derivative looks.

And if you can't cook up any official numbers that things in a good light today, don't worry. Google stats, sports scores, it's all the same. Anything said with a cheery voice will be just as well.

Don't look behind the curtain, little girl.

7/20/2009 6:31 PM  

Post a Comment

Links to this post:

Create a Link

<< Home