How moronic is this? As Larry Summers of the Obama administration now claims the economic stimuli is working based on this statistic and this one only.
Basing it on the fact that less people are searching Google for the phrase economic depression!
Here's a news flash for these morons......maybe, just maybe less people are searching because less people can afford to pay 50-100 a month on a broadband internet connection, no?
That would be my guess before claiming the economy has recovered.
Grasping at straws anyone?
Basing it on the fact that less people are searching Google for the phrase economic depression!
Here's a news flash for these morons......maybe, just maybe less people are searching because less people can afford to pay 50-100 a month on a broadband internet connection, no?
That would be my guess before claiming the economy has recovered.
Grasping at straws anyone?
Larry Summers cites Google search as progress
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.
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