Obama’s Top Economic Adviser Says Google Search Results Prove Stimulus Is Working
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.”
 |
|
Are these pricks just wanting us to rise up against them? Sure seems like it. Either that, or they think we are stupid as a pile of rocks.
Time to clean house on these elitist pricks!
This is a joke right? Please tell me this is a joke.
Google is a leftist owned and operated entity. Anybody who would rely on a Google statistic has to be smokin’ somethin’ I want no part of.
Unemployment is rising, cost of living is about to go through the roof…same with taxes, the cost of fuel is rising, and the housing industry still sucks.
People are surviving on boiled weeds and Raman noodles but according to these numbnuts the non-stimulus stimulus is working??
My thoughts exactly. That and I think everyone finally realises the answer to whatever they were looking for.
What sucks is We The People voted these pricks in office. Never Again.
interesting
Results 1 - 10 of about 1,250,000 for obama birth certificate”. (0.14 seconds)
Results 1 - 10 of about 8,570,000 for “economic recovery”.
Results 1 - 10 of about 36,900,000 for obama socialst. (0.41 seconds)
Results … Google crashed on query ‘Obama sucks’
Biden the Second
And google searches for child porn are down because congress is on break.
This “sound logic” is about as good as their global warming theory. Liars, idiots and morons.