Posted by
Defend America on Saturday, July 18, 2009 11:52:57 AM
Larry Summers cites Google search as progress
By
EAMON JAVERS |
7/17/09 1:27 PM EDT
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.
http://www.politico.com/news/stories/0709/25083.html
This is a better way to determine where the economy is:
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| Unemployment tops 10 percent in 16 states in June |
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|
Jul 17 10:45 AM US/Eastern
By JEANNINE AVERSA
AP Economics Writer |
WASHINGTON (AP) - The U.S. Labor Department says unemployment topped 10 percent in 16 states last month. The rate in Michigan surpassed 15 percent, the first time any state hit that mark since 1984.
Home to the nation's struggling auto makers, Michigan has been
clobbered by lost factory jobs. Its jobless rate of 15.2 percent in
June was the highest in the country, but the record-high for the state
was 16.9 percent in November 1982.
http://www.breitbart.com/article.php?id=D99G8T580&show_article=1