Posted by
Defend America on Monday, December 14, 2009 3:12:37 AM
Two of Obama's top economic advisors see things pretty differently. On "This Week" Summers says that the recession is over, but on "Meet the Press" Rohmer said the recession is not over.
Summers: Job Growth By Spring
December 13, 2009 10:10 AM
The President’s top economic advisor, Larry Summers, told me that “by spring employment growth will start turning positive.”
During my "This Week" interview, Summers said that “everybody agrees
that the recession is over,” but he did not say when the unemployment
rate could be expected to drop further.
http://blogs.abcnews.com/george/2009/12/summers-job-growth-by-spring.html
'Meet the Press' transcript for Dec. 13, 2009
Christina Romer, Alan Greenspan, Jennifer Granholm, Mitt Romney, Jim Cramer
MR. GREGORY: When is the recession over, do you think?
DR.
ROMER: You know, there's the official definition, and that talks about
just when do you turn the corner, when do you go from plummeting to, to
finally starting to go back up? And I think we have, at least in terms
of GDP, reached that point. But I think the president's always said,
and what I firmly believe, you're not recovered until all those people
that want to work are back to work.
MR. GREGORY: So in your mind, this recession is not over.
DR.
ROMER: Of course not. We have--you know, for, for the people on Main
Street and throughout this country, they are still suffering. The
unemployment rate is still 10 percent. That's what--that's why the
president was talking this week.
http://www.msnbc.msn.com/id/34380027/ns/meet_the_press/page/2/