Saturday, July 18, 2009

THIS IDIOCY WON'T HELP MUCH to increase consumer confidence (or anyone's, for that matter):
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.
Via Don Surber, who has some fun at Summers' expense. Totally deserved.