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Freedom's Phoenix

Recession Over, Says Obama Econ Advisor

July 18, 2009 - 4:07pm
Nick Coons by Nick Coons

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Top economic advisor Larry Summers claims that the economic free fall is overall; we can all rest easy. What do you think his indicators are?



Summers said the evidence that the economy is on its way back up is the fact that... wait for it... the number of Google searches for "economic depression" has returned to normal levels.

Summers was one of the major supporters of Obama's stimulus plans.  It's no wonder he's now grasping at straws to justify his position when the plans have been exposed as a failure.  Instead of outright admitting his mistakes, or even acknowledging the failure and trying to tag the blame on someone else, he points to erroneous evidence as proof that the stimulus is working.  Obama would be a fool to take any advice from this advisor.
 



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