red states rule
03-02-2010, 08:10 AM
First the Obama administration blamed former Pres Bush for the lousy job numbers. Then it was Fox news for reporting lies and distortions. Now it is the snow
It is funny as hell watching the Dems try to pass the buck to anyone and everyone
White House economic adviser Larry Summers isn't sure what the February jobless numbers will be when they're released on Friday, but he knows to take it with a grain of salt.
"The blizzards that affected much of the country during the last month are likely to distort the statistics," he said during an interview with CNBC. "In past blizzards, those statistics have been distorted by 100,000 to 200,000 jobs."
"It's going to be very important ... to look past whatever the next figures are to gauge the underlying trends," Summers added.
http://www.huffingtonpost.com/2010/03/01/larry-summers-blizzards-d_n_481626.html
It is funny as hell watching the Dems try to pass the buck to anyone and everyone
White House economic adviser Larry Summers isn't sure what the February jobless numbers will be when they're released on Friday, but he knows to take it with a grain of salt.
"The blizzards that affected much of the country during the last month are likely to distort the statistics," he said during an interview with CNBC. "In past blizzards, those statistics have been distorted by 100,000 to 200,000 jobs."
"It's going to be very important ... to look past whatever the next figures are to gauge the underlying trends," Summers added.
http://www.huffingtonpost.com/2010/03/01/larry-summers-blizzards-d_n_481626.html