WASHINGTON, March 1 (Reuters) – White House economic adviser Larry Summers said on Monday winter blizzards were likely to distort U.S. February jobless figures, which are due to be released on Friday.
“The blizzards that affected much of the country during the last month are likely to distort the statistics. So it’s going to be very important … to look past whatever the next figures are to gauge the underlying trends,” Summers said in an interview with CNBC, according to a transcript.
Summers, director of the White House’s National Economic Council, also said the United States was closely monitoring Greece’s debt problems and U.S. Treasury Secretary Timothy Geithner was encouraged by what he had heard from European officials about the issue.
“With respect to Europe, I am obviously very concerned about what’s happening in Greece and Portugal, in Spain, in Italy, on the European continent,” Summers said.
“I think there have been increasing signs of recognition both in Greece and in the major countries of Europe that this is a situation that has to be managed; that combination of getting the Greek budget under better control and providing more support is necessary to stabilize this situation.”
First Global Warming is affecting our lives and now winter storms are putting people out of work. Who would have thought?
And to think these are the people that are “running” our country. I say “running” tongue-in-cheek, so to speak, because they can only run our country when we allow them.
Yes, I was shocked when I read the above. Can you imagine anyone actually falling for such nonsense. Opps, the president must have because he chose this moron to be the director of the White House’s National Economic Council. Maybe he was chosen because he will say anything his boss tells him to say.
—After shaking my head and walking around in a daze for hours trying to understand how anyone in their right mind would spew such idiotic dribble, I went on to his second statement about his concern for Greece’s debt problems.
Perhaps we should send Greece 9.3 billion dollars to help bail them out. I just hope we let the ink dry on our freshly printed dollar bills before we ship them over to Greece.
I wonder if Greece will even accept our bailout money, freshly printed for them? After all the more we print the less valuable they become. Did anyone even think about that?
So why are our Federal Reserve printing presses running 24/7? That’s an easy answer.
If our government taxes the good citizens any more they may revolt. The only other way to pay for all of their wasteful and foolish bailouts and social programs is to print up more dollar bills.
As with all things, there comes a time when they must pay the piper. I just hope we good American citizens come to our senses before that time comes.