Showing posts with label Larry Summers. Show all posts
Showing posts with label Larry Summers. Show all posts

Tuesday, March 2, 2010

Global Warming Causes February Job Losses. Honest


1) The White House is expecting “unexpectedly” bad unemployment numbers.

2) In preparation for that, Larry Summers is blaming the numbers on the February blizzards.

3) Al Gore explained over the weekend that global warming causes an increase in water vapor and, therefore, more blizzards.

4) Ergo, global warming is to blame for the about-to-be-released unemployment figures.

See the full analysis over at Real Revo

White House is shoveling it high in regard to jobless numbers.


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.

Sounds like there might be a problem that he is trying to smooooooooth over.