Monday, March 01, 2010

Grim Jobs Numbers Coming? Summers Blames Winter

These Obama hacks are now reduced to blaming snowstorms for what will likely be more "unexpected" bad jobs numbers later this week.

Just pathetic.
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.

Construction activity was hit particularly hard by the storms, but many restaurants and stores also had to close, putting the brakes on hiring plans and temporarily throwing some employees out of work.
So now if some stores had to close for a day that put brakes on hiring plans? Who the hell does he think he's kidding?

Now if by happenstance the numbers were to go down would Summers urge us to look past those numbers?

Next thing you know some idiot will tell us those snowstorms were a result of mythical global warming.

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