Friday, July 17, 2009

White House uses Google to determine if economy is better

This is how desperate the Obama White House is to find some good economic news.

Of all the statistics pouring into the White House every day, top economic adviser Larry Summers highlighted one Friday to make his case that the economic free-fall has ended.

The number of people searching for the term “economic depression” on Google is down to normal levels, Summers said.

Read more: http://www.politico.com/news/stories/0709/25083.html#ixzz0LY7MrWTz


Well Larry, maybe that is because less people have computers to search for the term "economic depression" or maybe it is because most people now know what the term means so they no longer have to look it up. This is ridiculous, the nonsense coming from the Obama-Pelosi administration gets more outlandish.

Look at Google's advertising Mr Summers.

July 16 (Bloomberg) -- Google Inc., owner of the world’s most popular search engine, reported slower second-quarter sales growth after the recession crimped the price of online ads. The shares fell 3.3 percent in late trading.

Revenue rose 2.9 percent from a year earlier, down from growth of 6.2 percent in the first quarter. The average cost of Google ads fell 13 percent from a year ago, the Mountain View, California-based company said today in a statement.

Internet advertising spending, Google’s main source of revenue, is flagging as companies pare back budgets. The market’s growth may slow to 10 percent globally this year, down from 22 percent last year, according to ZenithOptimedia Group in London. Google’s dominant search engine also faces fresh competition from Microsoft Corp.’s Bing.


Obama voters should be hiding in shame right about now.

0 comments: