People aren't Googling "economic depression" as much! So the economy MUST be improving, right? From Ed Morrissey:
Politico reports that Larry Summers, the chair of Barack Obama’s economic council, has a rather peculiar metric to measure the administration’s success on economic policy:
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.
Search for the term were up four-fold when the recession deepened in the earlier part of the year, and the recent shift goes to show consumer confidence is higher, Summers told Peterson Institute for International Economics.
I wonder whether a Google search metric falls within the Keynesian or Friedman schools of economic thought. If I had to guess, which is apparently what Summers is doing when he’s not busy counting Google searches, I’d say it falls within the Marx school of economic thought …. Groucho Marx.
. . . .
Update: HA reader Paul notes that Google searches for “how to find a job” are up 50% over normal. What other trends can we see?
- Obama incompetent - That shows a recent spike.
- stimulus failure - Another recent spike!
- federal deficit - That’s gone up lately, too.
- economic disaster - Up considerably over normal.
- Obama support - For some reason, this is way down.
. . . .
King Banaian notices a pattern in the trending for this topic:
[Y]ou’ll note searches drop every summer. (Graph idea from here.) My argument? It’s students researching papers for classes, which they don’t take in the summer. But that’s a SWAG, not something I would say at the White House.
This is what passes for intelligent analysis at Obama's White House? We are in much deeper trouble than I thought.
There's an easy way to remedy this "problem" and take a message to the White House. If every reader of this blog would search for each of those terms every time they use Google, the numbers would spike back up.
Sometimes, it helps to take a page from the Lunatic Left's playbook.
Posted by: Doh-San | July 18, 2009 at 05:50 PM