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Larry Summers: Blame Bad Weather for Unemployment Figures
Newsbusters ^ | 03/2/10 | Anthony Kang

Posted on 03/02/2010 3:19:46 PM PST by 198ml

President Obama continuously tries to portray himself as a friend to the little-man, middle class and small business. Hence his attacks on "fat cats" who "just don't get it," while labeling the extravagant bonuses as "obscene," and "the height of irresponsibility."

Meanwhile, members of his administration, in defending a sweeping small-business aid program Obama announced in his State of the Union, give reason to wonder if they really understand how to help small business.

Among the administration's proposals for small businesses are a $5,000 tax credit to hire new workers, elimination of capital gains taxes, and new incentives to invest in plants and equipment. At the same time, however, the administration plans to raise taxes on "the wealthiest Americans."

(Excerpt) Read more at newsbusters.org ...


TOPICS: Business/Economy; Government; Miscellaneous; News/Current Events
KEYWORDS: bhoeconomy; blamegame; cnbc; larrysummers; snowmageddon; summers; unemployment; weather
Larry Summers on taxing the rich and February jobless figures.
1 posted on 03/02/2010 3:19:46 PM PST by 198ml
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To: 198ml

Yeah right. Some business owner say’s “Hmmm, there’s a snow storm coming. Think I’ll fire ten people’’.


2 posted on 03/02/2010 3:21:54 PM PST by John-Irish ("Shame of him who thinks of it''.)
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To: 198ml
Rush said it and it's probably true: The unemployment numbers for February are going to be bad and they are trying to get ahead of the curve!

Surely, when it happens, it will be

unexpected!

3 posted on 03/02/2010 3:24:12 PM PST by Bushbacker1 (I miss President Bush greatly! Palin in 2012! 2012 - The End Of An Error!)
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To: 198ml

Looks like they expect the news to be bad. This is one of the sorriest excuses I have heard.


4 posted on 03/02/2010 3:24:14 PM PST by Parley Baer
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To: 198ml

A sociopath is someone who can look you in the eye and lie to you knowing that you know he’s lying. And expect you to accept it. These people are stone evil.


5 posted on 03/02/2010 3:34:40 PM PST by circlecity
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To: Parley Baer

If they’re already hiring census takers, those jobs will show up in the employment reports even though they are temp jobs. Based on that, they may not expect it to be bad, and they want the numbers to look even better by setting expectations low.


6 posted on 03/02/2010 3:46:20 PM PST by TwelveOfTwenty (Hey Nancy, how many jobs have been lost since you and the Democrats took Congress?)
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To: circlecity

Rumor is the number is jumping over 10% again. Why do you think he is ramming into the iceberg with his healthcare plan, steer the news cycle ..HEALTHCARE,HEALTHCARE,HEALTHCARE,HEALTHCARE,HEALTHCARE,HEALTHCARE,HEALTHCARE,ten percent unemployment again,HEALTHCARE,HEALTHCARE,HEALTHCARE,HEALTHCARE,HEALTHCARE,HEALTHCARE,HEALTHCARE,HEALTHCARE.


7 posted on 03/02/2010 3:48:04 PM PST by pburgh01
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To: 198ml

Some small businesses are giving temporary layoffs, with plans to rehire come springtime. I guess that can be blamed on weather, but what happens when the usual springtime business is slow, and temporary layoffs turn into permanent layoffs.


8 posted on 03/02/2010 4:04:19 PM PST by pallis
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To: John-Irish

Two descriptions ALWAYS accompany the jobless figures:

1) “ Experts were surprised.... “

2) “ Seasonally adjusted....”

What does Seasonally Adjusted mean if it doesn’t include the weather???


9 posted on 03/02/2010 4:14:11 PM PST by alpo
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To: 198ml
Where is Karl Rove and that confounded machine?
10 posted on 03/02/2010 4:37:31 PM PST by jacknhoo (Luke 12:51. Think ye, that I am come to give peace on earth? I tell you, no; but separation.)
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To: 198ml

Yeah, we all know how that weather thingy works. The Soviet Union failed due to 72 straight crop failures caused by bad weather.


11 posted on 03/02/2010 4:42:54 PM PST by YHAOS (you betcha!)
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To: 198ml

Long term job forecast: “Looks like snow”


12 posted on 03/02/2010 4:49:11 PM PST by Caipirabob (Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
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To: 198ml

Can I move my business to Honduras til obummer leaves?


13 posted on 03/02/2010 5:20:56 PM PST by bunkerhill7 (God bless)
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To: alpo

Yeah, good question. I’ve never heard in my entire life jobless figures having to do with the weather. I don’t get the connection.


14 posted on 03/02/2010 5:24:27 PM PST by John-Irish ("Shame of him who thinks of it''.)
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To: 198ml

I noticed that after Congress decided that SS wouldnt get a raise this year, the Congress didnt turn down their own. maybe Obama’s criticism should start in Washington.


15 posted on 03/02/2010 5:36:56 PM PST by Venturer
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To: alpo
What does Seasonally Adjusted mean if it doesn’t include the weather?

Apaprently McCormick Spices had unusually large layoffs. bah-dump-pishhh

16 posted on 03/02/2010 5:42:42 PM PST by 70times7 (Serving Free Republics' warped and obscure humor needs since 1999!)
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To: 198ml

Next month we can blame mild weather: “Due to global warming ...”


17 posted on 03/02/2010 6:16:20 PM PST by Pollster1 (Natural born citizen of the USA, with the birth certificate to prove it)
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