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The Messiah has no independent estimate for job losses

December 14, 2009 Leave a comment Go to comments

Summers catching a catnap in the middle of a meeting

According to Larry Summers, the Messiah is apparently relying on private forecasters as it develops a response to the rising unemployment catastrophe:

“Most professional forecasters are now looking for a return to job growth by spring,” though it would take longer for the unemployment rate to fall, he said.

Summers did not explain why the Messiah did not have his own estimate for when net job growth would restart, nor what that estimate might be if the Messiah were to make one.

He also did not explain why the Messiah is paying him to provide economic advice, when Summers could only offer the free advice available to anyone with access to Google News.

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