James Pethokoukis

Politics and policy from inside Washington

But Google searches on ‘unemployment’ are headed higher, Mr. Summers …

July 17, 2009

Larry Summers didn’t mention this metric in his speech:

googlunemp

Comments

Until we get a handle on foreclosures in this country, I don’t see how a long term recovery is possible. I would expect this metric to continue to rise or at the very least stay at an elevated level for some time. Mr. Summers needs to spend some time in the real world (outside of Washington)to gain a more realistic perspective of just how bad things are in both the real estate and the job market.

 

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