Obama Advisors' Disinfo: Summers, "Recession Over;" Romer, "Recession Not Over"

The Obama administration has been doing its very best to manipulate the public and MSM to believe that the "stimulus" and "mortgage rescue" programs have lifted us out of recession. The stock markets rally and correct in tune to the daily obfuscation.

Now, Larry Summers and Christina Romer have gotten out of sync; no doubt playing to different audiences, and presented the exact opposite message.

During my "This Week" interview, Summers said that “everybody agrees that the recession is over,” but he did not say when the unemployment rate could be expected to drop further.

The unemployment rate dipped last month to 10 percent from a peak of 10.2 percent. Many private economists, like Moody’s Mark Zandi, predict unemployment will climb through the third quarter of next year to 10.6 percent.

Summers- Recession Over

Unfortunately, Romer, who has gone "off message" in the past, offers a different perspective:

Politico: Asked by moderator David Gregory if the recession were over, [White House economic adviser Christina] Romer shot back: "Of course not. For the people on Main Street and throughout this country, they are still suffering, the unemployment rate is still 10 percent."

Top Advisor: Of Course Recession Isn't Over

When the top 5 government run or owned companies drive the stock market (they account for 20+% of daily movement), the Obama administration is playing investors and the working public for fools, and using our savings and investments to keep the charade alive.

See the full story and Politico's analysis here:
Top Economic Advisors offer Mixed Message on Recession

Deny ignorance.

jw

[edit on 14-12-2009 by jdub297]

Huh,

My take on it is that Summers, working more autonomously as NEC prez and dealing with hard market data, simply has a different perspective. Whereas Romer who yeilds less clout in terms of market influence also is obligated to spin things so as to sound sympathetic to constituents. So conflicting opinion from these two doesn't shock me.
If I was Summers, who in many ways is the man behind Obama's curtain, I'd have several ulcers, raging indigestion, and would find it hard to say the recession's over without laughing especially considering the position of the Fed and Tres which he knows intimately.

reply to post by Moonsouljah

A couple of investor friends and I have been watching this 'dance' for months now, and would find it funny if it weren't so serious.

The "recovery" has no substance. If it wasn't for artificial props and outright manipulation, the markets would be below March levels.

Unemployed, under-employed and credit-less Americans already know the truth.

We are being manipulated, robbed and lied to.

jw

[edit on 14-12-2009 by jdub297]