Monday, July 12, 2010

SUMMERS: ECONOMY HAS MOVED BACK FROM CATASTROPHE (AP)



President Barack Obama's top economic adviser Larry Summers pauses during an address to the International Economic Policy in Washington, Friday, July 17, 2009. Summers, the director of the National Economic Council, wants Congress and the public to be patient and let the Obama stimulus initiatives take hold. (AP Photo/J. Scott Applewhite)AP - President Barack Obama's top economic adviser has new cause for optimism. Back in January, Lawrence Summers said, Google searches for "economic depression" had increased by a factor of four. Today, the searches are back to pre-crisis levels.




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