How do we know? Well, if the guy who was smart enough to be the president of Harvard says it, must be true, right?
Of all the statistics pouring into the White House every day, top economic adviser Larry Summers highlighted one Friday to make his case that the economic free-fall has ended.
The number of people searching for the term “economic depression” on Google is down to normal levels, Summers said.
Searches for the term were up four-fold when the recession deepened in the earlier part of the year, and the recent shift goes to show consumer confidence is higher, Summers told the Peterson Institute for International Economics. [Emphasis mine]
Yep, this is the kind of Bozo that's tinkering under the hood with the largest economy in the world. I'm comfortable, you?
Larry Summers cites Google search as progress