Don’t blame unemployment on the Obama administration. Blame it on global warming. That’s what White House economic advisor Larry Summers says.
He actually said this winter’s blizzards would cause unemployment to spike, but other voices in the administration have already blamed the cold weather on global warming. So it stands to reason that the administration’s official position must be that global warming is causing unemployment.
Reuters reports the details:
“The blizzards that affected much of the country during the last month are likely to distort the statistics. So it’s going to be very important … to look past whatever the next figures are to gauge the underlying trends,” Summers said in an interview with CNBC, according to a transcript.
Construction activity was hit particularly hard by the storms, but many restaurants and stores also had to close, putting the brakes on hiring plans and temporarily throwing some employees out of work.
We are, of course, highly-trained economists here at IHateTheMedia.com and our theory is that unemployment won’t start to decrease until this crew in Washington joins the ranks of the unemployed.
The climate’s not looking very good for them at the moment. And it has nothing to do with global warming.
Source: Reuters
