The Economy? Words Fail Me. »
Posted By Beau7890 3 months, 2 weeks ago in Business & FinanceThink you're worried about the economy? Phillip Swagel is a wreck. The assistant Treasury secretary for economic policy, Swagel came out for his monthly economic briefing yesterday, 90 minutes after the Labor Department reported that the country had shed jobs in June for the sixth straight month.
Read Full Story at washingtonpost.com »
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Beau7890
I used to have a quote here from Andre Breton, author of several surrealist works.
I now think that if you're here on Propeller ...
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Beau78903 months, 2 weeks ago
This guy should never speak in public.
From the article:
"Does this mean the economy is worse than the Bush administration expected?
" 'We shouldn't, in a sense, be surprised when the data are, are, soft,' Swagel managed to say.
"Does the economy need another stimulus package?
" 'I-it seems, you know, it seems like that's, that's enough, uh, enough.'
"What might trigger another round of economic stimulus?
" 'I don't, I guess I don't have an answer, I mean, you know, beyond saying we look at all the data and, um -- so, my usual line.' "
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Amazing13 months, 1 week ago
Poor kid. He hasn't learned yet how to "spin" with deftness and aplomb. He's too honest for his job and it's bothering him. I suggest he will soon be out of a job.
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