More specifically, Google searches on the term “economic depression” aren’t as popular as they were in the past. Apparently that’s indicative of the economy recovering.
Isn’t it possible that people are just so used to this prolonged recession that they don’t need to Google such terms anymore? Or it’s gotten so bad that these things are too depressing to concentrate on? Or perhaps other news has simply prevailed over the past few weeks and the previous levels will soon return?
Of course it’s all possible, likely even. We hear every day that unemployment is reaching double-digits, several states already have an unemployment level in the teens, Barack Obama’s approval rating on the economy and other issues is trending downward, massive inflation is expected to hit soon, and companies are still failing.
The economy remains in the crapper by all indicators. But you have to stretch to the lengths exhibited by Summers when you really have nothing positive to point to as a result of the administration’s policies. It might be a transparently pathetic move on the part of the administration, but that’s all it’s got to go on. So you take what you can, spin furiously, and hope enough morons buy the story.
More: Another option: The people previously searching for the term are now out of work and can no longer afford internet access. They’re experiencing economic depression first-hand. They don’t need to search for it anymore.


by Stephan Tawney on July 17, 2009