The Economy? Words Fail Me.
July 6th, 2008Try to watch the video. It appeared to me that Assistant Treasury secretary for economic policy, Phillip Swagel, needed to change his union suit after this press conference.
Via: Washington Post:
Think 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.
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.”
Research Credit: JoKerHill
