Friday, March 6, 2009

White House Says No Silver Lining On Jobless Rate. Au Contraire Says Hillary

From CNBC:
A top White House economic aide said Friday no silver lining could be seen in a surge in unemployment in February but that pieces of a recovery plan are in place and the country needs to "power through" hard times.

"There's no way that we could or should put a positive spin on these," Christina Romer, chair of the White House Council of Economic Advisers told CNBC, referring to a report that the jobless rate hit 8.1 percent.

"The American people are clearly, we're suffering.">>>MORE

From Reuters India:

Never waste a good crisis, Clinton says on climate

Secretary of State Hillary Clinton told an audience Friday "never waste a good crisis," and highlighted the opportunity of rebuilding economies in a greener, less energy-intensive way.

Highlighting Europe's unease the day after Russia warned that gas flows via Ukraine might be halted, she also condemned the use of energy as a political lever.

Clinton told young Europeans at the European Parliament that global economic turmoil provided a fresh opening. "Never waste a good crisis ... Don't waste it when it can have a very positive impact on climate change and energy security," she said....MORE