White House

White House press secretary Robert Gibbs set the rumor mills a-grinding with a statement earlier today that may be a preemptive strike against any surprise "uptick" in unemployment. But this would not be the first time the administration made such a leak.

CNNMoney published a story how stimulus spending has created or saved some 650,000 jobs- a figure reported by the White House today. But as I read the story, and the reasons/excuses for its complex claims of job creation/preservation- can someone please stand-up if your job was created by stimulus spending?

DXY Breaks 75, No Statement From White House Over Dollar Coma Forthcoming

Well of course it works... What else did you expect? One million jobs and counting.

Senator Cornyn foolishly thinks McCarthyism has no place in 2009. And here we were, happy recipients of the first one million flagged complaints in less than 24 hours...

Developing story: this means that unemployment will either be allowed to reach its true, "unadjusted" levels in the low teens shortly, or will be kept artificially low for 2-3 months, allowing that to be spun as a green shoot by CNBC. Time will tell.

Developing story: this means that unemployment will either be allowed to reach its true, "unadjusted" levels in the low teens shortly, or will be kept artificially low for 2-3 months, allowing that to be spun as a green shoot by CNBC. Time will tell.

In a story becoming more bizarre by the minute, ABCNews has now picked up on the Perella Weinberg scent with some new twists. According to ABC, White House deputy press secretary Bill Burton claims that the allegations by Tom Lauria, global head of the Financial Restructuring and Insolvency at White & Case are "completely untrue".

Update - please see additional FOIA information at end of post.

Larry Summers, who was not only Tim Geithner's predecessor as the 71st Secretary of the Treasury (from 1999 to 2001), but also the 27th President of Harvard University, and is currently the top White House economic advisor and serves as a director of the National Economic Council, apparently has a fond place in his heart and bank account for his most recent employer, $30 billion rocket scientist infested hedge fund D. E. Shaw (nothing like signing an NDA before conducting interviews).

Larry Summers, who was not only Tim Geithner's predecessor as the 71st Secretary of the Treasury (from 1999 to 2001), but also the 27th President of Harvard University, and is currently the top White House economic advisor and serves as a director of the National Economic Council, apparently has a fond place in his heart and bank account for his most recent employer, $30 billion rocket scientist infested hedge fund D. E. Shaw (nothing like signing an NDA before conducting interviews).

Joe Weisenthal at Clusterstock reports that the administration has invited bloggers to participate in a "constructive plenary discussion session" over the benefits and limitations of TALF2 at 10am today. Not surprisingly, Zero Hedge was not invited, but we will participate anyway and provide our readers with as much info from this "public medium" as we can.