Tony Farto Eats Shit, Part I
Q Can you comment on the new jobs report, and particularly the fact — if I have this right — that the number of jobs was actually cut, ending that consecutive streak of job growth that the President touts so often?
MR. FRATTO: I can’t comment on the jobs report at this time in the morning. I think you’ll have a chance to hear from us later today — and that, of course, has to do with the long-standing rule of not commenting on economic data within one hour of release of that data. So we’ll have a chance to talk about it later this morning.
Tony Farto Eats Shit, Part II
Q What’s your reaction to OPEC’s decision? They rebuffed the President’s request in Saudi Arabia for them to pump more oil.
MR. FRATTO: I didn’t see any reporting on that, in terms of what OPEC’s decisions are, so I’ll have to see what they said.
Q I can tell you what they said. They said that they would keep oil supplies unchanged and they began a debate about whether to curb supplies in March.
MR. FRATTO: Well, look, I think everyone is fully aware that having a reliable and steady and predictable supply of oil is a benefit to the global economy, in addition to the U.S. economy.
Q Can I ask one more on the OPEC thing — I mean, the President spoke directly with King Abdallah, so what more can the United States do to get its message across? Obviously they’re not listening.
MR. FRATTO: I think they do listen to us, and I think they do listen to the market, also.