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Keyword: christinaromer

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  • Secret Obama memo wanted the $800 billion stimulus to be--gasp--$1.8 trillion

    It could have been bigger. Much, much bigger. Back in late 2008, soon-to-be Obama White House economic adviser Christina Romer prepared a policy memo—the contents a mystery until now—about how the new administration should deal with the collapsing economy. Romer thought to really do the job, the stimulus—later called the American Recovery and Reinvestment Act—should have been $1.8 trillion
  • Administration Rebuffs Contentions that it Mistreated Women

    09/26/2011 12:12:45 PM PDT · by John Semmens · 5 replies
    A claim in Ron Suskind’s book, Confidence Men: Wall Street, Washington and the Education of a President, that the Obama Administration created a hostile workplace for his female advisors was met with denials from current White House Budget Director Jack Lew. “The contention that the President or any of his male appointees would denigrate these women in any way is mistaken. To the contrary, we all had a broad respect for these ladies,” Lew said as he struggled to suppress a titter over his use of the word “broad.” Former head of the Council of Economic Advisers Christina Romer’s complaint,...
  • Dear Ben: It’s Time for Your Volcker Moment (Obama economist wants inflation)

    10/29/2011 3:00:10 PM PDT · by reaganaut1 · 12 replies · 1+ views
    New York Times ^ | October 29, 2011 | CHRISTINA D. ROMER
    ... Today, inflation is still low, but unemployment is stuck at a painfully high level. And, as in 1979, the methods the Fed has used so far aren’t solving the problem. ... It would work like this: The Fed would start from some normal year — like 2007 — and say that nominal G.D.P. should have grown at 4 1/2 percent annually since then, and should keep growing at that pace. Because of the recession and the unusually low inflation in 2009 and 2010, nominal G.D.P. today is about 10 percent below that path. Adopting nominal G.D.P. targeting commits the...
  • Obamageddon, Barackalypse Now! Bam is "Debt Man Walking" in 2012

    08/08/2011 1:43:36 PM PDT · by Evil Slayer · 18 replies
    RushLimbaugh.com ^ | 8/8/11 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Does anybody now doubt that this is on purpose? I mean, after all, Barack Obama inherits a AAA credit rating from George W. Bush, and look what he does to it. Obama is always running around complaining and whining and moaning about all that he inherited from George W. Bush. Well, he inherited a AAA credit rating, an unemployment rate of 5.7%. Does anybody doubt that this is on purpose? Well, look, my credit rating doesn't suck. There are a lot of individual Americans whose credit ratings aren't in trouble. The United States has never been in...
  • Former Obama Economic Adviser on Downgrade: We're 'Pretty Darn [expletive] [profanity in article]

    08/05/2011 10:14:54 PM PDT · by RatherBiased.com · 67 replies
    NewsBusters ^ | Noel Sheppard
    Christina Romer, the former chair of Obama's Council of Economic Advisers on Friday offered a rather strong opinion concerning the announcement by Standard & Poor's that the credit rating agency downgraded America's debt to AA+. Appearing on HBO's "Real Time," Romer said we're "pretty darn f--ked" (video follows with transcript and absolutely no commentary needed): ---- BILL MAHER, HOST: So, excuse my language, but we used to do a segment on this show called “How F—ked Are We?” (VIDEO CLIP) MAHER: I didn’t expect that there. This, just before we went on the air they said our rating got downgraded....
  • Former Top Obama Adviser Christina Romer: A Weaker Dollar Is Good For America

    04/07/2011 1:17:56 PM PDT · by SeekAndFind · 25 replies
    Yahoo Finance ^ | 04/07/2011 | Aaron Task, Daily Ticker
    Frustrated by "the suffering of real families," President Obama's former top economic adviser recently called for action: "If I have a complaint about policy these days, it's that we're not doing enough," Christina Romer said in a speech last month at Vanderbilt University. "I think there are tools we have tools we have that we can use, and I think it's shameful that we're not using them." With unemployment still near 9% and the "real" unemployment rate at 15.7%, "we can't afford not to do more," Romer tells me in the accompanying video. "For heaven's sake with this many people...
  • Christina Romer’s Memo to Obama: “It Takes a Plan to Beat a Plan”

    04/07/2011 10:05:18 AM PDT · by NormsRevenge · 5 replies
    Yahoo ^ | 4/7/11 | Stacy Curtin | Daily Ticker
    President Obama and Vice President Joe Biden met with Senate Majority Leader Harry Reid and Speak of the House John Boehner at the White House again last night. But, yet again there was no compromise about how to fund the federal government for the rest of the year. If you think this debate has gone on far too long, get ready for the battle over the 2012 budget! Chairman of the House Budget Committee Paul Ryan released his proposal earlier this week. Rep. Ryan's plan would cut $6.2 trillion dollars more over 10 years than Obama has proposed. "I certainly...
  • Former Top Obama Economist Fulminates Against "Shameful" WH Inaction on Jobs

    03/31/2011 5:58:43 AM PDT · by Reaganite Republican · 13 replies
    Reaganite Republican ^ | March 31, 2011 | Reaganite Republican
    "I frankly don't understand why policy makers aren't more worried about the suffering of real families..." Calling the Obama Administration's flippant lack of concern for a comatose labor market they've done so much to create "shameful", former Council of Economic Advisors Chair Christina Romer -who left the Administration last fall- spoke Tuesday at Vanderbilt University:  “I think there are tools we have tools we have that we can use, and I think it’s shameful that we’re not using them”: __________________________________________________________________________ ...the sharpness of her criticism reflected deep concern among many Democratic economists about a political consensus that the federal government has to rein...
  • Christina Romer: My Plan Failed (Outgoing Obama Economic Adviser Admits Fiscal Stimulus Failed)

    09/02/2010 9:01:16 AM PDT · by SeekAndFind · 48 replies
    Frum Forum ^ | 09/02/2010 | Tim Mak
    Dr. Christina Romer’s economic speech today, marking her last speech as an administration official, is an admission that the fiscal stimulus package that she helped craft has failed. Calling the economic recovery “insufficient”, she noted that a 0.6% drop in the unemployment rate still leaves unemployment unbearably high. “Real GDP is growing, but not fast enough to create the hundreds of thousands of jobs each month that we need to return employment to its pre-crisis levels,” she said. The Obama administration’s fiscal stimulus was meant to boost aggregate demand and get the economy going again. Estimates of GDP show that...
  • Romer: Lack of 'Recovery Act signs' Fuels Public Perception of Obama Failure

    09/01/2010 8:40:58 AM PDT · by kristinn · 48 replies
    Wednesday, September 1, 2010 | Kristinn
    >Not enough of these signs have been seen around the country, feeding the public perception of failure of Obama's $862 billion stimulus spending, according to retiring chief economic adviser Christina Romer. Photo via CNS News. Yes, that is what is in Christina Romer's farewell speech to be given later today at the National Press Club as she steps down as head of Obama's Council of Economic Advisers.Reuters and USA Today report based on White House released excerpts previewing the speech:"Because the final bill was a mixture of hundreds of measures, many of which don't come with Recovery Act signs or...
  • Please--No More Stimulus

    08/10/2010 3:35:31 AM PDT · by TigerLikesRooster · 17 replies
    Forbes ^ | 08/10/10 | Brian S. Wesbury and Robert Stein
    Please--No More Stimulus Brian S. Wesbury and Robert Stein 08.10.10, 6:00 AM ET Christina Romer, the chairwoman of president Obama's Council of Economic Advisers has announced her resignation. While some people say her departure is a sign of deep divisions in the Obama team, we take her comments, about getting along with Larry Summers and enjoying every minute of her tenure, at face value. You, of course, can decide for yourself. Romer's infamous forecast that the $800 billion Obama stimulus bill would keep the unemployment rate at or below 8% will go down in history as one of the worst...
  • GOP rep: Obama's 'in deep doo-doo'

    08/07/2010 10:59:20 AM PDT · by Sub-Driver · 49 replies
    GOP rep: Obama's 'in deep doo-doo' By Bridget Johnson - 08/07/10 01:08 PM ET Rep. Dan Burton (R-Ind.) said Friday that "a lot of people want to jump off" and follow Christina Romer out of the Obama administration. "When you see a ship starting to sink, a lot of people want to jump off," the congressman said on Fox Business Network. "And she is one." Romer, chairwoman of the president's council of economic advisers, announced Thursday that she was leaving Washington and returning to an economics teaching job at the University of California at Berkeley. "This president is in deep...
  • (Christina) Romer to quit as Obama adviser

    08/05/2010 5:34:33 PM PDT · by C19fan · 115 replies · 1+ views
    MSNBC ^ | August 5, 2010 | Domenico Montanaro
    National Journal's Victor will have the scoop in tomorrow's edition of the National Journal magazine that Obama economic adviser Christina Romer is quitting the post. It all stems from her feeling -- despite her title as chairwoman of the President's Council of Economic Advisers -- that Larry Summers has more influence with the president.
  • Romer: ‘It’s Aggregate Demand, Stupid’

    04/17/2010 11:38:35 AM PDT · by reaganaut1 · 10 replies · 420+ views
    Wall Streeet Journal ^ | April 17, 2010 | David Wessel
    Christina Romer, chair of the president’s Council of Economic Advisers, says the reason unemployment remains so painfully high is clear: It’s not the inadequacy or laziness of the workers or the long-standing mismatch between workers’ skills and employers’ needs. It’s the old-fashioned Keynesian diagnosis: Too little demand in the economy. “The overwhelming weight of the evidence is that the current very high—and very disturbing—levels of overall and long-term unemployment are not a separate, structural problem, but largely a cyclical one. It reflects the fact that we are still feeling the effects of the collapse of demand caused by the crisis....
  • Christina Romer on MTP: Economic Stimulus "Has Done Exactly What We Said It Would Do" (Video)

    04/04/2010 9:12:12 AM PDT · by Talkradio03 · 6 replies · 306+ views
    hotairpundit ^ | 4/4/10 | HAP
    If that is not enough, she then says: "We said it would save or create some 3 and a half million jobs, it's absolutely is on track to do that"...This right here is offensive...This is Obama's Chair of Economic Advisers on Meet the Press (Video)
  • What Obama's Not Going to Tell You About Jobs

    01/27/2010 12:26:08 PM PST · by JohnRLott · 9 replies · 616+ views
    Fox News ^ | January 27, 2010 | john R. Lott Jr.
    The major focus of President Obama’s State of the Union address tonight is expected to be on jobs. But as he pushes for more of the same solutions to get folks back to work maybe we should ask how well his policies have been working out after his first year in office. The White House recently announced that during the president’s first year between 1.5 to 2 million jobs were “saved or created” by the stimulus. When the December unemployment numbers were released, Christina Romer, President Obama's chairwoman of the Council of Economic Advisers, pointed out that while jobs were...
  • Sunday Morning Talk Show Thread 10 January 2010

    01/10/2010 5:07:31 AM PST · by Alas Babylon! · 427 replies · 10,553+ views
    Various driveby media television networks ^ | 10 January 2010 | Various Self-Serving Politicians and Big Media Screaming Faces
    The Talk Shows Sunday, January 10th, 2010 Guests to be interviewed today on major television talk shows: FOX NEWS SUNDAY (Fox Network): Sens. Jon Kyl, R-Ariz., and Jack Reed, D-R.I.; Democratic National Chairman Tim Kaine; Republican National Chairman Michael Steele.MEET THE PRESS (NBC): Gov. Arnold Schwarzenegger, R-Calif.; Kaine; Steele.FACE THE NATION (CBS): Sen. Dianne Feinstein, D-Calif.; Rep. Pete Hoekstra, R-Mich.THIS WEEK (ABC): Christina Romer, chairwoman of the White House Council of Economic Advisers. STATE OF THE UNION (CNN): Sens. John McCain, R-Ariz., and Joe Lieberman, I-Conn.; former Gov. Doug Wilder, D-Va.; Romer.
  • White House Economic Adviser: Jobs Picture is 'Still Terrible' (As if we didn't know)

    01/10/2010 8:40:41 AM PST · by SeekAndFind · 15 replies · 551+ views
    FOX NEWS ^ | 01/10/2010
    A top White House economic adviser said Sunday "you'll get no argument from" her on the need to improve the miserable jobs picture. Council of Economic Advisers chief Christina Romer said it's devastating that some workers have been unemployed for two years and that job losses were continuing nearly a year after passage of the so-called stimulus bill. The jobless rate remained at 10 percent in December as 660,000 people said they had left the workforce. But Romer couched the news by saying the siphoning of jobs from the market has slowed. "In the first quarter of 2009, when we...
  • Is Obama planning a $3 trillion income tax increase? (repealing all Bush tax cuts)

    11/17/2009 12:45:54 PM PST · by reaganaut1 · 42 replies · 1,882+ views
    Reuters Blogs ^ | James Pethokoukis
    Did I just see a trail balloon launched? Over at a Wall Street Journal conference, Christina Romer, chairman of President Obama’s Council of Economic Advisers had this to say about deficit reduction: But the chairman of the president’s Council of Economic Advisers admitted that health reform and a growing economy isn’t enough to bring down the deficit. She did mention one other place that revenue could come from: letting the Bush tax cuts expire. Me: Since Obama already wants to get rid of the income and capital gains tax cuts for wealthier Americans that expire at the end of 2010,...
  • Christina Romer: "Economy Has Walked Back From The Brink" (Video)

    11/06/2009 12:05:47 PM PST · by Talkradio03 · 10 replies · 358+ views
    hotairpundit ^ | 11/6/09 | talkradio03
    This team treats bad economic numbers the same way they treat bad election results,...tell the American people: what you're seeing is not what you're seeing...
  • Featherbedding stimulus job numbers

    11/02/2009 5:47:07 PM PST · by HokieMom · 8 replies · 591+ views
    Washington Examiner ^ | November 2, 2009 | Editorial
    When Vice President Biden greeted a group of labor leaders two weeks after President Obama took office, he said, “Welcome back to the White House” — a not-so-oblique reference to their lack of access during the previous eight years under the Bush administration. Judging by the White House’s claims of having “created or saved 650,000 jobs” with the $787 billion economic stimulus program, it appears those labor leaders taught the administration a thing or two during their visit. How else to explain the obvious featherbedding by White House officials in tallying the job numbers released Friday? Featherbedding occurs when paychecks...
  • Excerpts from Remarks by Christina Romer to the Center for American Progress

    10/26/2009 2:20:18 PM PDT · by Cindy · 3 replies · 360+ views
    WHITEHOUSE.gov ^ | October 26, 2009 | n/a
    Note: The following text is a quote: Home • Briefing Room • Speeches & Remarks The White House Office of the Press Secretary For Immediate Release October 26, 2009 Excerpts from Remarks by Christina Romer to the Center for American Progress WASHINGTON, DC- Christina Romer, Chairman of the Council of Economic Advisers will deliver remarks this afternoon at the Center for American Progress. The following are excerpts from her remarks. “In recent months, many have expressed concern about the budget deficit. This is a concern that President Obama and his entire economic team share.” *** “(Economists) Auerbach and Gale calculate...
  • White House economist defends healthcare; blames Bush for deficit

    10/26/2009 8:56:09 AM PDT · by markomalley · 27 replies · 1,027+ views
    The Hill ^ | 10/26/2009 | Eric Zimmerman
    A top White House economic adviser will make the case for healthcare reform this afternoon while taking shots at Bush administration policies. In a speech to the liberal Center for American Progress, Christina Romer, Director of the Council of Economic Advisers, will argue that the actions of the Bush administration--and not stimulus spending--were largely responsible for the current deficit. According to excerpts released by the White House, Romer will cite a study concluding that "roughly half of the long-run deficit is due to the policy actions of the past 8 years," while "just 3 percent of the long-run fiscal problem...
  • Obama Adviser Sees Limited Future Impact of Stimulus (unemployment will exceed 10% in 2010)

    10/22/2009 2:19:13 PM PDT · by reaganaut1 · 16 replies · 874+ views
    New York Times ^ | October 22, 2009 | Edmund L. Andrews
    One of President Obama’s top economic advisers warned on Thursday that the nation’s unemployment is likely to climb above 10 percent by the middle of next year and that job growth will remain anemic through the end of 2010. “Unemployment is likely to remain at its severely elevated level” through the end of next year, predicted Christina Romer, chair of the White House Council of Economic Advisors, at a hearing of the Joint Economic Committee of Congress. Ms. Romer said she agreed with private sector forecasters who expect that the economy will expand at a moderate pace through the end...
  • A Complete ABOUT FACE

    07/13/2009 5:22:15 PM PDT · by TheDailyChange · 7 replies · 735+ views
    The Daily Change ^ | 07132009 | TDC
    In an interview earlier today with CNBC anchor, Maria Bartiromo, Obama economic adviser, Christina Romer, was asked this question: “When the stimulus was first announced, the president said that he expected that in the coming years the administration based on the policies on economic revival could save or create 3.5 million jobs. At this point, does the administration know how many jobs have been created or saved?” Since the recession began, 6.5 million jobs have been lost, with Christina Romer, Council of Economic Advisers chair. http://www.thedailychange.com/a-complete-about-face/
  • Christina Romer On CNBC Tries To Explain Another 467,000 Job Losses In June (Video)

    07/02/2009 12:13:43 PM PDT · by Talkradio03 · 8 replies · 874+ views
    hotairpundit ^ | 7/2/09 | talkradio03
    Don't forget, Obama broke away from McCain in the polls last September during the economic crisis because voters saw Obama as the person to fix the economy. (fools)
  • [Chairman of president’s council of econ­omic advisers] Romer upbeat on US economy

    06/28/2009 11:57:48 PM PDT · by bruinbirdman · 10 replies · 582+ views
    The Financial Times ^ | 6/28/2009 | Krishna Guha
    The US economy will feel a substantial boost from the Obama administration’s emergency spending package over the next few months, says Christina Romer, a senior White House official, who has warned against tightening monetary and fiscal policy before recovery is well established. Ms Romer, chairman of the US president’s council of econ­omic advisers, told the Financial Times in an interview she was “more optimistic” that the economy was close to stabilisation. But while hopeful that America could yet experience a V-shaped recovery, she said it was much too soon to begin tightening policy: “We do not want to repeat the...
  • White House Forecasts No Job Growth Until 2010

    05/10/2009 3:27:07 PM PDT · by reaganaut1 · 36 replies · 1,419+ views
    New York Times ^ | May 10, 2009 | Joshua Brustein
    President Obama’s chief economics forecaster said on Sunday that the country was not likely to see positive employment growth until 2010, even if the economy began to grow later this year. Speaking on C-SPAN, Christina Romer, chairwoman of the White House Council of Economic Advisers, said that she expected the G.D.P. to begin growing in the fourth quarter of this year. Ben S. Bernanke, the Federal Reserve chairman, made a similar prediction last week. But Ms. Romer also said that she expected unemployment to rise even after the economy turns, saying that the G.D.P. has to grow at a rate...
  • Obama Adviser Romer Brags She Has 10 PhD Economists Working on the Economy - Video 3/7/09

    03/07/2009 8:20:45 AM PST · by Federalist Patriot · 43 replies · 1,114+ views
    Freedom's Lighthouse ^ | March 7, 2009 | BrianinMO
    Just listen to this video of White House Economics Adviser Christina Romer trying to reassure Americans that Obama has a team of really smart people working on the economy, and then tell me if you are reassured? She begins by bragging that she has a staff of 10 Ph.D Economists working on fixing the economy! I'm sure they are all just as bright as she is, which is firmly displayed in her answers to the questions put to her in this interview. Example: What are you going to do to help people losing their home keep a roof over their...