Free Republic

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...

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...

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...

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...

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/

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)

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...

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...

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...