KY3 News (Free subscription) | 11/06/2009
Missouri Republicans hopped all over the new unemployment rate Friday, which hit double-digits for the first time in 26 years. GOPers said the 10.2 percent jobless number proved that the Obama administration's massive economic stimulus package failed to accomplish its intended goals, eight months after its passage. "While President Obama told us that the failed stimulus would keep unemployment...
Examiner (Free subscription) | 11/06/2009
White House economic adviser Christina Romer (ROH'-mur) says the 10.2 percent unemployment rate for October is a stark reminder of how much more needs to be done to get people back to work.
The Corner (Free subscription) | 11/06/2009
One of the obvious implications is that the stimulus spending is far from having the impact promised by the administration back in February. It is also a rather burning indictment of Christina Romer's ability to predict job-creation numbers. Remember that the statement about unemployment reaching 8.8 percent next year without the stimulus? Here is something intriguing: According to this piece in yesterday's...
Political Ticker (Free subscription) | 11/06/2009
(CNN) - Christina Romer, chair of the President's Council of Economic Advisors, released a statement Friday on the latest jobs report: “Today’s employment report contained both signs of hope for recovery and painful evidence of continued labor market weakness. Payroll employment declined 190,000 in October, continuing the steady trend of moderating job loss that began last spring. [...]...
Warning Signs (Free subscription) | 11/02/2009
By Alan Caruba I freely confess that I regard it as a triumph if I can balance my checkbook. My Father was a Certified Public Accountant and surely despaired of his second son (the first became a CPA!) who had no head for numbers. Like most Americans, though, I find it laughable, if not outright mockery, when the White House and the lapdog media tell me that the nation is now recovering from the recession....
The Corner (Free subscription) | 11/02/2009
. . . because it allowed Obama to get a lot of cash to the International Monetary Fund. At least, that's what Simon Johnson, chief economist at the IMF until August 2008, argues in the New York Times : our fiscal stimulus enabled President Obama to play a decisive leadership role at the G20 summit in April, bringing along both appropriate stimulus in other countries and timely support for the International...
Say Anything (Free subscription) | 11/02/2009
The Washington Examiner points out that Obama may has well just given 640,000 unemployed people $260,000 each as that probably would have had about the same impact as all his “stimulus” spending. Featherbedding occurs when paychecks are issued for nonexistent employees and the money goes directly into union coffers. Thousands of the jobs Obama officials say were saved or created by the...
The Swamp (Free subscription) | 10/31/2009
by Mark Silva President Barack Obama, pointing to the turnaround in the nation's Gross Domestic Product reported this week as a measure of a recovery underway, says today that it will take time to rebuild the sort of economy that provides for sustainable growth. "As I've said many times,'' Obama says in his weekly radio and Internet address, "it took years to dig our way into the crisis...
Brutally Honest (Free subscription) | 10/30/2009
That from this piece at Bloomberg: Heresy, thy name is Christina Romer. Last week, the chairman of President Barack Obama’s Council of Economic Advisers -- a position that carried the title “chief economist” until Larry Summers took up residence in...
Firedoglake (Free subscription) | 10/29/2009
Chair of the Council of Economic Advisers Christina Romer made this statement on the GDP increase of 3.5% in the third quarter: “Data released today by the Commerce Department show that real GDP grew at an annual rate of 3.5 percent in the third quarter of the year. This is in stark contrast to the [...]
Townhall.com (Free subscription) | 10/29/2009
Do you remember the famous chart that Christina Romer, then the chief architect of President Obama's plan and now Chairman of Obama's Council of Economic Advisors, produced to help sell the President's "stimulus" plan...
AMERICAblog (Free subscription) | 10/27/2009
This is very good . It's the kind of thing administration officials should be saying: Dr. Christina Romer, Chair of the Council of Economic Advisers, said that she had "personally been quite persuaded that the public option can be an important source of cost growth containment," during a speech at the Center for American Progress. Romer cited a case study of counties in California where the...
Horserace (Free subscription) | 10/26/2009
President Obama's Economic Adviser Says She is "Personally Persuaded" the Public Option Would Slow Down Rising Health Costs
ColoradoPols.com - Front Page (Free subscription) | 10/25/2009
Last Thursday night, Colorado Reps. Mike Coffman and Doug Lamborn spent an hour on the floor of Congress logging their opposition to health reform legislation into the record. From said Congressional Record: The SPEAKER pro tempore. Under the Speaker's announced policy of January 6, 2009, the gentleman from Colorado (Mr. COFFMAN) is recognized for 60 minutes as the designee of the minority leader....
Cadillac Tight (Free subscription) | 10/24/2009
It’s a good thing that the Stimulus has worked beyond some people’s wildest dreams, because, according to Christina Romer, the chair of President Barack Obama’s Council of Economic Advisers, it is pretty much done creating jobs until…well…nobody knows. Christina Romer, chair of President Barack Obama’s Council of Economic Advisers, said that even though the economy...
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