Christina Romer Takes an Honest Look at the Stimulus

By: Monday October 22, 2012 11:00 am

The constant backwards-looking nature of our political debate means we don’t put as much of a focus on that which could move us forward, regardless of the slip-ups in the past. But from a historical point of view, it’s important to properly assess the past so we learn something from it. In that spirit, I highly recommend Christina Romer’s honest take on the stimulus.


The Roundup

By: Tuesday September 11, 2012 5:51 am

❖ An unidentified prisoner at Guantanamo has died; “investigation pending into cause”.

FDL Book Salon Welcomes Michael Grunwald, The New New Deal: The Hidden Story of Change in the Obama Era

By: Saturday August 18, 2012 1:59 pm

When President Obama signed the American Recovery and Reinvestment Act into law on February 17, 2009, the program’s place in American history was widely remarked. It was the greatest stimulus effort since Franklin Roosevelt’s New Deal.

But this was incorrect: By every measure, Obama’s stimulus was far greater than FDR’s New Deal.

And Still We Ask: Where Are The Jobs?

By: Sunday April 10, 2011 7:00 pm

It has been almost a year now since I wrote my first little post here in my own corner of the toobz. In my first few posts (here, here, here, and here), I concentrated primarily on discussing my professional skills as well as the holes in my skill set. I also tried to discuss the perspective of being one of the long term under-employed and how it can have a day-to-day impact on the individual.

Does the Administration See Tax Cuts as the Only Stimulus Left?

By: Monday October 25, 2010 3:15 pm

Christina Romer is out of the White House, but I gather her op-ed in the New York Times doesn’t differ from what they believe there. But if the tax cuts are seen as the only viable fiscal stimulus left, we’re not headed down a good path in terms of jobs for the next several years.

Where Was Tim Geithner’s and Larry Summers’ Stress Test?

By: Saturday September 25, 2010 9:00 am

In early 2009, the Administration proposed to put the banks through “stress tests” to see how they’d survive more adverse scenarios. So why didn’t the economic team also have a test in case their own recovery plans proved to be insufficient?

Goolsbee to Head Council of Economic Advisers

By: Friday September 10, 2010 7:45 am

Austan Goolsbee, the chief economist during the Presidential campaign and a member of the economic team currently, will become the new head of the Council of Economic Advisers, replacing Christina Romer. If Romer’s tenure on the CEA is any expectation, Goolsbee will spend his time there butting heads with Larry Summers and being stymied on getting his advice to the President.

In Farewell Speech, Romer Calls for More Stimulus

By: Wednesday September 1, 2010 6:30 pm

In her final speech as a public official, the now former chair of the Council of Economic Advisers, Christina Romer, explained that the country required more stimulus to raise aggregate demand, and that failure to do so leaves “unemployed workers to suffer.”

Late Night: Jane Hamsher on Obama’s Boys’ Club That Won’t Listen to Women Who Were Right

By: Friday August 6, 2010 8:00 pm founder Jane Hamsher appeared on MSNBC this afternoon with host Cenk Uygur. The topic for discussion was the evolving story that Christina Romer’s resignation as head of President Obama’s Council of Economic Advisers is symptomatic of a larger problem of women not being treated equally within the Obama administration. Hamsher describes how, especially within the White House economic team, women who were right about the economic meltdown are ignored in favor of the men on the team who were “aggressively wrong” in making both the decisions that led to the disaster as well as current decisions that are not improving the situation sufficiently.

Christina Romer to Resign

By: Thursday August 5, 2010 6:35 pm

Chair of the President’s Council of Economic Advisers Christina Romer will become the second member of the White House economic team to resign in a few months, according to Reid Wilson. But unlike Peter Orszag, who was reportedly burnt out, Romer is resigning in frustration with the inability to penetrate the inner circle of Larry Summers and Tim Geithner, and reach the President on economic issues. This is a much more revealing resignation.

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