Posts Tagged ‘Christina Romer’

White House Economic Advisers Admit Stimulus a Failure

October 23rd, 2009 1 comment

Christina Romer Chief WH Economic AdvisorWASHINGTON: Yes, you read that headline right. White House economic advisers admit that the stimulus is a failure in terms of economic growth and creating jobs. Christina Romer, Chairwoman of the White House Council of Economic Advisers testified before Congress’ Joint Economic Committee on Thursday. Her testimony (here) rebuts White House and Congressional assertions that the Stimulus package has just started to do its job, and that the best is yet to come. Contrary to party-line propaganda she had this to say about the Stimulus Package:

Most analysts predict that the fiscal stimulus will have its greatest impact on growth in the 2nd and 3rd quarters of 2009. and by mid 2010 fiscal stimulus will like be contributing little to further growth.

NIP compliments truth-teller Romer. It takes a chutzpah to admit the truth when you work in this White House. Read more…