OMG! Obama Economic Adviser Romer Calls For More Spending On Her Way Out
Ah yes, it makes perfect sense now. Kids, meet San Francisco Fed's soon-to-be Chief Executive Inflater. The rumors must be true, she's a perfect fit to replace current Chief Executive Inflater Janet Yellen.
Spend spend spend!!
WSJ's Washington Wire:
In her final speech before returning to academia, Romer offered a defense of the measures taken so far, in particular the Recovery Act. She said the economic stimulus program prevented a much worse recession but said more needs to be done to get the economy back on track.
“Policymakers need to find the will to take the steps needed to finish the job and return the American economy to full health,” she said in the address at the National Press Club.
Romer, who chairs the Council of Economic Advisers, has long been seen as an advocate for spending more than many in Congress – and some within the White House – have been willing to stomach. She made that stance clear in her remarks, saying “The only surefire ways for policymakers to substantially increase aggregate demand in the short run are for the government to spend more and tax less.”
And you wonder why we're doomed, look at the people Obama chose to surround himself with. I'm suuuuuure not spending enough was totally our problem. Are you fucking kidding me? This is so backwards even John Maynard Keynes himself would question her logic.
Don't let the door hit you on the way out, Christina.