Friday, September 17, 2010

Economic Advisor Romer Gone; Goolsbee Takes Over Job


With stellar qualifications:
From the Obama Administration, “He’s young and energetic and good on TV." http://www.politico.com/news/stories/0910/41959.html

And hopefully, less candid than Christina Romer (now the former head of President Obama's economic advisors) who left saying that she had no idea why the economy went so far downhill and that she had no idea how to fix it. However, she defends Obama's stimulus spending, saying,
"As the Council of Economic Advisers has documented in a series of reports to Congress, there is widespread agreement that the [stimulus] act is broadly on track." How did she come to that conclusion, may I ask?
Meanwhile, the new Head Economic Advisor Goolsbee asserts that "the summer of recover" touted by the Vice President didn't really mean economic recovery--Mr. Biden was only referring to the Recovery Act that would be put in place.
And by the way, don't be looking for any economic recovery any time in the near future.

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