More stimulus is needed to relieve unemployment, Council of Economic Advisers Chairman Christina...


More stimulus is needed to relieve unemployment, Council of Economic Advisers Chairman Christina Romer says in prepared remarks for a parting speech before a return to academia: "We have tools that would bring unemployment down without worsening our long-run fiscal outlook, if we can only find the will and the wisdom to use them."
Comments (14)
  • Duude
    , contributor
    Comments (3413) | Send Message
     
    Just $5 trillion more and we'll be in the promised land.
    1 Sep 2010, 01:44 PM Reply Like
  • enigmaman
    , contributor
    Comments (2868) | Send Message
     
    "We have tools that would bring unemployment down without worsening our long-run fiscal outlook, if we can only find the will and the wisdom to use them."

     

    Why didnt we use them from the very start?
    1 Sep 2010, 01:45 PM Reply Like
  • nasdaq99
    , contributor
    Comments (114) | Send Message
     
    yup, it takes "will" to resist the temptation to sell out your grandchildren with free money and it take "wisdom" to know that it's a stupid idea to begin with.

     

    we have neither in our government today.
    1 Sep 2010, 01:46 PM Reply Like
  • eggfaced
    , contributor
    Comments (292) | Send Message
     
    Wow way to pee on the fire before you leave. Now its gonna stink for everyone when we get more stimulus that just drags us deeper into a no growth inflationary depression.
    1 Sep 2010, 01:48 PM Reply Like
  • Poor Texan
    , contributor
    Comments (3527) | Send Message
     
    Looks like a Carter redux. Did they bring all those losers back to Washington? Oh, excuse me, we're the losers.
    1 Sep 2010, 01:54 PM Reply Like
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    Ahh yes, Christina "get your fresh baked cookies" Romer.

     

    Idiot.
    1 Sep 2010, 01:54 PM Reply Like
  • long-short
    , contributor
    Comments (58) | Send Message
     
    pay attention people! she said "without worsening our long term fiscal outlook". she's trying to tell y'all that can't get any worse because it's so far in the shitter already that another trillion or two is just another penny on the dollar of all the defaults we'll be making to US bondholders, pensioners, healthcare "benificiaries" etc.
    1 Sep 2010, 01:54 PM Reply Like
  • paulseglund
    , contributor
    Comments (94) | Send Message
     
    Good riddance-keep your poisonous ideas & policies to yourself.
    1 Sep 2010, 01:56 PM Reply Like
  • lafano
    , contributor
    Comments (219) | Send Message
     
    Christina, just go away...you had your chance and blew it. Create a budget (I can't recall when we as a country didn't have a budget), reduce spending, extend the Bush tax cuts and reduce Corporate taxe and you'll see more hiring and the market move out of this trend.
    1 Sep 2010, 01:58 PM Reply Like
  • User 489326
    , contributor
    Comments (270) | Send Message
     
    This post looks and smells like ultra conservative Bear sh*t to me.
    1 Sep 2010, 02:09 PM Reply Like
  • lafano
    , contributor
    Comments (219) | Send Message
     
    Baring politics, Im hoping for a better market to bring greater prosperity to everyone (including pension plans) taking the risk. However, I must admit, that I beleive in "fiscal responsibility."
    1 Sep 2010, 02:17 PM Reply Like
  • Tack
    , contributor
    Comments (16267) | Send Message
     
    The more air the Government sucks up, the "weezier" we'll remain.
    1 Sep 2010, 02:07 PM Reply Like
  • davidbdc
    , contributor
    Comments (3194) | Send Message
     
    Well perhaps she should have spoken up about the will and wisdom part when Reid and Pelosi were giving away 800 Billion to their political cronies. Perhaps you should have spoken up against merely giving money to the states to keep bureaucrats instead of building actual infrastructure that leads to economic growth. Perhaps you should have spoken up and demanded Fannie/Freddie get reformed. Perhaps you should have spoken up and demanded the government get out of the housing subsidy market and let housing find a bottom.

     

    Its a bit late in the game to suddenly want will and wisdom to prevail given that she exhibited not an ounce of either. Good-bye and good luck finding that sub 8% unemployment you promised if the stimulus - er I mean political theft - package was passed.
    1 Sep 2010, 02:08 PM Reply Like
  • Matthew Green
    , contributor
    Comments (457) | Send Message
     
    The keyword here is wisdom. Whose wisdom? Every new initiative brought about by politicians involves wisdom, and it's one of those words that supposedly generates positive feelings.

     

    Ironic she says had the Fed not acted so swiftly, the downfall would have been even more catastrophic. Gosh, I wish we had her in there in August 2007! I don't see much in the speech that hasn't been said. Even the title, "Not My Father's Recession," represents pretty much every American's case. Doesn't matter, she's leaving anyway. Good riddance, and enjoy bestowing your wisdom on students at Berkeley. Couldn't have picked a better venue.
    1 Sep 2010, 02:20 PM Reply Like
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