Obama Team Flip-Flop Alert!

Commonwealth Conservative ^ | 1/9/2009 | C. E. van Avery

[SolitarySaint]

Obama Team Owes Americans An Explanation

David Brooks points out today in his column in the Times that Obama's chief economic advisor, Christina Romer, has executed a major flip-flop on her previous position that fiscal stimulus efforts have no measurable impact on economic recovery.

Christina Romer is Barack Obama’s choice to lead his Council of Economic Advisers. In 1994, Romer and her husband, David, wrote an essay entitled “What Ends Recessions?” ... The Romers surveyed the recessions of the previous 50 years to try to reach some conclusions about what works. “Our central conclusion is that monetary policy alone is a sufficiently powerful and flexible tool to end recessions,” they wrote. Automatic spending policies like unemployment insurance have sometimes helped. Discretionary policies, like tax cuts and stimulus plans, have not been of much use. As they put it: “Discretionary fiscal policy, in contrast, does not appear to have had an important role in generating recoveries.”

[bergmeid]

None of these morons have a clue.

[mjp]

Christina Romer, has executed a major flip-flop on her previous position that fiscal stimulus efforts have no measurable impact on economic recovery

to make big government bigger.