NAVIGATOR: "I don't know. But we're making excellent time!"
Old Navy Joke.
Posted on 09/02/2010 11:17:12 AM PDT by blueyon
Christina Romer exits the administration this month, and perhaps she felt compelled to engage in a little truth telling. If so, that may have been a little more truth than the people at the National Press Club, who had gathered to hear her valediction as chair of the White House Council of Economic Advisers, had prepared themselves to handle. Dana Milbank describes how depressing it was to the gathered media to have someone on the inside of the Obama administration tell them that the emperor and his staff have no clothes when it comes to the economy:
She had no idea how bad the economic collapse would be. She still doesn’t understand exactly why it was so bad. The response to the collapse was inadequate. And she doesn’t have much of an idea about how to fix things.
What she did have was a binder full of scary descriptions and warnings, offered with a perma-smile and singsong delivery: “Terrible recession. . . . Incredibly searing. . . . Dramatically below trend. . . . Suffering terribly. . . . Risk of making high unemployment permanent. . . . Economic nightmare.”
Anybody want dessert?
(Excerpt) Read more at hotair.com ...
NAVIGATOR: "I don't know. But we're making excellent time!"
Old Navy Joke.
“Dana Milbank describes how depressing it was to the gathered media”
Tissue!
“Romer admitted that no one at the White House understood the fundamentals of this recession, “
This is news?
By George F. Will(Excerpt) Sunday, November 30, 2008
The assumption is that the New Deal vanquished the Depression.
"I say after eight years of this administration we have just as much unemployment as when we started," lamented Henry Morgenthau, FDR's Treasury secretary. Unemployment declined when America began selling materials to nations engaged in a war America would soon join.
The Hussein regime has FAR MORE than a clue when it comes to their DELIBERATE destruction of the US economy.
Excerpts from White House CEA Chair Christina Romer’s LinkedIn Q&A on SMB health care reform
http://www.youtube.com/watch?v=Ym7XruCdYZk
****She is in (as all of them are) over her pay grade.****
Well, yes, I agree with you. But in this case, I think she’s a rat deserting a sinking ship, and speaking carefully so that she can get another lib job.
She just needs a lot more Hayek and a lot less Keynes.
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