Christina Romer, Former Top Economist: Obama Administration 'Shamefully' Ignoring Unemployed

[democracy1st]

On Tuesday, the Obama administration's former top economic advisor expressed her frustration with the government for not doing enough to help unemployed Americans.

“I frankly don’t understand why policy makers aren’t more worried about the suffering of real families,” Christina Romer, former chair of the Council of Economic Advisors said at a discussion at Vanderbilt University, according to Politico. "I think there are tools we have that we can use, and I think it’s shameful that we’re not using them."

Speaking at the university in Nashville on Tuesday, Romer called 8.9 percent unemployment "an absolute crisis," adding that there were fiscally responsible ways to help unemployed Americans, without adding to the deficit, Politico reported.

As she was leaving the Obama administration last September, Romer, now professor of economics at the University of California, Berkley, called for more government spending and fewer taxes. She also called on the government to invest in infrastructure and make new trade agreements.

http://www.huffingtonpost.com/2011/03/24/christina-romer-shameful_n_840074.html

[HughBeaumont]

1. Uh, it's because the war corporatists bought the party.

If you vote "Democratic" nowadays, it's pretty much to keep "Teh Jesus" out of national and social matters.

[HereSince1628]

2. High unemployment creates a business friendly environment...

In some calculus the dollars saved in wages (which would be higher with full employment) are greater than the lost sales due to the failure of the unemployed to consume.

[SolutionisSolidarity]

3. She must have Obama Derangement Syndrome.

She never supported him.

[democracy1st]

4. interesting never knew that!