teapartysamurai
Gold Member
- Mar 27, 2010
- 20,056
- 2,562
- 290
Christina Romer, the departing chair of the White House Council of Economic Advisors said Americas economic turnaround has been insufficient. She added that the current 9.5 percent unemployment rate is an unacceptable level by any metric. Romer also admitted that her prediction that the American Recovery and Reinvestment Act (ARRA) would bring unemployment down to 8 percent was so far off.
Romer admitted that her original prediction of unemployment not exceeding 8 percent if Congress passed the $787 billion Recovery Act was so far off.
What the act hasnt done ... is prevent unemployment from going above 8 percent, something else that Jared [Bernstein] and I projected it would do. The reason that prediction was so far off is implicit in much of what I have been saying this afternoon, she said
CNSNews.com - Chief White House Economic Advisor Admits Her Forecast on Unemployment Was 'So Far Off'
Gee, you think???????
Dumb Dumbs!