WH economic advisor Christina Romer admits stimulus bill a BUST!

Discussion in 'Politics' started by oreo, Oct 27, 2009.

  1. oreo
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    oreo Gold Member Supporting Member

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    It's no wonder that this administration hates FOX NEWS. Here is Obama's chief economic advisor Christina Romer basically stating that the 787 BILLION dollar economic stimulus bill is a BUST. In this video she states that was has been done to improve the economy in the 2nd & 3rd quarter of 2009 has been done. She expects to see little improvement into mid--2010 & after mid 2010 no improvement at all in relation to the economic stimulus bill. She expects unemployment to remain high.

    [ame=http://www.youtube.com/watch?v=uo7YMGeFBHs]YouTube - Charles Krauthammer -- "The Stimulus (Package) Is A Bust," and It Ballooned the Deficit -- FOX News[/ame]
     
    Last edited: Oct 27, 2009
  2. kyzr
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    kyzr Gold Member

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    Its refreshing to see one of Obama's folks actually speaking the truth instead of toeing the Obama line about the stimulus. If Romer is correct and unemployment remains high during 2010 the dems will be in for a shellacking in the mid-term elections. If they try to pass a stimulus-2 after an ineffective $787b was spent, that would be devastating as well.

    I want to see the "jobs czar" actually step up and say why jobs are being lost, and what he recommends to create jobs and wealth. My recommendations are:
    1) pass laws to allow off-shore drilling
    2) pass laws to stop tax breaks for moving factories overseas
    3) pass laws to give tax breaks for domestic job creation (aka Corporate Welfare)
    4) pass laws to allow drilling in ANWR (a job is a job, a bbl a bbl)
    5) pass laws to allow the quick deportation of illegals (a job is a job, unless its a Mexican job)
    6) pass laws to assess other countries for the costs of their illegals here (medical, prison, deportation, legal, etc)
     
  3. toomuchtime_
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    toomuchtime_ Gold Member

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    It wouldn't surprise me if there are as many people in the Obama WH who are sick of being associated with WH lies about the "successes" of WH economic policies as there were people in the Clinton WH who were sick of being associated with his lies about his sex and corruption scandals.
     
  4. ba1614
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    ba1614 Silver Member

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    She'll likely be thrown under the bus and blamed for the stimulus failure, by weeks end.:eusa_eh:
     
  5. Intense
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    Intense Senior Member

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    What Stimulus? The Government Workers Wage and Benefit Stimulus?
     
  6. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Typical White Behavior by Ms. Romer. I'll bet she calls Obama "President Buckwheat" behind his back

    The Stimulus is a Failure! We Need Mo' Stimulus!!!
     
  7. saveliberty
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    saveliberty Diamond Member

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    WH economic advisor Christina Romer admits stimulus bill a BUST! This is the thread heading. Mz. Romer did not say that, Mr. Krauthammer did.

    The facts I gleaned from the video were:

    2.7m unemployed.
    If jobs were saved, it was in the finance industry and government jobs.
    40% of the stimulus has been spent.
    The benefits of what has been spent has already had its effect. The WH disagrees.
    Job are unlikely to recover much in the next two quaters.
     
  8. CrusaderFrank
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    CrusaderFrank Diamond Member

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    While we're on the topic, Ewa Sonnet is a real bust too

    [​IMG]
     
  9. Maple
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    Maple Senior Member

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    Yes, and even after stating it, it was not like she paused and corrected her statement, like she made a mistake and misspoke, she said exactly what she intended to say. She meant it, that's why the room went dead quite.

    If you read the no stimulus stimulus bill you will see very clearly that it was never designed to stimulate the economy or grow jobs, it was a liberal democrat wish list that was stuck in a drawer for 20 years and brought out, dusted off and passed without anyone having the time to read it. :cuckoo:

    Reagan inherited a terrible recession from Jimmy Carter, he took 8 months to study the problem and then passed across the board tax cuts, which in turn created 20 million new jobs which INCREASED THE REVENUE TO THE GOVERNMENT, because everyone was working and everyone was paying taxes. :lol::clap2::clap2:
     
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  10. Maple
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    Maple Senior Member

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    Well, when you say the stimulus will be done stimulating in mid 2010, I think anyone with a brain would call that a bust. BTW she is the WH's chief economist, she was appointed by Obama, he thought she was smart.

    BTW it's not 2.7 million unemployed, it's more like 15 million unemployed, once you are dropped off the unemployment roles you are not counted.
     
    Last edited: Oct 27, 2009

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