Economy Update

with Christina Romer
in Current Affairs, Business
on Tuesday, April 14, 2009 * * * * *

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Economy Update with Christia Romer, Chair of the Council of Economic Advisers

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Keywords:
economy
Obama
Economics

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  • Comments 6
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    1. pung  04/27/2009 01:16 AM Report

      boring shit charlie. get something people want to watch

    2. chuckster  04/18/2009 01:28 AM Report

      I sure wish Obama would get rid of this flake Christia Romer. If he can't find anyone better than her to be Chair of the Council of Economic Advisers we are really hurting. Oh boy she studied the great depression. I'm impressed. So... :) :) :) :) gang...

    3. doodahdaze  04/17/2009 09:23 AM Report

      Hmmm, maybe giving the face of corruption an Aunt Bee face will restore confidence. Thanks Andy Griffith... Oh yeah, I almost forgot, she was in "Rosemary's Baby". Well scratch that.

      I caught around 3-4 lies. I'm glad I'm not smarter, for I am sure I would have cringed a whole lot more.

    4. Ryszard21  04/16/2009 11:51 AM Report

      Thank you, Mr. Rose, for including in your conversation with Ms. Romer a brief video of some highlights of President Obama's Apr-14-2009 speech at Georgetown University re the economy. I suggest REMant find and read the full text of the speech. REMant's statement that "Everything the president said yesterday about the economic situation is completely wrong," is simplistic, narrow-minded and dead wrong. "That is really all that really needs to be said about it."

    5. tartufe  04/15/2009 08:50 PM Report

      The big banks should defer to the small - and then offer themselves up for fines and incarceration commensurate with the abject misery they created. The duplicitous enabling pols should accompany them in lock step.

      Tee hee. Redemption is the stuff religions are made of. Corruption is the stuff realities are made of. So pop your champaigne corks Bobby Rubin et al. Maybe in the next life . . . .

    6. REMant  04/15/2009 02:50 PM Report

      Everything the president said yesterday about the economic situation is completely wrong. That is really all that really needs to be said about it. And the speech was in that respect the same as all the rest of his to date. As before, he promised he would change all of the things that put us in this situation, but the problem is that he is continuing to do all the things he says he will stop. Does that make sense? Roubini said the day before that Goldman Sachs' "profits" were made by highly-leveraged hedging with free TARP money. Is that a glimmer of hope? Besides this, his perpetual nonsense about affliction and hope has psychological and religious overtones that everyone should be anxious about. And the reason given why the banks were not put into receivership as required by law - that it would end up costing the public even more money - makes no more sense. Like all Keynesians (who all, btw, happen by a strange coincidence, to be students of the Great Depression*), Ms Happy Face believes that credit or money creation must come before savings, indeed they believe that is the way savings are created. It was this that got us into this situation, and it cannot get us out of it. This was the approach taken at the beginning of this country, when every scrap of money was sent to import goods from abroad. If we had not been doing that then, as we are doing now, then we wouldn't have had to be creating banks out of thin air, as we are doing now. You can't face up to your problems when you continue to create moral hazard. Woman is acting the part of a dolt.

      *In line with the typical kind of research done by ppl of Whig persuasion, it focuses not on what happened, but on what they think should have happened, there being no confirmation to be found of Keynesian theory. We seem in this regard to have merely exchanged enthusiasts of the right for enthusiasts of the left.

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