Wednesday, January 6, 2021
Christina Roemer
Berkeley economics professor Christina Romer, a former chairwoman of the Council of Economic Advisers under Barak Obama, has come out against stimulus checks.
She has some kind of wacky technocratic micro-management Keynesian objection, but at least she is against them unfortunately, she is not against all additional government spending.
Her Keynesian view is that stimulus checks certainly do something, but the bang-for-the-buck was not particularly high compared to other forms of aid.
Speaking via videoconference this weekend at the annual American Economic Association meeting, Romer said: They just go to everyone below a certain income level. And to the degree that they work, they stimulate spending overall, which is not necessarily desirable during a pandemic.
report today. it is a crippling blow to the president s reelection, forget the spin, the idea that after three years of all this phony stimulus producing a meager 115,000 jobs on top of the pathetic 2.2% gdp is insulting to the average taxpayers intelligence and wallets. it s just awful and to recoin a phrase from governor mitt romney iets still the economy and people aren t stupid. we ll take up the topic with our free market panel and look at the market, we ll look at politics, we ll look at the economic fall-out of the jobs report, i ll tell you folks, something has to change, and that change had better be a return to free market capitalism to save this country s future. we re going do have a rice-moore debate tonight, will my pal robert rice admit that big government spending has been an be abject failure. the obama administration, crew crucify the fracking boom? i will talk the wyoming governor about the pipeline. the miserable jobs numbers slammed down stocks. the dow o
party rally. participants are gathering on capitol hill in washington, d.c. near the supreme court. among the speakers, herman cain, the virginia attorney general joined by members of congress and local tea party at this activists from around the country. this week on washington journal, the director of the consumer financial protection bureau. he will talk about some investigations the bureau is taking. president obama named him as the director with a resources appointment. newsmakers purse sunday at 10:00 a.m. and 6:00 p.m. on c- span. air at 10:00 a.m. and 6:00 p.m. on c-span. i remember watching in horror as my mother s head lay on the chopping block of our kitchen counter as she cried and begged. sonja sohn starred in the wire and started and started rewired for change. we are looking for real healing. what has unfolded is that what we want to see is a deep level of healing in the life of a young person and in the lives of the entire community. more sund
pursuing the challenge of the affordable care act, suggesting we had no authority. but in their own bill, the findings cite interstate commerce as a basis for writing this bill. but, there are some friends over there that just caught it and one of the amendments from another gentleman from georgia strikes the finding. this is the have your cake and eat it, too, because they know that tort law has for long time been the prerogative of states. and so to cite president reagan when he gave this talk on tort law in 1986, his words, over the years, tort law has help us drive the negligent out of the marketplace. this has permitted innovatives to take its course. the president agrees that tort law drives the negligence out of the arena. he then goes on to say, to be sure as he put together this task force, many tort law would need to be reformed, and he says, in our federal system of government, this is only right. and so my friends cannot deny that h.r. 5 implodes state law. it tak
trillion to fix the hole in the economy. they only gave president an option for $850 billion, that was the highest option they presented to him. i don t think they could have gotten the full $1.8 trillion, but they certainly left a couple hundred billion dollars on the table. second, between late 2009 and early 2010, there was a period there where the team was totally paralyzed. you had one faction that was adamant that the deficit had to be reduced. you had another faction, christina roemer this time joined by larry summers thinking this recovery is starting to wobble and we need to reinforce it. they were so at odds that paralysis was the result. that s what duration? late summer of 09 through the spring of 2010. third reason? third thing is in 2011, republicans get elected and they re adamant about slashing government, and instead of trying to make the case this economy still needs help, they go down this 3 1/2-month dead end of negotiating over a deficit deal that is never