Christina Romer, Chairwoman of President Obama’s Council of Economic Advisers, Has Decided to Resign
And so it begins, they are scurrying from the S.S Obama …
President Obama’s Council of Economic Advisers, Christina Romer, has decided to resign according to reports. Sources inside the White House say that she has bee frustrated in her job. Who would not be frustrated when you have to spin a complete failure as success. What a settling sign for Americans and the economy as the Chairwoman of President Obama’s Council of Economic Advisers flees the ship.
Christina Romer, chairwoman of Pres. Obama’s Council of Economic Advisers, has decided to resign, according to a source familiar with her plans.
Romer, an economics professor at the University of California (Berkeley) before taking the key admin post, did not respond to repeated calls to her office.
“She has been frustrated,” a source with insight into the WH economics team said. “She doesn’t feel that she has a direct line to the president. She would be giving different advice than Larry Summers [director of the National Economic Council], who does have a direct line to the president.”
Frustration with the slow job growth? Maybe the frustration is from the fact that Christina Romer knows better ane that Obamanomics are a complete disaster. Romer knows that tax hikes mean loss of jobs and that is exactly what Obama intends to do. Christina Romer had no choice to resign, especially when she and her husband David Romer wrote “The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks.”
In short, tax increases appear to have a very large, sustained and highly significant negative impact on output… the more intuitive way to express this result is that tax cuts have very large and persistent positive output effects.”
Who will be the next off the SS Obama and get away from this disastrous Presidency as fast as possible?