31 March 2011

Former Top Obama Economist Fulminates Against "Shameful" WH Inaction on Jobs

"I frankly don't understand why policy makers aren't 
more worried about the suffering of real families..."

Calling the Obama Administration's flippant lack of concern for a comatose labor market they've done so much to create "shameful", former Council of Economic Advisors Chair Christina Romer -who left the Administration last fall- spoke Tuesday at Vanderbilt University: 

“I think there are tools we have tools we have that we can use, and I think it’s shameful that we’re not using them”:

...the sharpness of her criticism reflected deep concern among many Democratic economists about a political consensus that the federal government has to rein in expensive attempts to restart the economy even as rising oil prices again put a damper on growth.

“We need to realize that there is still a lot of devastation out there,” Romer said, calling the 8.9% unemployment rate "an absolute crisis."

“If I have a complaint about policy these days, it’s that we’re not doing enough," she said. "That goes all the way up to the Federal Reserve, [which] could be taking more aggressive action. It goes to the Congress and the Administration – there are fiscal policy actions they could be taking.”

“And don’t tell me you can’t [take those actions] because of the deificit because I think there are fiscally responsible ways,” she said.

Romer suggested that extending the payroll tax break to the employer side of the payroll tax could spur the economy; she suggested that Congress simultaneously pass a comprehensive, long-term plan for reducing the deficit.

And while some of the "action" Romer proposes -more spending and $ printing- is surely not the answer, anyone outside of the ether-saturated pom-pom media can see that our preening, vacationing, and ceaselessly campaigning fiasco-of-a-president isn't doing anything even slightly effective in helping millions of out-of-work Americans to pull themselves up by the bootstraps. 

Rather, Obama's got them glued hard to the government teat... as he prefers his serfs to be.