Another White House Resignation

[199er]

Christina Romer, one of President Barack Obama's most pivotal economic advisers, is resigning, a change that comes as the White House struggles to show signs of clear economic gains to a hurting nation.

Romer, the head of the Council of Economic Advisers, announced her resignation Thursday, effective Sept. 3. She becomes the second high-level Obama aid to leave this summer, following the resignation of White House Budget Director Peter Orszag.

A person close to Romer said she is a top contender to be named president of the Federal Reserve Bank of San Francisco, an appointment that would be made by the regional organization's board of directors. The source spoke on condition of anonymity because a decision has not been made.


............The white House claims we are on the road to recovery but we still have double digit unemployment and Romer, who resigns just happens to be the top contender for the appointment as president of the Federal Reserve Bank of San Francisco

"sniff, sniff"...............anyone smell anything???


The complete article here:

http://www.rr.com/news/topic/article/rr/9008/17979018/Romer_key_Obama_economic_aide_resigning

[armedandsafe]

Rats ... Ships ... Yes there is something in the air, indeed.

Pops

[Terry_P]

She did such a great job with the economy she is a leading contender. Just listen to Obozo praise himself for the great job he is doing with an unchanged 9.5% unemployment rate. Remember the stimulus was crafted by her and she said if passed it would keep unemployment at 8%. That economic albatross has been hung around the democrats neck and is really starting to stink as each months failed economic growth details become available. The 2010 elections are getting close so someone had to take the bullet. She'll be taken care of after November but during the lame duck session.

[kingchip]

Probably hard to swallow when you have spent your whole career promoting Keynesian economics and learn it doesn't work.

[armedandsafe]

Probably hard to swallow when you have spent your whole career promoting Keynesian economics and learn it doesn't work.

The problem is they won't learn. They will keep trying the same, over and over, just convinced that "THIS time it'll work!"


Hmmmmm What is the definition of insanity?

Pops

[Bobitis]

[QUOTE=kingchip;659950]Probably hard to swallow when you have spent your whole career promoting Keynesian economics and learn it doesn't work. /QUOTE]

The problem is they won't learn. They will keep trying the same, over and over, just convinced that "THIS time it'll work!"


Hmmmmm What is the definition of insanity?

Pops

Exactly.

When they figure it out, it will be too late.:eek:

[armedandsafe]

I'm sure there are earlier examples, but didn't we try socialism/central ownership Jamestown (1607-1613) and Plymouth (1620-1623)? It didn't work then, but it took those folks only a few years to recognise that little fact. In the Winter 1609/1610, the Jamestown yields had been so poor the population fell from 500 to 60. That apparently got their attention. They observed, learned and changed.

It is shameful our present electeds are too stupid to learn from history.

Pops