This is even more pathetic coming from somebody who helped apply the lube (oh wait, they didn’t use any — nevermind). Click the pic for the video:

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And anybody incompetent enough not to realize that this big Keynesian experiment has been a horrendous disaster isn’t qualified to flip burgers let alone design economic policy. In spite of that, Romer not only remains a Keynesian, but she seems to think Obama’s policies failed because they weren’t big enough:

Former head of the Council of Economic Advisers under President Obama and chief architect of the stimulus bill Christina Romer reacts to the news that Standard & Poor’s downgraded the U.S. credit rating from AAA to AA+.

Romer tells HBO’s Bill Maher that she knew the debt problem was an “abysmal” one but felt it was one issue that could be sidelined while the country turned to Keynesian economics to bring the economy, what she hoped, into a recovery.

Romer has since left her White House position but is unapologetic about Keynesian economics. Romer said she felt that the stimulus should have been larger but Congress got in her way and prevented it. “Policy would be better if we listened to the experts,” an exasperated Romer told Maher.

Sure, Christina … call us if you know any.

After helping Obama pound a few nails in America’s economic coffin, Romer crawled back into the classroom where her idiotic ideas can always be made to work on the chalkboard.

Comments

7 Responses to “Former Obama Econ. Advisor: ‘We’re F*#cked!’”

  1. swede on August 7th, 2011 7:53 pm

    I've heard Bush on several occasions say, "I was wrong" – from Iraq to the economy. What are the chances the Hope'n'Chang crew will…

    Never mind.

  2. SignPainterGuy on August 7th, 2011 8:41 pm

    FDR`s econ. adviser said they tried everything, incl. spending more, and concluded, IT DOES NOT WORK !!

    Why can`t these idiots take the word from some of their own that Keynesian economics DOES NOT WORK !!??

    It`s so good to know that Ms. Romer can keep it classy, or at least place the blame for her slip on "Too much time w/ Timmy !" when she can`t !

  3. Dandapani on August 7th, 2011 10:01 pm

    Einstein on insanity: "Doing the same thing over and over and expecting a different result."

  4. SignPainterGuy on August 7th, 2011 10:05 pm

    The libs / progressives / regressives / marxists epitomize that definition !

  5. Dandapani on August 7th, 2011 10:13 pm

    You got it. "Stimulus failed because it wasn't big enough…" That's just insane.

  6. SignPainterGuy on August 8th, 2011 1:32 am

    For all those incl. Ms Romer who claim that Keynesian Econ. spending didn`t work because they didn`t spend enough, fortunately they have the Tea Party to blame for getting in the way. They`re free to try it again if they can get rid of the Tea Party.

    Forget that, along with the TP congress, there were non-TP Rs and quite a few Ds who voted against increasing the debt ceiling and raising taxes and etc.

    The Dalton Gang, Dillinger, Bonny and Clyde, even Goldfinger were mere pikers by comparison to these thieves !

  7. Dexter_Alarius on August 8th, 2011 11:07 am

    Keynesian economics only works on the chalkboard when you apply the same sort of "corrective constant" they used at the Climate Research Unit of the University of East Anglia. If illustrated using a flowchart, there's a box labeled "A Miracle Occurs Here" before the result of "Robust Economy".
    Keynes is dead! Drive a stake through his heart already!

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