Christina Romer on our watch-list
Christina Romer has come out saying that the unemployment rate is now stable. She said this on ABC’s good morning America. We here in ST would like to put it out to her that her words right now is on our watch-list. If the figures go against her, she should join the unemployed and feel the effects of the numbers that she got so wrong!
Look, I do give credit where it is due. For taking the economy out of recession, I would give President Obama and his administration the credit. America performed more like India and China and was way ahead of the European countries and Canada. So on that, you got my respect.
Whether or not the stimulus package worked, I think I have learned my lesson from the bank bailouts in 2008 and wait till I see the figures in detail. In the case of the bank bailouts. I was initially vehemently against it till about June last year where I changed my mind after seeing the figures.
But one thing nobody should be saying or taking credit for is on jobs. Just like our economic growth betters those of other countries, we are lacking behind when it comes to jobs. We are still bleeding jobs while countries in Europe and Canada enjoy small job growth the last quarter.
So when somebody is in charge or an expert of an area that demonstrates poor figures, comes out and make such an audacious claim that unemployment is stable, her a** got to be stapled on the line. Look, I do not know whether she is right or wrong, but I do know that if she is wrong, she is very, very wrong.
This is the lady that helped shape the stimulus package, though that is mostly done by Congress. Now, after a year, she is coming out with ideas that we gave a year ago, and even then it is not as good as our suggestions! We mentioned that it should be looked at a local level up, rather than a federal level down.
What she is suggesting right now in the new Jobs bill that is going to be passed soon in the House of Representatives (wanna bet that it gets stuck in the Senate?) is that federal aid be given out to states so that they can keep their federal employees like teachers and police(wo)men.
Why this is not good is that Governors has got the right to use the federal money for something else. Why not just stake the claim that the Federal government would pay the wages of these teachers and police(wo)men instead? With that we had a guaranteed 1 million jobs that would be saved!
I am not a fan of this lady’s work. But then again, I am not an expert. I am willing to give her a chance to show her results, but I think like a lot of Americans, my patience is thin with her. She screws up, her head should roll!
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Tagged with: christina romer • Congress • economic growth • Economy • federal money • house of representatives • job • kyle mumford • obama • Recession • stimulus package • unemployment rate
Filed under: News • Opinion • Politics
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