Sunday, December 13, 2009

Obama economic adviser pitches job stimulus

According to the December 13, 2009 article "Obama economic adviser pitches job stimulus," an "Obama aide says it would be 'suicide' for government to tackle deficit without regard to jobs."
WASHINGTON (AP) -- A White House economic adviser says it would be "suicide" for the government to focus exclusively on the deficit when the economy is sorely in need of jobs.

Christina Romer says money freed up from the repayment of financial bailout funds gives the government the leeway to boost try to employment while seeking to control the deficit over the longer term.

She says "no one is talking about raising taxes" during a recession to pay for the proposed new stimulus plan.

Romer, who heads the White House Council of Economic Advisers, was asked Sunday on NBC's "Meet the Press" whether the recession was over, She said it might be over in official terms, but that it's not truly over until unemployment goes back down to normal levels, in the range of 5 percent.

The jobless rate now is 10 percent.


  1. I think that creation of a healthy labor market is one of the most important tasks for the government. How can we talk about the other problems if many people just do not have jobs and read about same day payday loan services to get the money to make ends meet. President’s and the government’s main responsibility is to take care of American citizens and support people who voted for them. Fortunately, today unemployment rate is not that high and I hope it will be even lower with the new President.