Virginia Right!

Top Obama Econ Advisor: Extend All Rates One-time Obama Econ Guru Larry Summers Joins Call To Extend All Tax Rates, Says ‘Real Risk To This Economy’ Is Slow Down   Summers: ‘Gotta Be The Top Priority’   “Lawrence Summers said Wednesday that Congress should temporarily extend Bush-era tax cuts, making him the second person with ties to the [...]

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While the liberal media talking points direct “journalists” to point out that a midterm exodus of advisers is a fairly common event, the number of high level advisers leaving the Obama Administration is nothing short of astonishing. Normally, people leave the inner circle for a couple of reasons. First, they only signed on to help [...]

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According to National Journal Christina Romer has decided to call it quits. “She has been frustrated,” a source with insight into the WH economics team said. “She doesn’t feel that she has a direct line to the president. She would be giving different advice than Larry Summers [director of the National Economic Council], who does have a direct line to the president.” “She is ostensibly the chief economic adviser, but she doesn’t seem to be playing that role,” the source said. The WH has been pounded for its faulty forecast that unemployment would not top 8% after its economic stimulus proposal passed. http://hotlineoncall.nationaljournal.com/archives/2010/08/romer_to_leave.php Prior to joining the Obama regime Romer and her husband David published a paper espousing that if stimulus is necessary during a recession, it is much better to do it with monetary policy rather than fiscal because fiscal stimulus is slow to get through the pipeline and it tends to be ineffective. The 847 billion dollar failed stimulus has provided Romer with a steaming pile of evidence to support her premise. I …

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Sure we had blizzards. Some people even missed a day or two. But the likelihood that anyone was out of work long enough to collect unemployment is pretty close to nil. Construction activity has been hit pretty hard by the recession. The majority of construction jobs are all Federal “make work” projects. New housing starts are way down and building permits have seen one of the biggest drops in history.

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