Christina Romer Resigns

[volconomist]

See bold.

I'm not arguing against stimulus. I'm arguing against politically driven waste fests that aren't administered by bright economists. This was, predictably, a trillion dollar disaster.

Then we agree. Romer had nothing to do with the waste. She and other very bright economists saw the writing on the wall and said we needed a stimulus. From there, the only politically feasible action was what occurred (if money is going to be spent, then by god its going to be spent in MY STATE). Which speaks more about our political process than Romer's economic views.

I don't mean to say that we didn't need short run impacts, because we absolutely did. However, a stimulus of the nature and considering the sectors it was used for, would have nearly ONLY short run impacts, and very few, if any, long run impacts.

 

[KB5252]

Then we agree. Romer had nothing to do with the waste. She and other very bright economists saw the writing on the wall and said we needed a stimulus. From there, the only politically feasible action was what occurred (if money is going to be spent, then by god its going to be spent in MY STATE). Which speaks more about our political process than Romer's economic views.

I don't mean to say that we didn't need short run impacts, because we absolutely did. However, a stimulus of the nature and considering the sectors it was used for, would have nearly ONLY short run impacts, and very few, if any, long run impacts.

So you're saying she towed the party line instead of doing her job?

 

[volconomist]

So you're saying she towed the party line instead of doing her job?

The rumblings around Washington are that she could never get a word in edgewise with the president, as Summers wouldn't allow it.

She gave an interview, shortly after these rumors surfaced, where she discusses how close she is to the President. Most economists and other Washington insiders are convinced this was set up by the President's men to deflect any mumblings of disagreement amongst economic advisers.

If she was just towing the company line, then why did she resign?

 

[BigPapaVol]

The rumblings around Washington are that she could never get a word in edgewise with the president, as Summers wouldn't allow it.

She gave an interview, shortly after these rumors surfaced, where she discusses how close she is to the President. Most economists and other Washington insiders are convinced this was set up by the President's men to deflect any mumblings of disagreement amongst economic advisers.

If she was just towing the company line, then why did she resign?

then our president is a bigger idiot than we otherwise believed and she has a duty to make known that dissenting expert views are frowned upon by the clown.

 

[KB5252]

The rumblings around Washington are that she could never get a word in edgewise with the president, as Summers wouldn't allow it.

She gave an interview, shortly after these rumors surfaced, where she discusses how close she is to the President. Most economists and other Washington insiders are convinced this was set up by the President's men to deflect any mumblings of disagreement amongst economic advisers.

If she was just towing the company line, then why did she resign?

So she resigned because she disagreed with the policy, or at least its implementation by the admin. If that's the case then I can understand it, I would still have preferred her to take a stand and clear it up on her way out.

I understand politics and the way the game is played but she had an opportunity to set it straight before she left and chose to walk away quietly and not rock the boat while this disaster is allowed to continue.

 

[volconomist]

So she resigned because she disagreed with the policy, or at least its implementation by the admin. If that's the case then I can understand it, I would still have preferred her to take a stand and clear it up on her way out.

I understand politics and the way the game is played but she had an opportunity to set it straight before she left and chose to walk away quietly and not rock the boat while this disaster is allowed to continue.

I agree, completely.

But, unfortunately it may very well be the case that if she speaks, her career is over.

 

[BigPapaVol]

I agree, completely.

But, unfortunately it may very well be the case that if she speaks, her career is over.

If you're saying that Haas wouldn't welcome her back as a professor due to speaking out about the disastrous economic policies of this admin, then they're even more lefty than I originally pointed out. Tyson is a lunatic, but she's also a dem party cog, so they might do something that stupid.

 

[KB5252]

I agree, completely.

But, unfortunately it may very well be the case that if she speaks, her career is over.

It is much more likely that she will not find favor in the same circles or that the left leaning bastions of knowledge would shun her for her opposition to Obama.

If she's as bright as you let on she would find gainful employment elsewhere, her career would not be affected. Her social standing among the like minded might though.

 

[gsvol]

She's one of the absolute most respected economists in the world. Berkeley houses more of the same. Know what you speak of next time.

Respected by whom, leftist socialist academia??

If she is such a great economists, why such a great failure in the real world??

Maybe you should know of which you speak yourself.

 

[volconomist]

If you're saying that Haas wouldn't welcome her back as a professor due to speaking out about the disastrous economic policies of this admin, then they're even more lefty than I originally pointed out. Tyson is a lunatic, but she's also a dem party cog, so they might do something that stupid.

Meant to mention this before, but the Econ dept is not housed in Hass, but the Social Science dept.

 

[volconomist]

Respected by whom, leftist socialist academia??

If she is such a great economists, why such a great failure in the real world??

Maybe you should know of which you speak yourself.

Oh boy, the socialism argument. Let me guess you've read "Road to Serfdom" recently?

Read the rest of the thread, she is not even close to being a failure.

Trust me, I know what I'm talking about.

 

[BigPapaVol]

Meant to mention this before, but the Econ dept is not housed in Hass, but the Social Science dept.

I assumed she was at Haas. Fair enough. Same point stands.

 

[volconomist]

I assumed she was at Haas. Fair enough. Same point stands.

Oh I know, just was for information.

 

[gsvol]

So that makes any and every academic an idiot I supposed. You admit you know very little about econ, yet you're more than ready to assume she's a terrible economist because others tell you she is.

Do you have an opinion on the federal reserve central banking system?

 

[gsvol]

Oh boy, the socialism argument. Let me guess you've read "Road to Serfdom" recently?

Read the rest of the thread, she is not even close to being a failure.

Trust me, I know what I'm talking about.

How do you explain that the policies of Cooledge, Truman, JFK amd Reagan for example, seemed to work and bring about extended eras of prosperity, while the opposite, which now in place does not work and didn't work for FDR nor Carter??

 

[gsvol]

 

[CSpindizzy]

Hey! Blago's WALKING man!!! Free Blago!