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My Economics Chat with Christina Romer of the Obama Administrationposted by Darren Gersh, Washington Bureau Chief at 6:20 PM on 02/06/09On the day of the worst jobs report since I was a Freshman in college – (1981) – I talked with the President’s top economist, Christina Romer about the outlook, the stimulus and the bank rescue plan. You can watch this web exclusive interview below. (You'll need Flash installed.)
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Darren...way to snag the interview. The right person at the right time, talking with the right reporter!
I hope with the economy now the lead story in all news outlets, the Obama administration recognizes the value of NBR and provides more access to the program so that they can get their message out there. I'm looking forward to more interviews with the economic leadership and hopefully soon, the President himself. Keep up the great work and the best to the DC team! Bill
Cindy,
While I applaud your thrift, the problem is we can save our way into a deeper recession. If everyone hunkers down, no one spends, more jobs are lost, people hunker down more, etc.
That's the famous "paradox of thrift."
If government can counteract some of the private sector contraction, that helps the economy find it's level without collapse.
Or at least that's the hope. . .
When the government says "spend" it's time to close your wallet. More than 50% of Americans are opposed to the Stimulus package for a reason- they have brains that work.
It's too late to stop it now, however. The only thing left for us (the taxpayer) is to respond accordingly: An all out Boycott. DON'T Buy a new car. Don'T buy a house ( lease to buy instead) Steer clear of all shopping malls and buy at thrift stores like Big Lots, Mardens, and Goodwill. Join a food co-op now since it will be a few months before Farmer markets get going. Learn to cook. Buy food storage supplies. Say bye-bye to all fast-food, and yes,I mean including McDonalds.The ice-storm that hit Kentucky was a blessing in disguise, really: Most of my neighbors discovered the simple joys of reading books, playing board games with their kids and chopping wood for their long neglected woodstoves and fireplaces. If the solar storm of 2012 predictions come true, we'll be living that way for at least a year, maybe longer!! To sum it all up- we can't control our out of control government any more than we can control solar flares. The only thing we can do is withdraw from the stock market, spend frugally and just wait until we can vote these idiots out of a job.