S30 Ep11: The FRONTLINE Interview: Christina Romer
Video duration: 1:00:03Video has closed captioning.
Shortly before Obama became president, Romer, his incoming chair of the Council of Economic Advisers, projected that the $787 billion stimulus package would curb unemployment at 8 percent. (It has remained above 8 percent since February 2009.) In this interview, she laments that she and other top advisers underestimated the extent of economic damage caused by the crisis.