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There is a particular cacophonous distaste when Christina Romer's voice waddles through my speakers. The Chair of the White House CEA "cringes at the thought" of ending the stimulus early, and swears that the White House is "not cool with trillion-dollar deficits," though she offers no alternative, besides the vague illusion of savings from healthcare reform.
Why? Because they have NO deficit-reduction plan. None. Geithner, Summers, Romer & Obama are praying, salivating for massive debt-induced growth. They have no other hope.
Meanwhile, tic-tock, just don't look at the debt clock.
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Tech Ticker: White House CEA Chair Dr. Christina Romer with Henry Blodget & Aaron Task
- "I frankly cringe every time I hear anyone say, ‘gee, maybe we should just cancel the second half'" of the $787 billion package passed last February, Romer says. "All the good forecasts we're seeing about GDP growth, about the recession ending are predicated on the kind of stimulus that's providing. It's so important, obviously, that that continues."
- Those calling for "exit strategies" are confusing the fact that the economy has apparently turned a corner with one that's back to normal, Romer says. "It's so important to realize, an unemployment rate at 9.8% is far from normal [and] we don't expect it will drop from 9.8% right down to more normal levels instantaneously. We'll have plenty of notice when it's time to start pulling back."
My commentary: By normal she means the debt-induced levels of 2002-2007. How does she keep a straight face in referring to the artificial as 'normal?' We will not see similar levels of output for many, many years, even if Bernanke's great debt re-blow are successful.
Tech Ticker Video: Romer on Deficits and Healthcare Reform
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Monday, October 26, 2009 at 12:06PM
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Reader Comments (10)
http://dailybail.com/home/ratigan-romer-discuss-zombie-banks-the-fed-and-the-economy.html
The Solution: Send Geithner And Summers To Guantanamo Bay; Outrage Over AIG Bonuses; Erin Burnett, Barney Frank and Christina Romer
http://dailybail.com/home/bailout-news-the-solution-send-geithner-and-summers-to-guant.html
http://dailybail.com/home/righteous-ratigan-attack-on-leverage-and-regulation-leaves-c.html
CEA Chair Christina Romer: We'll Do Whatever It Takes To Help The Economy (Anti-Keynesian Stimulus Rant Included)
http://dailybail.com/home/cea-chair-christina-romer-well-do-whatever-it-takes-to-help.html
No time to wait now. Revolt now or Civil unrest will consume us all in the very near Future............
The heart of the elitist control mechanism is the Federal Reserve and the Treasury Department. Control of our country emanates from these two entities. They control the purse strings of our nation. They allow us to pay for our own destruction. This is achieved by taxation and debt. The system in place has been used for centuries to keep control over people. The elitists want total power over us and all the inhabitants of the world.
Their plans to bring down the world’s economic and financial structure is well underway. The problem is that the public has begun to discover what they are up too via talk radio, the Internet and publications such as the International Forecaster. That has caused the elitists to accelerate their plans and that has opened the window of opportunity for us.
This is why now it is the appropriate time to pass HR1207 and SB604, bills to audit and investigate the Federal Reserve. Once the public discovers what these elitists have been doing to the American people for almost a century, they will disband the Fed and turn its job of monetary policy back to the Treasury where it was placed by our Constitution. This way we will have control and transparency. The next step will be to close the revolving door between Wall Street and Washington.
http://www.washingtonsblog.com/2009/10/it-has-got-all-hallmarks-of-financial.html
http://www.teapartyexpress.org/
Just how do you suggest "we" go abouut it?
You prob saw this already, but here's Faber saying the dollar will eventually go to `value of zero'. When it does, I would love to roll up a blunt with it and smoke with Marc, ha. http://www.bloomberg.com/avp/avp.htm?N=av&T=Faber%20Says%20Dollar%20Will%20Eventually%20Go%20to%20%60Value%20of%20Zero%27&clipSRC=mms://media2.bloomberg.com/cache/vqyXX9cE9aEg.asf
In case you missed it, many of the job losses are permanent, as plants have closed or left the country. I do not see a job creation engine spitting out new jobs, but I do see more of industry looking at leaving, my own job included. You wouldn't believe what you can hire Chinese PHD's for.
White collar used to laugh when it just affected the blue collar, the goal is to affect the white collar as well, and many of those have been pawns in their own destruction.
http://www.youtube.com/watch?v=Rj4crMCg-XY&feature=player_embedded#
http://www.youtube.com/watch?v=xJhsfPGL6To&feature=player_embedded
http://www.thetinyspark.com/
Just how do you suggest "we" go about it?
This is how:
Close your accounts in Big Banks and open @credit unions or community banks
Shred all credit cards and buy Cash only
Stop buying imported electronic shit
Boycott companies which outsource jobs
By USA manufactured only
Dump All Mutual funds and by foreign treasury bonds or US short term treasury.
That is great start to take on Banker and Corporate terrorists folks
It is non violent weapon....