Hold it. I know what you're thinking -- that her smile could warm the economy all by itself. Yeah, uh-huh. Video, transcript, links and background are inside.
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Detailed background coverage is at the bottom of this post.
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Text below was written by C-Span.
Romer: Increase Government Spending and Cut Taxes
Christina Romer, the outgoing head of the President's Council of Economic Advisers (CEA), spoke today at the National Press Club on her approach to the economy when President Obama first took office and the impact economic recovery efforts have had during the past 20 months.
After her resignation takes effect on September 3rd, Romer will move from her leadership role at the CEA, a three-member agency within the President’s Executive Office, to join the Economic Recovery Advisory Board, a newly-created independent group that offers economic advice to the White House. Romer has also announced plans to resume teaching economics at the University of California - Berkeley.
She is the second person to leave the Administration's economic team in the past month. There has been no announcement on any replacement for the departing CEA chair. However, reports indicate that Austan Goolsbee, who is currently a member of the CEA and serves as the chief economist, Advisory Board, is a possible candidate; along with Advisory Board member and former CEA head Laura Tyson.
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Background stories on Christina Romer:
Righteous Ratigan Attack On Leverage And Regulation Leaves CEA Chair Dr. Christina Romer Mumbling Nonsense (Clip Of The Week)
Christina Romer: We'll Do Whatever It Takes To Help The Economy (Anti-Keynesian Stimulus Rant Included)
Christina Romer In Love With Rosy Scenario (VIDEO)
Because It's Important To Know What Your Enemies (Romer & Summers) Are Thinking