Romer To Quite As Obama Economic Team Descends Into Pissing Matches

What can I say?  Poor Christina.  She found herself in a pissing contest, and found out that she wasn’t packing the right weaponry for Obama’s court.

Personally, I would rather the contest be over who had economic ideas that actually worked.  But nope.  It’s really pretty much just about pissing over in Obamaland.

Romer to quit as Obama adviser

Domenico Montanaro writes: National Journal’s Victor will have the scoop in tomorrow’s edition of the National Journal magazine that Obama economic adviser Christina Romer is quitting the post. It all stems from her feeling — despite her title as chairwoman of the President’s Council of Economic Advisers — that Larry Summers has more influence with the president.

Victor quotes “a source with insight into the White House economics team,” who says:

“She has been frustrated. She doesn’t feel that she has a direct line to the president. She would be giving different advice than Larry Summers [director of the National Economic Council], who does have a direct line to the president. She is ostensibly the chief economic adviser, but she doesn’t seem to be playing that role.”

And he quotes banking consultant Bert Ely, who faults Summers for the missed jobless rate projection. (The administration posited that it would be just 8% if the stimulus passed, yet it is nearly 10% now.)

“You have to wonder why Summers isn’t the one that should be taking the fall,” Ely says, per Victor. “But Larry is a pretty good bureaucratic infighter.”

You’ve got to wonder if this departure has anything to do with the fact that Christina Romer concluded in an academic paper that Obama and his economic team basically had their skulls filled with turds when it came to tax policy.

An embarassing question will now never be answered:

Romer, the economics professor, says raising rates now will be “highly contractionary.”  Will Romer, the president’s adviser, speak up and tell the public that letting the Bush tax cuts expire will hamper the recovery?  Or will she toe the party line and not tell Americans the public policy implications of  her own academic research?

To put it in other words, Christina Romer’s academic paper, published in one of the top economic publications, argued that allowing the Bush tax cuts to expire would be “highly contractionary.”  Which is to say that allowing the Bush tax cuts to expire would cause the economy to shrink.  A lot.

And now we’re not going to get to know how Christina Romer, brilliant economist, was going to reconcile with Christina Romer, shill for the braindead Obama administration.

And thus the last functioning brain cell is pulling up stakes and leaving Obamaland.

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