Monday, December 6, 2010

When Your Own Staff Pleads for You to do the Right Thing

It is tragic when the former Chief of Barack Obama's Council of Economic Advisors (CEA), Christina Romer, has to sign a petition along with a number of prominent left-wing economists to try to get Obama to do the right thing about unemployment benefits in the US...

EPI's Letter to President Obama: Prominent Economists Say Continue the Emergency Unemployment Insurance Program.

She stepped down just a few months ago. I suspect it was because she realized that Obama wasn't listening to her or the CEA. Sadly, Obama was co-opted by Wall Street and the cabal of Washington insiders (Larry Summers, Tim Geithner, Ben Bernanke) who argued along with the Republicans to "deregulate, deregulate, deregulate" which created the 2008 financial crisis. They kept Obama's ear despite the breadth and depth of their bad economic policies!

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