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Latest Christina Romer Items
President Obama's top economist, in her final speech before stepping down Friday, urged Congress to "find the will and wisdom" to spend more money to create jobs — even though lawmakers' appetite for new government spending has waned ahead of November's elections.
President Obama's top economist, in her valedictory speech before stepping down Friday, urged Congress to "find the will and wisdom" to spend more money to create jobs - challenging the waning appetite for stimulus spending on Capitol Hill ahead of November's elections.
The Obama administration says the stimulus worked by creating millions of jobs and staving off a depression - doing so with great transparency. It should be a crowning achievement as Democrats prepare for November's congressional elections.
Pointing to signs of an economic turnaround, the White House said that stimulus act spending finally has kicked into high gear and, as of June 30, had expanded the economy by up to 3.2 percent and created up to 3.6 million jobs.
The Obamaites are proving a much bigger hit than the Bushies ever were on the cap-and-gown circuit.
Bipartisan frustration boiled over on Capitol Hill Tuesday at the Obama administration's inability to bring down the unemployment rate, with one liberal House Democrat telling top administration officials they have shown "no urgency" about fixing the problem.
A top White House economic adviser said Sunday that reducing the country's 10 percent unemployment rate is essential to reining in the growing budget deficit.
Christina Romer found herself in front of an audience of well-prepared students on Tuesday at the School Without Walls high school in Northwest. Mrs. Romer, chairman of the Council of Economic Advisers at the White House, was given a warm welcome from students and faculty as she spoke to a full auditorium about a more personal aspect of President Obama's national education address earlier that afternoon from Wakefield High School in Arlington.