Christina Romer: A Weaker Dollar Is Good For America

I totally disagree with her premise and her solution, but here is another counterargument for readers' perusal.  Short-term, monetary "tools" will provide temporarily relief for the economy, but longer-term, it ensures the death of our economy as it exacerbates our huge debt problems.

http://finance.yahoo.com/blogs/daily-ticker/bring-qe3-t-afford-not-more-romer-says-20110407-045249-959.html?sec=topStories&pos=6&asset=&ccode=

Is Romer quitting too?

First White House Budget Director Peter Orszag quits, citing marriage as the reason (I guess only single people can work in Obama's administration). Now Christina Romer, chairwoman of Obama's Council of Economic Advisers, has decided to resign, according to a source familiar with her plans. Obama's Dream Team of economic advisers is unraveling as fast as the economy is. Perhaps there's a correlation in there somewhere.

http://www.zerohedge.com/article/and-then-there-were-two-rumor-romer-resigning-obama-economic-think-tank

Lies, lies, and more statistics

When is Obama's chief economist Christina Romer going to start telling the truth on the economy and employment? It's been one year of persistent lies every time she opens her mouth. How stupid does she think we are?

http://www.bloomberg.com/apps/news?pid=20601087&sid=aNoUcQ818CqE&pos=4

“We are getting closer to stability in employment. The next step is to finally start adding jobs,” Christina Romer, the head of the White House Council of Economic Advisers, said yesterday on ABC News’s “This Week” program. “I think we are on the path of steady progress.”

Really? The "path of steady progress"? How does she come up with these inane conclusions?

The Department of Labor’s latest unemployment report, which showed an unexpected loss of 85,000 jobs in December, was “somewhat of a setback,” Romer said, “but they are still part of this trend of greatly moderating job losses.”

This was unexpected? By whom?

As one way to pay for the changes, the Senate would impose a 40 percent tax on employer-provided insurance plans that exceed $8,500 for individuals and $23,000 for families...

Great--raise taxes on employers--that should help with reducing unemployment...

“We simply have to put in place rules of the road so that this system doesn’t bring this economy to the edge of collapse like it did a year or so ago,” she said.

Anybody care to wager we won't have another financial collapse?