Romer 'incredibly confident' economy will rebound in one year
By David Sunday Mar 22, 2009 12:30pm
Christine Romer, head of the White House Council of Economic Advisers, told Fox's Chris Wallace that she was confident that the economy would begin to grow again in the next year.
WALLLACE: In 15 seconds, how confident are you that if we sat down here a year from today, and it's a date, that you'll be able to say, you know what, our policies have worked?
ROMER: Incredibly confident. I -- I truly believe that's why we're taking them. We absolutely think that they are going to do the job for the American economy and so I'm happy to see you a year from now.
WALLACE: And that a year from now we'll see the signs.
ROMER: We will -- I feel very confident we'll be seeing the signs that the economy is -- has turned around and is growing again. Of course, it will take time before we're really back to normal, but I think we will absolutely see signs that everything is working.
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I can't say that this fills me with confidence. It's her job to be optimistic - largely because the economy = Tinkerbell. Believe hard enough and something might happen.
Yeh!, and remember Hilly's 'great ecomony'???? I'd love to see her nailed with that!!
...by anybody associated with our government right now.
Confidence in our elected and appointed officials will translate to consumer and business confidence.
This versus the day in and day out negativism coming from the Republicans and conservative pundits.
Eight years of George W. Bush and all we get from the right is slams against Obama and literally anything he says or does. Which is the reason the Democrats won big in November.
Contrary to what Rus, Hannity, Beck, O'Reilly, Coulter and others says...Americans are not stupid.
Thanks
With the Obama 'Ecomonic Dream-Team', still PUKIE after the selection.
Fox has their FCC license revoked by a year from now - I hope.
The trouble with looking for signs is you tend to find what you're looking for and disregard what contradicts that.
So far if we just take the 700 Billion giving to the banks by Bush, the 850 Billion allocated to the recovery by Obama and now the 1 Trillion proposed to buy toxic assets and divide by the current population of the US. That gives every man woman and child about $8500 apiece.
For a family of four that would be a nice stimulus check of around $34,000. Now that would get the economy going again.
What the heck is our governement doing???
the rich, richer.
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Don’t Buy the Chirpy Forecasts
The history of banking crises indicates this one may be far from over.
By Kenneth Rogoff and Carmen Reinhart
http://www.newsweek.com/id/190340?from=rss
Find what Bernake said after he 'retired'. He said that this 'crash' (his words), and the following DEPRESSION (not 'recession') would be much, much, much, WORSE than the crash of 1929. He condemed the financial sector for causing the CRASH with their greed. He laid the blame squarely on the shoulders of the rich, the powerful, the sociopathic $$$ manipulators, and the PUKIES.!
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I once remember someone singing a tune similar, that went...
http://www.youtube.com/watch?v=w67Bk9xAAT8
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I missed something.
What planet was this filmed on?
Thanks.
I thought we were over "belief-based" policy and that economics was a science.
LOOOOOOOL
Only economists think that economics is a science. No scientist does, that's for damn sure.
What the mind can conceive and believe, it can achieve.
Without a positive outlook from our leaders, preferably expressed by Republican leaders as well, we will never rebound.
Right now, no matter the true circumstance, only the naysayers are going to be hailed as soothsayers - Kind of like the silly cheerleaders of the economy not too long ago.
The power of positive thinking can only affect Wall Street voodoo - the general public isn't going to believe a bit of it while they're getting laid off right and left.
Everyone will derisively dismiss any sunny predictions voiced right now, just like they did the dire predictions during the heady boom times.
What's astounding is that we're not actually in a Depression right now. Who would have thought...
It seems the economy has more resiliency than any one of us could have ever hoped for.
We will come out of this okay, despite the "sky is falling" cacaphony.
Unemployment will be over 10% within 3 months.
AIG will fail anyway.
The government has taken over 20 banks so far this year and is now moving to the credit unions. More to come.
This will last a lot longer than a year.
Haven't heard a single economist say that in a year all will be flowers and rosey. What most are saying is, the economy WILL BEGIN to recover in 2010. That leaves a lot of suffering time.
I saw this whole interview and I've seen her before on TV and she doesn't inspire any confidence in me at all. She always sounds more like someone who should be reading a cute story to a class of 1st graders. Is it just me? Maybe I'm just superficial.
she has been huffing a huge tank of gas if she believes that.. an incredibly stupid thing to say..
WHERE are the attacks by the news media directed to the persons which are RESPONSIBLE and CAUSED this total destruction to our country which the criminal crimes have never been such in the history of our country..
First time we have been under rule of a dictator since our revolution in order to gain our DEMOCRACY and freedom from a country which stole our wealth and used us as slave labor as NOW>>>
Romer is like most of the personal which I believe Emanuel has selectd and is responsible for...
Obama has a lot of Bill Clinton's picks or ones doing the selection. Obama is trying to correct BUSH / CHENEY / REPUBLICANS criminal corruption and destruction to our country which in the past years were even supported by the blue dog republicans under the name of democrats..
But what we should be talking about is the total destruction to our whole nation and citizens which were CAUSED by the BUSH administration and his total disregard for our citizens , constitution , bill of rights and any of our laws... Bush even stated after he stole the election in 2000 that our constitution was an inconvenience to him in his transfer of wealth , power and control to the wealthy , Global corporations and their partners in foreign countries.
Bush has aided and supported the real terrorist on the planes of 9/11 , which came from and supported by Saudi Arabia... Bush , his father , Saudi Arabia , Dubai , Egypt and other foreign countries were and I believe they still are in the corporation called Carlyle Group , which care nothing about our country and have gain wealth from our country's , tax laws... Dubai for one has received our money indirectly from our bail out funds..
I want some of what she is smoking.
Yea, and the Dow will hit 20,000.
The economy might rebound. The question is, will the increase in GDP exceed the increase in debt? Anyone can punch up their credit card and enjoy the illusion of increased prosperity. And the Federal Government's credit card company, China, is beginning to grumble.
Was it just me, or was it a little sickening watching Hillary groveling to the Chinese a while back? Between free trade and borrow and spend economics, putting this country into this position with China leaves me totally disgusted.
We've been in debt to China for a long time and, if you remember, Bush did his own groveling and Chinese boot licking.
During the bush Administration we went into debt to China to the tune of $1.4 trillion. When I learned of that I was so disgusted.
All the while Rebublicans questioned every Dems patriotism, they were selling out our country to China.
“We've been in debt to China for a long time... ”
Too me, it's a short time. It's been the 8 years of borrow and spend under Bush. China is holding under a trillion in U.S. treasuries while holding 1.2 trillion in cash, due to trade surpluses, last I heard for a total of nearly 2 trillion.
That's too many eggs in one basket, especially a criminally operated basket, and China knows it. Only reason they're lending to us is to avoid a hard crash. Kinda hard to accept that our politicians have maneuvered us into a position of dependency on China. (I hate them all.)
an obese satisfied pig?
This woman is incredibly intelligent. I want to believe her. Time will tell if she is as full of shit as the Buchbots who claimed that the economy was fundamentally sound of if she understands this thing pretty well. I did see where she tore David Gregory a new asshole when he tried to act like he knew what he was talking about on March 15th. She sure told Mike Wallace's son a few things that he doesn understand. I think she knows what she is doing and I also thi9k that there is a lot of confidence building and cheer leading but that is a large part of the economy. Confidence.
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