Christina Romer discusses the Obama administration's integrated economic recovery strategy with particular focus on the importance of a healthy credit market in promoting U.S. recovery and future economic growth.
She says this package is important for stimulating job creation and investing in the U.S.'s infrastructure, but comprehensive economic recovery also includes the financial stability plan announced by U.S. Treasury Secretary Tim Geithner, designed to open up the flow of credit that families and businesses depend on in the course of their everyday lives.
Dr. Christina Romer
Christina Romer is former Chair of the Council of Economic Advisers for the Obama Administration.
Romer now serves as the Class of 1957-Garff B. Wilson Professor of Economics at the University of California Berkeley. Before teaching at Berkeley, she taught economics and public affairs at Princeton University from 1985-1988.
Until her nomination, she was co-director of the Program in Monetary Economics at the National Bureau of Economic Research and served as Vice President of the American Economic Association, where she was also a member of the executive committee. She is also a fellow of the American Academy of Arts and Sciences.
Romer is known for her research on the causes and recovery of the Great Depression, and on the role that fiscal and monetary policy played in the country’s economic recovery. Her most recent work, authored with her husband David Romer, also an economics professor, shows the impact of tax policy on government and economic growth.
Her working papers include "A Narrative Analysis of Postwar Tax Changes," "Do Tax Cuts Starve the Beast? The Effect of Tax Changes on Government Spending," and "The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks."
Romer is the recipient of a John Simon Guggenheim Memorial Foundation Fellowship, an Alfred P. Sloan Research Fellowship, the National Science Foundation Presidential Young Investigator Award, and the Distinguished Teaching Award at Berkeley.
Romer was born on December 25, 1958, in Alton, Ill., and received her Ph.D. from the Massachusetts Institute of Technology in 1985. She is married and has three children.
Do you want better healthcare? Lower cost? Longer lifespans?
Or do you just think a small group can dictate a better answer than the innovation and brains of the USA at large?Ask your daughter about all the innovation in medical diagnostics, prevention, and care. Be an optimist not a party advocate!
Look at protein intake and death and disease! (For example
Mannoheptulose, C3H8O3, Trehalose, and other cheap diet interventions to diet and health. Lets give tax free prizes for health care advances!
She needs to read or reread Animal Farm.
Is she one of the Pigs? Dogs, or the Donkey?
As a true believer it may not enlighten her but who knows one day pigs might fly? She thinks FDR helped or hurt the USA?
What is the data?
Why not innovate medical care to reduce illness and increase lifespan.
G I Dynamics has an innovative device to reduce cost of diabetis and heart disease associated with being over-weight!
Lets look at diet and advances in prevention!
Terrific observation of the health care industry from an operations perspective. The speaker has failed to highlight any radical changes that should be arise from Drug and Medical Devices Industry leading to significant cost reductions. I'm sure they would contribute towards root cause for cost reduction along with Insurance companies. Also does the oversight team have any expert from Pharmacoeconomics?
I don't doubt that the welfare state is causing problems.
But I suspect the problem is more complicated than the removal of the welfare state fixing society's problems. There were LARGE problems before it was put in place.
If you take it away you create mass ill health, shanty towns and political instability. Which sounds like 3rd world problems.
"Things have been slowly getting better since Obama came into office"
Where? In what parallell Universe is that occuring?
Your comment reflects that you're just another hopeful, vacuous Obama Voter.
"I believe that change will change and it will be a positive change."
She is right though. Things have been slowly getting better since Obama came into office. It would be unrealistic for the public to assume that we will have any kind of quick fix of this situation. However, I think in time we will see significant changes for the better and I believe that we already are seeing some positive changes like she said in consumerism and stabilization in housing.
You have to love the vacuous ease of an unfalsifiable claim. Obama's economic program "prevented a second great depression." Uh huh, totally. And my stupendous mental powers prevented a comet from hitting the entering our atmosphere last week. Don't believe me? Prove that it didn't.