Sinking ship. Rats:
Christina Romer, chair of the White House Council of Economic Advisers, has resigned her post to return to her old job as an economics professor at the University of California at Berkeley, the White House said Thursday. Her resignation is effective Sept. 3.
[. . .]
Romer was instrumental in crafting the $862 billion economic stimulus package that Obama signed shortly after being sworn into office.
After winning swift approval of the stimulus, the administration struggled to push other initiatives through a balky Congress as concern heightened about mounting deficits.
This year, Romer emerged as a strong advocate for additional federal spending to stimulate a sluggish recovery. But her top priority, state aid to preserve teaching and other public-sector jobs, languished for months on Capitol Hill. Slashed by more than half, it won Senate approval Thursday and is headed for final passage next week in the House.
Economics professor in California. Fitting.
Comments
Another 26 billion (with B) dollar bandaid that won't benefit one single student, will only benefit the teachers union, and will be "unexpectedly" necessary again next year.
Business as usual in unicorn hope-n-changey land.