Romer To Leave White House

[Chris_]

Christina Romer, chairwoman of Pres. Obama's Council of Economic Advisers, has decided to resign, according to a source familiar with her plans.

"She is ostensibly the chief economic adviser, but she doesn't seem to be playing that role," the source said. The WH has been pounded for its faulty forecast that unemployment would not top 8% after its economic stimulus proposal passed.

Instead, the jobless rate is 9.5%, after exceeding 10% last year. It was "a horribly inaccurate forecast," said Bert Ely, a banking consultant. "You have to wonder why Summers isn't the one that should be taking the fall. But Larry is a pretty good bureaucratic infighter."

http://hotlineoncall.nationaljournal.com/archives/2010/08/romer_to_leave.php


The comments are hilarious... a UC-Berkely prof isn't good enough for them, where's Paul Krugman??

[docstew]

Hiding from common citizens who want to comment on his blog, or at least the ones who don't want to fellate him.