Romer Complains 'Painful' Unemployment Not Being Addressed
Christina Romer continues to take swings at the president for not doing enough about unemployment, calling the recovery tenuous.
“I frankly don’t understand why policy makers aren’t more worried about the suffering of real families,” former Council of Economic Advisors Chair Christina Romer, who left the Administration last fall, said during a discussion at Vanderbilt University in Nashville Tuesday. “I think there are tools that we can use, and I think it’s shameful that we’re not using them.”
“We need to realize that there is still a lot of devastation out there,” Romer said, calling the 8.9% unemployment rate "an absolute crisis." “If I have a complaint about policy these days, it’s that we’re not doing enough," she said. "That goes all the way up to the Federal Reserve, [which] could be taking more aggressive action. It goes to the Congress and the Administration – there are fiscal policy actions they could be taking.”
“And don’t tell me you can’t [take those actions] because of the deificit because I think there are fiscally responsible ways,” she said.