Academic

WASHINGTON EXAMINER: Time To Admit Obamanomics Has Failed. ?It?s no coincidence that Christina Rom?

By Glenn Reynolds

WASHINGTON EXAMINER: Time To Admit Obamanomics Has Failed. “It’s no coincidence that Christina Romer, chairwoman of the White House Council of Economic Advisers, announced her retirement the day before Friday’s brutal unemployment report. With 131,000 more jobs lost in July, and downward revisions of 97,000 for the previous two months, it’s easy to see why she would start looking for the exits. . . . Predictably, the stimulus bill has proven to be an extraordinary waste of borrowed money that has failed to create jobs, generate economic growth or do much of anything other than line the pockets of White House political allies. . . . The economy is stalling, unemployment seems stuck at European levels of idleness, the federal deficit and the national debt are at historic highs, public confidence in Congress is at its lowest-ever level and big majorities of Mainstream Americans say Obama has the country on the wrong path. Obamanomics has failed miserably and it’s time for everybody in this town to admit it so we can move on.”

Full post as published by Instapundit.com on August 09, 2010 (boomark / email).