Sunday, February 26, 2012

The Romer memo and Obama's first term

The Romer memo and Obama's first term
" a piece about a memo written by incoming economic advisor Cristina Romer advising as much as $1.8 trillion in stimulus to bring unemployment down to 5.1% by 2011 (full memo). Scheiber notes in the article that Larry Summers, the principal economic advisor to the President-Elect, never presented this item to Obama in his famous 57-page memo that became the blueprint for President Obama's economic policy."