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  • Christina Romer

    Lawmakers’ Currency Demands Could Backfire on U.S. Exporters

    A number of U.S. legislators want to give the Obama Administration the power to impose tariffs on imports from countries that manipulate their currencies. Such a policy could boomerang on U.S. exporters if other governments follow suit, since reductions in the value of the dollar in recent years could be … More

    No Celebration on Stimulus Anniversary

    Today marked the two-year anniversary of President Obama’s economic stimulus law. But based on the reaction from Capitol Hill, there was little reason to celebrate. Rep. Jim Jordan (R-OH) held a House Oversight and Government Reform Committee hearing Wednesday morning with Heritage’s J.D. Foster, George Mason University economics professor Russell … More

    Another Obama Economist Jumps Ship

    According to reports, Christina Romer, Chairman of the President’s Council of Economics Advisers (CEA) is calling it quits.  Why does this matter? Another ignored economist leaves Washington with a slightly tattered professional reputation to be received joyously back in the arms of her colleagues in academe having served in a … More

    Economic Impact of Stimulus Spending: A Response to Menzie Chinn

    At Econbrowser, Dr. Menzie Chinn provides a succinct summary of my critique of CEA’s “Economic Impact of the Stimulus” report when he writes, “…these implied increments to growth rates do not jibe with the inferences drawn by Dr. Campbell — that the impact on GDP is much smaller than CEA … More

    House Democrats Double Down With Another Stimulus

    Albert Einstein famously defined insanity as “doing the same thing over and over again and expecting different results.” So after a $787 billion stimulus that was supposed to create (not merely save) 3.3 million net jobs but instead saw 3.4 million net jobs lost, House Democrats this week have doubled … More

    Fact Checking the White House: Obama's Health Reform Doesn't Help Small Business

    Heritage’s Bill Beach: If the root cause of the problem is high health care costs, the White House’s solution only makes tings worse. President Obama’s health reform will impact thousands of small business owners who are creating the jobs and wages for most Americans. These taxes will hurt small businesses … More

    Garbage In, Garbage Out: Breaking Down Obama's Stimulus Claims

    Heritage senior tax policy analyst Curtis Dubay and macroeconomics policy analyst Karen Campbell have a new paper out analyzing The Job Impact of the American Recovery and Reinvestment Plan put out by Council of Economic Advisers president and vice president Christina Romer and Jared Bernstein. Dubay and Campbell write: Romer … More

    Krugman's Phony Government Spending Facts

    Paul Krugman blogs: Let’s lay out the basics here. Other things equal, public investment is a much better way to provide economic stimulus than tax cuts, for two reasons. First, if the government spends money, that money is spent, helping support demand, whereas tax cuts may be largely saved. So … More

    Morning Bell: Cutting Taxes for Growth and Fairness

    Throughout his 1992 campaign, then-candidate Bill Clinton promised tax cuts for the middle class. By the time he was sworn into office in 1993, though, Clinton said he would have to “revisit” his tax-cut plan and was “absolutely mystified” that the media had perceived it as a major pledge. A … More

    Heritage Hopes Obama Listens to Romer

    The chances our good that The Heritage Foundation will not love everything that President-elect Barack Obama does. So let us all celebrate Obama’s strong choice of University of California at Berkeley Professor of Economics Christina Romer as Chairwoman of the Council of Economic Advisers. We specifically hope that Mrs. Romer … More