Obama picks chair of economic team
 

Obama made a pretty darn good pick today in Christina Romer. Surprisingly, she does have some conservative views, such as that tax increases lower GDP by threefold of the tax increase. This would explain why Obama is backing off of his previous tax increases on the rich program. Props to Obama, he seems to not be the ideologue he presented himself as being during the campaign.

Here's a link to one of her studies. If only we could get the economic discourse of The Ledge to this level! LOL!

http://elsa.berkeley.edu/~cromer/draft1108.pdf

You will never forget these quotes. I will take them out of context and throw them at you a lot.


Come on and say it, you think, possibly correctly that I am economically stupid. There is no need to hide it!:lol:

I would be lying if I said it was only you. LOL! Sorry, couldn't resist. :laugh: I don't want to insult anyone, I partly posted her article for you so you could exactly what I was talking about. She does bring up that tax increases slow economic output by an exponent of about 3.