Journal: Economic Fantasy and Economic Reality

03 Economy, Budgets & Funding, Civil Society, Commerce, Commercial Intelligence, Cultural Intelligence, Ethics, Government

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‘Jobs Created or Saved’ Is White House Fantasy: Caroline Baum

Commentary by Caroline Baum     Oct. 28 (Bloomberg)

Heresy, thy name is Christina Romer.

Last week, the chairman of President Barack Obama’s Council of Economic Advisers — a position that carried the title “chief economist” until Larry Summers took up residence in the White House — testified to the Joint Economic Committee on the economic crisis and the efficacy of the policy response.

Here’s the executive summary in case you missed it:

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