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As a former member of president obama's economic team, i have a soft spot for the fiscal stimulus legislation he signed just a month after his inauguration.
-Christina Romer
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As A Former Member Of President Obama's

Christina Romer
As a former member of president obama's economic team, i have a soft spot for the fiscal stimulus legislation he signed just a month after his inauguration.
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Team President Months

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The claim made by team obama that every dollar in stimulus translates into a dollar-and-a-half in growth is economic fiction. the costs of stimulus reduce future growth. no country has ever spent itself to prosperity. the price of stimulus has to be paid sometime.
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Japan has introduced fiscal stimulus five times in the past seven or eight years and each time it's been a failure and that's not a surprise. fiscal stimulus is not stimulating in and of itself.
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My task, as a member of this parliament and a 30-year member of the australian labor party, as its former leader, as its former foreign minister and its former prime minister, is to now throw my every effort in securing julia gillard's re-election as labor prime minister at the next election.
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Are soft-hearted people handicapped in business? you have heard a businessman say of someone else, he's all right, but he's too soft-hearted.... to be soft-hearted may be handicapping, in a sense. but on the whole, a soft heart is to be preferred to a hard heart. hard-hearted, severe, dominating giants sometimes manage to get further and to amass more money. but they get less genuine joy out of life.... it is the hard-boiled employer, not the soft-hearted species, that incites most of our strikes and does most to endanger the harmonious progress of democracy.
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Rather than waiting to restore fiscal responsibility after we pass legislation, we must work to ensure we remain committed to it as we draft legislation.
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I spent a lot of 2012 going around the country saying that president obama was the most liberal and most incompetent president in my lifetime ever since jimmy carter. now having witnessed the events abroad these last several days, to president carter, i want to issue a sincere apology. it is no longer fair to say he was the worst president of this great country in my lifetime, president obama has proven me wrong.
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