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US Vice President Joe Biden speaks ahead of a meeting on the economy as Chair of the Council of Economic Advisors Christina Romer (L) looks on October 2, 2009 in the Roosevelt Room of the White House in Washington, DC. View Photo »
WASHINGTON - OCTOBER 02: U.S. Vice President Joseph Biden (R) speaks to the media as Chair of the Council of Economic Advisors Christina Romer (L) looks on during a meeting on economy with the Middle Class Task Force at the Roosevelt Room of the White... View Photo »
Vice president Joe Biden, joined by Council of Economic Advisers Chair Christina Romer, left, responds to news that the nation's unemployment rate rose in September, Friday, Oct. 2, 2009, during a meeting of his Middle Class Task Force in the Roosevelt... View Photo »
U.S. Council of Economic Advisors Director Christina Romer (L) talks with Treasury Secretary Timothy Geithner as they wait for U.S. President Barack Obama to speak about the financial crisis on Wall Street at Federal Hall in New York City, September 14,... View Photo »
U.S. Treasury Secretary Timothy Geithner (R) talks with Council of Economic Advisors Director Christina Romer (L) as they wait for U.S. President Barack Obama to speak about the financial crisis on Wall Street at Federal Hall in New York City, September... View Photo »
WASHINGTON - AUGUST 06: Chair of the White House Council of Economic Advisers Christina Romer (L) listens to a question from the audience relayed by Club President David Rubenstein (R) during a breakfast meeting of the Economic Club of Washington, D.C.... View Photo »
WASHINGTON - JUNE 2: Senator Christopher Dodd (D-CT) (L) and Office of Management and Budget Director Peter R. Orszag (R) listen while Christina Romer (C), chair of the Council of Economic Advisers, speaks during a briefing in the Eisenhower Executive... View Photo »
WASHINGTON - JUNE 2: Nancy-Ann DeParle (L), Counselor to the President and Director of the White House Office of Health Reform, Senator Max Baucus (D-MT) (2L), Senator Christopher Dodd (D-CT) (C) and Office of Management and Budget Director Peter R. Or... View Photo »
WASHINGTON - JUNE 2: Nancy-Ann DeParle (L), Counselor to the President and Director of the White House Office of Health Reform, Senator Max Baucus (D-MT) (C), Senator Christopher Dodd (D-CT) (2R) and Office of Management and Budget Director Peter R. Or... View Photo »
WASHINGTON - JUNE 2: Dr. Christina Romer (L), chair of the Council of Economic Advisers, and Nancy-Ann DeParle (R), Counselor to the President and Director of the White House Office of Health Reform, listen to Office of Management and Budget Director P... View Photo »
WASHINGTON - JUNE 2: Christina Romer (C), chair of the Council of Economic Advisers, speaks as Senator Max Baucus (D-MT) (L) and Senator Christopher Dodd (D-CT) (R) listen during a briefing in the Eisenhower Executive Office Building June 2, 2009 in Wa... View Photo »
U.S. President Barack Obama (L) speaks next to Chairman of the Federal Reserve Ben Bernanke (C) and Council of Economic Advisers Christina Romer (R) after a meeting with economic leaders in Roosevelt Room of the White House April 10, 2009. View Photo »
U.S. President Barack Obama (2nd R) receives an economic daily briefing in the Roosevelt Room of the White House in Washington, March 23, 2009. View Photo »
U.S. President Barack Obama (2nd R) receives an economic daily briefing in the Roosevelt Room of the White House in Washington, March 23, 2009. View Photo »
U.S. President Barack Obama receives a daily economic briefing in the Roosevelt Room of the White House in Washington, March 23, 2009. View Photo »
US President Barack Obama (2nd R) makes remarks on the economic recovery package and American International Group (AIG) with Council of Economic Advisors Director Christina Romer (L), Treasury Secretary Timothy Geithner (2nd L), and White House Economic... View Photo »
President Barack Obama, accompanied by Economic Adviser Christina Romer, right, Treasury Secretary Timothy Geithner, center, walks from the Oval Office to the South Lawn of the White House in Washington, Wednesday, March 18, 2009, where he spoke about A... View Photo »
US President Barack Obama (R) walks across the South Lawn with Council of Economic Advisors Director Christina Romer (L), Treasury Secretary Timothy Geithner (2nd L), and White House Economic Council Director Lawrence Summers to make remarks on the econ... View Photo »
U.S. President Barack Obama (R) makes remarks about American International Group (AIG) and his economic recovery package as Council of Economic Advisors Director Christina Romer (L) and Treasury Secretary Timothy Geithner (C) look on at the White House... View Photo »
US President Barack Obama (2nd R) makes remarks on the economic recovery package and American International Group (AIG) with Council of Economic Advisors Director Christina Romer (L), Treasury Secretary Timothy Geithner (2nd L), and White House Economic... View Photo »
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US Vice President Joe Biden speaks ahead of a meeting on the economy as Chair of the Council of Economic Advisors Christina Romer (L) looks on October 2, 2009 in the Roosevelt Room of the White House in Washington, DC.
View Photo »WASHINGTON - OCTOBER 02: U.S. Vice President Joseph Biden (R) speaks to the media as Chair of the Council of Economic Advisors Christina Romer (L) looks on during a meeting on economy with the Middle Class Task Force at the Roosevelt Room of the White House October 2, 2009 in Washingto...
View Photo »Vice president Joe Biden, joined by Council of Economic Advisers Chair Christina Romer, left, responds to news that the nation's unemployment rate rose in September, Friday, Oct. 2, 2009, during a meeting of his Middle Class Task Force in the Roosevelt Room of the White House in Washing...
View Photo »U.S. Council of Economic Advisors Director Christina Romer (L) talks with Treasury Secretary Timothy Geithner as they wait for U.S. President Barack Obama to speak about the financial crisis on Wall Street at Federal Hall in New York City, September 14, 2009.
View Photo »U.S. Treasury Secretary Timothy Geithner (R) talks with Council of Economic Advisors Director Christina Romer (L) as they wait for U.S. President Barack Obama to speak about the financial crisis on Wall Street at Federal Hall in New York City, September 14, 2009.
View Photo »WASHINGTON - AUGUST 06: Chair of the White House Council of Economic Advisers Christina Romer (L) listens to a question from the audience relayed by Club President David Rubenstein (R) during a breakfast meeting of the Economic Club of Washington, D.C. August 6, 2009 at the Newseum in...
View Photo »WASHINGTON - JUNE 2: Senator Christopher Dodd (D-CT) (L) and Office of Management and Budget Director Peter R. Orszag (R) listen while Christina Romer (C), chair of the Council of Economic Advisers, speaks during a briefing in the Eisenhower Executive Office Building June 2, 2009 in Wa...
View Photo »WASHINGTON - JUNE 2: Nancy-Ann DeParle (L), Counselor to the President and Director of the White House Office of Health Reform, Senator Max Baucus (D-MT) (2L), Senator Christopher Dodd (D-CT) (C) and Office of Management and Budget Director Peter R. Orszag (R) listen while Christina Ro...
View Photo »WASHINGTON - JUNE 2: Nancy-Ann DeParle (L), Counselor to the President and Director of the White House Office of Health Reform, Senator Max Baucus (D-MT) (C), Senator Christopher Dodd (D-CT) (2R) and Office of Management and Budget Director Peter R. Orszag (R) listen while Christina Ro...
View Photo »WASHINGTON - JUNE 2: Dr. Christina Romer (L), chair of the Council of Economic Advisers, and Nancy-Ann DeParle (R), Counselor to the President and Director of the White House Office of Health Reform, listen to Office of Management and Budget Director Peter R. Orszag (C) speak during a...
View Photo »WASHINGTON - JUNE 2: Christina Romer (C), chair of the Council of Economic Advisers, speaks as Senator Max Baucus (D-MT) (L) and Senator Christopher Dodd (D-CT) (R) listen during a briefing in the Eisenhower Executive Office Building June 2, 2009 in Washington, DC.
View Photo »U.S. President Barack Obama (L) speaks next to Chairman of the Federal Reserve Ben Bernanke (C) and Council of Economic Advisers Christina Romer (R) after a meeting with economic leaders in Roosevelt Room of the White House April 10, 2009.
View Photo »U.S. President Barack Obama (2nd R) receives an economic daily briefing in the Roosevelt Room of the White House in Washington, March 23, 2009.
View Photo »U.S. President Barack Obama (2nd R) receives an economic daily briefing in the Roosevelt Room of the White House in Washington, March 23, 2009.
View Photo »U.S. President Barack Obama receives a daily economic briefing in the Roosevelt Room of the White House in Washington, March 23, 2009. Chairman of the Council of Economic Advisers Christina Romer (L) and U.S. Treasury Secretary Timothy (C) Geithner are also pictured.
View Photo »US President Barack Obama (2nd R) makes remarks on the economic recovery package and American International Group (AIG) with Council of Economic Advisors Director Christina Romer (L), Treasury Secretary Timothy Geithner (2nd L), and White House Economic Council Director Lawrence Summers...
View Photo »President Barack Obama, accompanied by Economic Adviser Christina Romer, right, Treasury Secretary Timothy Geithner, center, walks from the Oval Office to the South Lawn of the White House in Washington, Wednesday, March 18, 2009, where he spoke about AIG, prior to departing for a trip...
View Photo »US President Barack Obama (R) walks across the South Lawn with Council of Economic Advisors Director Christina Romer (L), Treasury Secretary Timothy Geithner (2nd L), and White House Economic Council Director Lawrence Summers to make remarks on the economic recovery package and American...
View Photo »U.S. President Barack Obama (R) makes remarks about American International Group (AIG) and his economic recovery package as Council of Economic Advisors Director Christina Romer (L) and Treasury Secretary Timothy Geithner (C) look on at the White House in Washington March 18, 2009.
View Photo »US President Barack Obama (2nd R) makes remarks on the economic recovery package and American International Group (AIG) with Council of Economic Advisors Director Christina Romer (L), Treasury Secretary Timothy Geithner (2nd L), and White House Economic Council Director Lawrence Summers...
View Photo »U.S. President Barack Obama (C) walks across the South Lawn with Council of Economic Advisors Director Christina Romer (L), Treasury Secretary Timothy Geithner (2nd L) and White House Economic Council Director Lawrence Summers to make remarks on the economic recovery package and America...
View Photo »WASHINGTON - FEBRUARY 26: White House Budget Director Peter Orszag (L) speaks as Chair of Council of Economic Advisers Christina Romer (R) listens during a news briefing at the Eisenhower Executive Office Building of the White House February 26, 2009 in Washington, DC.
View Photo »WASHINGTON - FEBRUARY 26: White House Budget Director Peter Orszag (R) speaks as Chair of Council of Economic Advisers Christina Romer (L) listens during a news briefing at the Eisenhower Executive Office Building of the White House February 26, 2009 in Washington, DC.
View Photo »WASHINGTON - FEBRUARY 26: Chair of White House Council of Economic Advisers Christina Romer (L) speaks as Budget Director Peter Orszag (R) listens during a news briefing at the Eisenhower Executive Office Building of the White House February 26, 2009 in Washington, DC.
View Photo »WASHINGTON - FEBRUARY 26: Chair of White House Council of Economic Advisers Christina Romer (L) speaks as Budget Director Peter Orszag (R) listens during a news briefing at the Eisenhower Executive Office Building of the White House February 26, 2009 in Washington, DC.
View Photo »WASHINGTON - OCTOBER 02: U.S. Vice President Joseph Biden (R) speaks to the media as Chair of the Council of Economic Advisors Christina Romer (L) looks on during a meeting on economy with the Middle Class Task Force at the Roosevelt Room of the White House October 2, 2009 in Washingto...
View Photo »The monthly employment and unemployment numbers are volatile and subject to substantial revision. Therefore, it is important not to read too much into any one monthly report, positive or negative. But, it is clear we are moving in the right direction
Just 10 days before taking office, Obama’s top economic advisers [Christina Romer & Jared Bernstein] released a report predicting unemployment would remain at eight percent or below through this year if an economic stimulus plan won congressional approval.
Despite the welcome decline, the unemployment rate remains unacceptable high
According to methodology developed by Dr. Christina Romer, the chair of the White House Council of Economic Advisers, the government takeover would cost Americans 4.7 million jobs over the next 10 years.
That this (jobless increase to 10.2 percent) occurred despite the rise in real GDP last quarter reflects both the typical lag between GDP growth and unemployment decline, and the recent exceptional increases in productivity
Thus the stimulus bill fell far short of what many economists — including some in the administration itself — considered appropriate. According to The New Yorker, Christina Romer, the chairwoman of the president’s Council of Economic Advisers, estimated that a package of more than $1.2 trillion was just...
Having the unemployment rate reach double digits is a stark reminder of how much work remains to be done before American families see the job gains and reduced unemployment that they need and deserve
Christina Romer, President Obama’s economic advisor said we’re looking at about 5.5 million jobs lost if this bill goes into play.
Adding enough jobs to fill in the huge hole caused by unemployment will take time
White House economist Christina Romer warned this morning that unemployment is ‘unlikely to end 2010 much below’ the current rate of nearly 10%.
Thank God it's fueled by the stimulus package
Christina Romer, the chair of the Council of Economic Advisers, who gave the first presentation of the meeting, told Obama, 'David Axelrod said we have to have a ‘holy-s*** moment.’ Well, Mr. President, this is your ‘holy-s*** moment.’ It’s worse than we thought.'
Even if we've turned the corner, we know it's a long way before we're completely recovered ... You can't have an unemployment rate of 9.8 percent and not be deeply troubled.
White House Council of Economic Advisers Chairwoman Christina Romer said that, in 2010, the economy will likely grow but the jobless rate will peak at 10 percent and won't start falling at a rapid clip
There's no champagne in our office until we start adding jobs, and not just adding jobs but adding enough that unemployment is going down
It will take sustained, robust GDP growth to bring the unemployment rate down substantially
It will take sustained, robust GDP growth to bring the unemployment rate down substantially ... Such a decline in unemployment is, of course, what we are all working to achieve.
The turnaround in crucial labor market indicators, such as employment and the unemployment rate, typically occurs after the turnaround in GDP
The economy is growing, and I think that is a major accomplishment ... Unemployment tends to turn around more slowly.
The Senate Finance Committee bill includes a tax on high-priced insurance plans, suggested by Senator Kerry. A policy along these lines, designed carefully, will encourage both employers and employees to be more watchful health care consumers
One of the things I've learned is that if you look at the state of California for example, where people on Medicaid have a lot of the counties what they do is to contract with HMO to provide care to Medicaid patients
With predicted growth right around two and a half percent for most of the next year and a half, movements in the unemployment rate either up or down are likely to be small
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