Romer responds to distortions of her research: GOP analysis is ‘flat wrong’ and ‘absolutely incorrect.’
Romer responds to distortions of her research: GOP analysis is ‘flat wrong’ and ‘absolutely incorrect.’
Last week, House Republicans offered a tax-cut heavy alternative economic recovery plan that they claimed would create 6.2 million jobs. The conclusion was based on a distortion of past research done by Council of Economic Advisers Chair Christina Romer. Over the weekend, Berkeley economist Brad DeLong obtained Romer’s response to the GOP’s misuse of her work. “Romer’s view is that the House analysis is absolutely incorrect,” said the White House talking points:
Question: The House claims that based on the research of CEA Chair Christy Romer, their plan would create 6.2 million jobs. Isn’t that a more effective way of jumpstarting the economy?
Answer: The Republican House analysis is flat wrong in its claim that the House Republican stimulus is more effective. No matter what your analytical assumptions, as long as they are consistent the plan the President supports would result in substantially greater job creation than the House Republican plan.
As CAPAF Senior Fellow James Kvaal has pointed out, the conclusion of the Romer paper that the GOP is quoting was “that the economic environment complicates the assessment of policy changes, not that tax cuts are the most effective way to create jobs.” A more recent analysis by Romer and Jared Bernstein concluded that government investment creates more jobs than tax cuts.
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Barney said it “tax cuts don’t create jobs”
February 2nd, 2009 at 12:44 pmHeadline in my local paper Feb.2, 2009″Republicans say
stimulus could face defeat”.
For “ideal stimulus package” ideas, see The New York
Times, especially http://www.economix.blogs.nytimes.com/2008/
12/16/the-ideal-stimulus-package/.
Republicans are wrong. BRING ON 2010 SO WE CAN FIX
February 2nd, 2009 at 12:47 pmOUR SENATE AND FURTHER IMPROVE OUR HOUSE OF REPRESEN-
TATIVES!
Are you liberal, America-hating, sheep going to believe what the mere author of the report said she said or what the good-for-America conservative leaders say she said? Do you want America to succeed or be a third-world country with no entrepeneurs?
/snark off
February 2nd, 2009 at 12:50 pmWhat did the Shrubs tax cuts get us, more WAR,more Debt and more deficit so we can say they don`t, it just gives the wealthy more money for themselves that they will not put back into the economy.Hell you get more bang for your buck from a raise in unemployment $$$$$ than a tax cut.The goopers just can`t stop hating Obama,the middle and working class of this country.
February 2nd, 2009 at 12:50 pmArgument from ignorance is one thing, argument from calculated falsehood is no argument at all. It is lying and distortion in support of a select and private agenda.
February 2nd, 2009 at 12:51 pmIn matters such as this it is, arguably, treason.
GOPPER strategy – do the same thing over and over again until you get different results.
February 2nd, 2009 at 1:03 pmI love the standard answer when any of these clowns is confronted with the fact that they were in control and they caused, or at least enabled, this mess:
“We’ve learned from our mistakes, we’re on the right track now, trust us.”
As if.
PEACE
February 2nd, 2009 at 1:06 pmIn a country with a 10 trillion dollar debt, I’m sick and tired of hearing about tax cuts.
¶ AIO
February 2nd, 2009 at 1:09 pmAs the existence of “right-wing think tanks” attests, wingnuts will hire people to cook the stats rather than face the truth. It’s all part of projecting your own reality.
February 2nd, 2009 at 1:18 pmYou all are acting as if the post at top of this page says the Republicans distorted Romer’s research. It clearly says that when asked, she agreed with their conclusion and said that they quoted her fairly.
/Republican
February 2nd, 2009 at 1:21 pmRethugs think that by ONLY cutting spending, and cutting taxes will solve everything.
i.e., more of the “voodoo economics” where the rich get richer by peeing on the rest of us and then say it’s raining.
February 2nd, 2009 at 1:23 pmTax cuts, especially for the rich, are religious dogma for the hardcore GOP. They dont need any objective rationale. They are just the best thing for America always and no matter what. When the tax on the top rate and capital gains reaches zero THAT Is when our economy will REALLY be freed and begin to soar.
February 2nd, 2009 at 1:26 pmRethug problem solving 101:
February 2nd, 2009 at 1:27 pmWhen the ONLY tool you have is a hammer, then EVERY problem looks like a nail.
republicans hate facts:
Calm down, Dude, that foam around your rabid mouth is really starting to bubble out.
It’s really quite unattractive even for a foaming at the mouth @ss clown such as you.
¶ AIO
February 2nd, 2009 at 1:50 pmHouse Republicans? John Boner? et al? A bunch of GD’d FKing liars?
No! Really? Get OUT!
Somebody line these traitors up against a wall. Make sure you ask them if they’ve said their prayers.
February 2nd, 2009 at 3:48 pm“Romer’s view is that the House analysis is absolutely incorrect…”
Answer: The Republican House analysis is flat wrong in its claim that the House Republican stimulus is more effective.
ElBruce Says:
You all are acting as if the post at top of this page says the Republicans distorted Romer’s research. It clearly says that when asked, she agreed with their conclusion and said that they quoted her fairly.
Daddy-O sez:
I can’t understand how you came to your conclusion, ElBruce. I usually agree with you, but…?
February 2nd, 2009 at 3:51 pmDaddy-O Says:
I can’t understand how you came to your conclusion, ElBruce. I usually agree with you, but…?
I’m glad you agree! I’m practicing using “Republican logic.”
February 2nd, 2009 at 7:17 pm