From the Financial Times:
Fed set to downgrade outlook for US
This sounds awful pessimistic for it to be included in Recovery Summer!
Faced with weak economic data and rising fears of a double-dip recession, the Federal Open Market Committee is likely to ensure its policy is not constraining growth and to use its statement to signal greater concern about the economy. It is, however, unlikely to agree big new steps to boost growth.
Do you think there is any coincidence between the Fed’s view of a deteriorating view and Christina Romer’s exit this week? Maybe Romer finally got tired of carrying the fouled bucket of water that is Obama’s economic policy.
….or maybe she’s tired of telling the administration what the problem is and them not doing a damn thing about it.
you mean like the fact that spending oddles of money on a stimulus is wasted spending? You know, just like what her research papers said right before she sold her conscience to Obama?
Obama has the proverbial nail/hammer problem. To him, every problem is set to be solved with even more government regulation and increased government spending…every problem is a naill and all he has is a hammer.