3 chapters across the catalog
Jared Bernstein, Chair of the Council of Economic Advisors, stated that the US government cannot go bankrupt because it prints its own currency. In a recent press briefing, Bernstein claimed that the "momentum" of inflation is moving in the right direction, with a 60% decrease from its peak. However, he acknowledged that many families continue to struggle with high costs despite the statistical disinflation.
White House Resignations, Christina Romer and Peter Orszag
The hosts discuss the departures of key Obama administration figures, including economic advisor Christina Romer and budget director Peter Orszag. They criticize Romer for her failed unemployment projections and Orszag for his ties to the Council on Foreign Relations. The segment highlights the lack of private-sector experience among the administration's top officials.
Christina Romer Economic Report, Academic Background Critique
Christina Romer, Chair of the Council of Economic Advisers, is criticized for her academic background and condescending delivery during an economic briefing. The hosts argue that her lack of private-sector experience makes her unqualified to advise the President on the economy. They play clips of her speech regarding job losses and GDP, likening her tone to a kindergarten teacher.
