Wednesday, December 02, 2009

Does Romer Understand How Ridiculous She Looks?

ADP is reporting that we've lost another 170K jobs. Meanwhile Christina Romer takes to the pages of the WSJ to 1) make the requisite laughable defense of the stimulus disaster, 2) continue to blame the Bush administration for a deficit that pales in comparison to what her boss is cooking up, and 3) spout some twaddle about incentivizing homeowners to make their homes more energy efficient. We've been over 1 & 2, suffice it to say that Romer should save herself the embarassment. As for 3...Great, let's spend a couple billion to insulate every last damn home in America (my brother-in-law would clean up - he's in the insulation biz), then what? Democrats seem to have said the words "green jobs" so often that they actually believe this is some sort of time-honored economic formula for prosperity, when it is actually the equivalent of taking away the ditch-diggers' shovels, handing them spoons and hiring more ditch-diggers. It is unbelievable that this clan can't shake their statist instincts in the face of persistent, overwhelming evidence that their micro-management is the problem.

I sure hope Romer is just a mouthpiece at this point and not a serious influence on policy. Otherwise we'll see that 12% unemployment rate I predicted very soon. Anyway, far be it for me to curse the darkness without...you know...so how about this or asking David Farr how we might create some jobs.

UPDATE: As expected, Obama's "jobs summit" looks to be more for show than for results. Typical.

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