According to the Washington Post, outgoing CEA chair Christina Romer said “she wishes she could redo” the infamous January 2010 economic report in which she projected that the stimulus would keep the unemployment rate under 8 percent .
I wish she could “redo” the disastrous stimulus.
Here’s an updated version of The Chart that haunted Romer throughout her tenure, from Innocent Bystanders:
In fairness to Romer, it’s the details that count. According to the Post, “[e]xcept for the unexpectedly severe collapse in economic growth, Romer said, the report has turned out to be “very accurate.””
…And except for the lingering unemployment crisis, the Obama economic team has done a bang-up job.
