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Christina Romer Quotes


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Quotes by Christina Romer

Showing 21-30 of 38 Quotes by Christina Romer

Cold-turkey deficit reduction would cause a significant recession. A recent analysis by the Congressional Budget Office estimated that going headlong over the cliff would cause our gross domestic product, which has been growing at an annual rate of around 2 percent, to fall at a rate of 2.9 percent in the first half of 2013.

~Christina Romer

Topics: Analysis Annual Around Been Budget Cause Cliff Congressional Deficit Deficit Reduction Domestic Estimated Fall First Going Gross Growing Half Office Our Over Percent Product Rate Recent Recession Reduction Significant Which Would

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The right way to deal with a budget problem that was years in the making is by formulating a credible plan to reduce the deficit over time and as the economy is able to withstand the necessary fiscal belt-tightening. That is what President Obama is doing.

~Christina Romer

Topics: Able Budget Credible Deal Deficit Doing Economy Fiscal Making Necessary Obama Over Plan President President Obama Problem Reduce Right Right Way Time Way Withstand Years

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As a former member of President Obama's economic team, I have a soft spot for the fiscal stimulus legislation he signed just a month after his inauguration.

~Christina Romer

Topics: After Economic Fiscal Former He His Inauguration Just Legislation Member Month Obama President Signed Soft Soft Spot Spot Stimulus Team

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The stimulus legislation, technically known as the American Recovery and Reinvestment Act of 2009, was a mixture of tax cuts for families and businesses; increased transfer payments, like unemployment insurance; and increased direct government spending, like infrastructure investment.

~Christina Romer

Topics: Act American Businesses Cuts Direct Families Government Government Spending Increased Infrastructure Insurance Investment Known Legislation Like Mixture Payments Recovery Spending Stimulus Tax Tax Cuts Technically Transfer Unemployment

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Recent research suggests that New Deal programs may actually have had their primary impact on the economy by influencing consumer and business expectations of future growth and inflation.

~Christina Romer

Topics: Actually Business Consumer Deal Economy Expectations Future Growth Had Impact Inflation Influencing May New New Deal Primary Programs Recent Research

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If you think about it, candidate Obama, Sen. Obama, was running on sort of long-run economic issues, like restoring prosperity to the middle class, dealing with the perennial problem of health care in the United States. He talked a lot about the budget deficit, about the need to transition to clean energy.

~Christina Romer

Topics: About Budget Budget Deficit Candidate Care Class Clean Clean Energy Dealing Deficit Economic Energy He Health Health Care Issues Like Long-Run Lot Middle Middle Class Need Obama Perennial Problem Prosperity Restoring Running Sort States Talked Think Transition United United States You

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A natural way that an economist approaches a problem is to say, here's where I think the economy is going; this is what we need to deal with the problem.

~Christina Romer

Topics: Approaches Deal Economist Economy Going Here Natural Natural Way Need Problem Say Think Way Where I Think

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In the four decades after World War II, manufacturing jobs paid more than other jobs for given skills. But that is much less true today. Increased international competition has forced American manufacturers to reduce costs. As a result, the pay premium for low-skilled workers in manufacturing is smaller than it once was.

~Christina Romer

Topics: After American Competition Costs Decades Forced Four Given Increased International Jobs Less Manufacturers Manufacturing More Much Once Other Paid Pay Premium Reduce Result Skills Smaller Than Today True War Workers World World War World War Ii

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If increasing income equality is the goal, it might be wiser to put money into infrastructure than to subsidize manufacturing. Construction also pays good wages, but with lower educational requirements. And America's infrastructure needs are enormous.

~Christina Romer

Topics: Also America Construction Educational Enormous Equality Goal Good Income Increasing Infrastructure Lower Manufacturing Might Money Needs Pays Put Requirements Subsidize Than Wages Wiser

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As an economic historian, I appreciate what manufacturing has contributed to the United States. It was the engine of growth that allowed us to win two world wars and provided millions of families with a ticket to the middle class. But public policy needs to go beyond sentiment and history.

~Christina Romer

Topics: Allowed Appreciate Beyond Class Economic Engine Families Go Growth Historian History Manufacturing Middle Middle Class Millions Needs Policy Provided Public Public Policy Sentiment States Ticket Two United United States Us Wars Win World

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Biography

Nationality: American

Type: Economist

Born: December 25th, 1958

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