*Of Course* Doing Health Care Slowed the Recovery
June 12, 2012
Last week Mitt Romney inadvertently kicked up a debate in the blogosphere over whether health care reform had hurt the recovery. Since he did it by citing my recent book, I felt compelled to explain how he hacked up my argument: My point was that the time and resources spent on health care reform made it harder to get more stimulus, not, as Romney suggested, that the health care bill directly hurt the economy.
Mitt Romney, Jon Chait, and I: Reunited
June 07, 2012
Mitt Romney weighed in yesterday with another riff on my book that bears a bit of scrutiny. Here’s what he said: A book that was written in a way that’s apparently pro-President Obama, was written by a guy named Noam Scheiber and in this book he says that there was a discussion about the fact that Obamacare would slow down the economic recovery in this country and they knew that before they passed it. But they concluded that we would all forget how long the recovery took once it had happened, so they decided to go ahead.
So Obama Sees the Romer Memo, Then What?
February 22, 2012
Jon Chait asks the key question in response to the internal administration memo I uncovered while researching my book--the one in which Christy Romer wrote that it would take $1.7-to-$1.8 trillion to fully revive the economy by 2011. Chait writes: It’s important to keep in mind, though, that this still does not resolve the question of whether or not Obama could have gotten a larger stimulus. ... [T]he ultimate decision-making power here was where it always was: with Ben Nelson, Olympia Snowe, and Arlen Specter, the senators who stood at the decision-making point.
EXCLUSIVE: The Memo that Larry Summers Didn’t Want Obama to See
February 22, 2012
For the past three years, Washington journalists and politicos have obsessed over a 57-page memo that Barack Obama’s incoming economic team prepared for him in late 2008. The document has achieved such totemic status for good reason: It decisively shaped the Obama administration’s initial response to the economic crisis. The memo outlined the president-elect’s options for dealing with the teetering banks, the cash-strapped automakers, and the country’s tidal wave of foreclosures.
What Christy Romer Means for Elizabeth Warren...
August 06, 2010
[Guest post by Noam Scheiber:] From the department of totally irresponsible speculation: If Austan Goolsbee is in fact the frontrunner to replace Christy Romer as head of the Council of Economic Advisers, wouldn't that mean the White House is now far more likely to nominate Elizabeth Warren to head the Consumer Financial Protection Bureau? This is based on nothing I've heard from any administration official, other than that I know they've been thinking about the gender breakdown on the economic team for some time now.