Well, one thing you can say for Christina Romer, the president’s soon-to-be former chair of the Council of Economic Advisers: she ain’t Lloyd Bridges:
She picked the right day to quit her job. Despite the Administration’s doling out hundreds of millions of dollars to special interests and state governments, the unemployment rate hasn’t budged holding flat at 9.5%:
A hot summer that’s gripped much of the U.S. has been accompanied by a stone-cold job market. That trend held fast last month as the economy added just 71,000 private sector jobs, after excluding the loss of temporary U.S. Census and other government jobs, the U.S. Labor Department announced Friday. Overall, the economy shed 131,000 jobs in July.
The dark blue line is what she said what the unemployment rate would be if the stimulus were passed. The shaded red area is this difference between Administration projection and economic reality.
Chart via GatewayPundit.
UPDATE: Tim Cavanaugh on her work before and after Obama:
As an economist, Romer did an excellent job [pdf] of establishing that New Deal stimulus failed to end or seriously mitigate the Great Depression. As an Obama team player (and poignantly, a sunny supporter of the then-senator’s campaign), she made a 180-degree turn toward pro-stimulus hocus pocus.