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Obama Jobs Plan: President Pushes His Proposals For Growth
08/6/11

The steps the president wants Congress to take include extending payroll tax cuts for another year, passing three free trade agreements and enacting patent reform.

The GOP's jobs plan calls for a simpler and fairer tax code, a reduction in regulations and an expansion of U.S. energy production.

My comment: If creating jobs is the top priority, all the ideas above should be implemented ASAP.

S&P Downgrade: Ex-Obama Adviser Christina Romer Says U.S. 'Pretty Darn F**ked'
8/6/11

Christina Romer, former chair of Obama's Council of Economic Advisers, didn't mince words when asked of downgrade's potential consequences:

The U.S. is "pretty darn f**ked," Romer said.

My comment: Even with tremendous help from the Federal Reserve and trillions of dollars of additional federal spending, Romer helped achieve the weakest economic recovery in U.S. history.

Now, she's teaching Economic History and Macroeconomics at UC-Berkeley.