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Reasons for Optimism on the Economy? - Christina Romer

Complete video at: http://fora.tv/2009/06/08/Christina_Romer_The_Economic_Case_for_Health_Care_Reform Christina Romer, Chair of the Council of Economic Advisers for the Obama administration, contrasts the current recession to the Great Depression. She credits better federal policy for diverting a depression as dire as the one during the 1930s. ----- Christina Romer discusses the Obama administration's integrated economic recovery strategy with particular focus on the importance of a healthy credit market in promoting U.S. recovery and future economic growth. She says this package is important for stimulating job creation and investing in the U.S.'s infrastructure, but comprehensive economic recovery also includes the financial stability plan announced by U.S. Treasury Secretary Tim Geithner, designed to open up the flow of credit that families and businesses depend on in the course of their everyday lives. - Commonwealth Club of California Christina Romer is Chair of the Council of Economic Advisers. Romer was the Class of 1957-Garff B. Wilson Professor of Economics at the University of California Berkeley. Before teaching at Berkeley, she taught economics and public affairs at Princeton University from 1985-1988. Until her nomination, she was co-director of the Program in Monetary Economics at the National Bureau of Economic Research and served as Vice President of the American Economic Association, where she was also a member of the executive committee. She is also a fellow of the American Academy of Arts and Sciences. Romer is known for her research on the causes and recovery of the Great Depression, and on the role that fiscal and monetary policy played in the countrys economic recovery. Her most recent work, authored with her husband David Romer, also an economics professor, shows the impact of tax policy on government and economic growth.
Length: 01:54

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