mahaha, yes, it's funny 'cause we're screwed.[Disclaimer: contrary to what the title asserts, we don't mean to name-call; we just really like alliteration.]

Remember Christina Romer? Former UC Berkeley professor, she’s been away guiding Obama’s Council of Economic Advisors toward a brighter monetary future for us all.

Said future’s looking pretty grim, though, after the farewell valedictory Romer served up at yesterday’s National Press Club luncheon. On her way out of Washington–she’s coming back to Berkeley, yay!–the chairwoman bestowed upon colleagues and America the overarching wisdom garnered from her labors:

She had no idea how bad the economic collapse would be. She still doesn’t understand exactly why it was so bad. The response to the collapse was inadequate. And she doesn’t have much of an idea about how to fix things.

Apparently, these bad-news bombshells were delivered with a thousand-watt smile and in unsettlingly cheery tones. Which we’re sure made them easier to swallow.

Source article’s full of plenty more disheartening tidbits–key phrases “economic nightmare,” “mystery persists,” “unemployment would soar,” and “little chance of piercing the gloom” leap at us from the page.

Or you can wait till Romer makes her triumphant return; we’re sure those lectures will be all kinds of upsetting.

Image Source: OECD under Creative Commons
Economist Christina Romer serves up dismal news at her farewell luncheon [Washington Post]


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