Video: Romer spins the unemployment rise

posted at 5:22 pm on September 4, 2009 by Ed Morrissey

Normally, I’d just have put this in an update to the other two posts today about unemployment, but CEA chair Christina Romer spins so hard in this segment that it deserves its own thread. Nowhere do we hear that Romer predicted an unemployment rate below 8% if the Obama administration got its $787 billion stimulus package, and in fact, Romer talks about losing a net 216,000 jobs as if it was an improvement over losses earlier in the year:

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“Two hundred and sixteen thousand [jobs] is a terrible loss, but boy, that’s about 500,000 less than were lost just six months ago.”

Losing 216,000 jobs is better than losing 700,000 jobs, but those 700,000 jobs are still lost. The 216,000 net loss in August comes on top of all the losses that preceded it; that’s what “net” means. Furthermore, as Edward Lazear explains in the previous post, we’re losing fewer jobs not because of recovery but because there are fewer jobs to lose. Current losses are not an improvement, or even “less bad,” as Romer quotes Biden as saying. It’s further erosion of employment in the US with a decrease in the rate of decline only, and only because there are fewer jobs to eliminate.

That is as ignorant a statement as claiming a -1% GDP as an indicator of a recovering economy because it’s not as bad as the quarter that preceded it. It’s still a net decline.

The unemployment rate means a lot more at this point, since it reflects the aggregate damage to the economy – and the fact that Romer and Obama have not implemented policies that stop it. That would be the same rate that Romer and the CEA said would be arrested at 8% with Porkulus. Note too that without Porkulus in this graph, unemployment would have begun to crest in this quarter:

If we are to take Romer seriously at all, she predicted in January that even absent a stimulus package, we would be approaching the peak of unemployment now and would get net growth in about three or four quarters afterward. Given that argument, how can she argue that Porkulus has any effect on either the economy or employment? The lowest curve was her prediction on employment growth with Porkulus, and the middle curve without the stimulus spending. Which curve does the actual unemployment rate data most resemble so far?


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call her on the 8%, the response, we inherited it worse then thought or Bush misled us on the depth of the problem.

rob verdi on September 4, 2009 at 5:24 PM

a person who was malicious or a good journalist might bring up the green jobs push to Romer and see her response.

rob verdi on September 4, 2009 at 5:25 PM

Funemployment for all!
This woman is as full of it (pun) as Biden.

cubachi on September 4, 2009 at 5:26 PM

Ugh!

Green Muse on September 4, 2009 at 5:26 PM

Ed, the new SEIU is knocking on your door. They are dressing in the H1N1 style. Beware.

WashJeff on September 4, 2009 at 5:26 PM

I’m sure this dim wit gets her material from the New York Times, National Public Radio, SpongeBob SquarePants, etc.

Cybergeezer on September 4, 2009 at 5:30 PM

Our economic system is remarkably resilient or we’d be worse off than we are right now with what’s been done to it by The One & Congress. Think what would be happening had they simply done away with the corporate income tax, even if only temporarily, instead of spending money like drunken sailors (w/ apologies to drunken sailors).

ncborn on September 4, 2009 at 5:31 PM

“Whenever you lose jobs, unemployment is likley to go up”
- No Sh*t, you Moron!

Jussi on September 4, 2009 at 5:31 PM

If she doesn’t spin away she’s going to lose her job and Barry won’t be able to try to save it.

Buy Danish on September 4, 2009 at 5:32 PM

If Julia Childs did crack, she couldn’t be this bad!

Cybergeezer on September 4, 2009 at 5:32 PM

Where is the graph of what the jobs created by the stimulus bill versus the heinous unemployment that it unleashed?

jukin on September 4, 2009 at 5:32 PM

She (Romer) seems so…cheerful about it, too. Creepy.

RushBaby on September 4, 2009 at 5:33 PM

Nowhere do we hear that Romer predicted an unemployment rate below 8%

Why does this all sound like Global Warming to me?

All liberal predictions come with very short expiration dates.

logis on September 4, 2009 at 5:33 PM

Can’t even watch…. time to go to the liquor store…

But we need to move the debate from this silly number… it does NOT count the number of people unemployed… as people are falling off the rolls right and left.

Unemployment is MUCH worse than this… its more like 16.8% and growing…

Question? How many jobs have we lost since Bambi was sworn in? In realtion to the total number of jobs?

Romeo13 on September 4, 2009 at 5:34 PM

I didn’t know Phil Simms was working at the whitehouse.

HoustonRight on September 4, 2009 at 5:34 PM

this administration is effed up, it’s like days of our lives but with ugly stupid people…sheeeesh.

SHARPTOOTH on September 4, 2009 at 5:34 PM

Whenever you lose jobs, unemployment is likely to go up”
- No Sh*t, you Moron!

sorry – I am getting more stupid just listening to this

Jussi on September 4, 2009 at 5:34 PM

And this is them down playing the numbers

Conservative Voice on September 4, 2009 at 5:34 PM

Holy Crap, I think my screen just cracked. Not sure if it was the picture or her lies….

HornetSting on September 4, 2009 at 5:35 PM

“Whenever you’re losing jobs, the unemployment rate is going to go up.”

Wow. Thank Barack we have her at the helm.

Tuning Spork on September 4, 2009 at 5:36 PM

Obama is desperately trying to save one job.

Van Jones’s.

Communist representation has been so low in our government, after all.

(At least before this Adminstration hit town.)

profitsbeard on September 4, 2009 at 5:36 PM

She (Romer) seems so…cheerful about it, too. Creepy.

RushBaby on September 4, 2009 at 5:33 PM

well she got her pound of flesh,um, er, ok she got a lot more than a pound,but you know what i mean.

SHARPTOOTH on September 4, 2009 at 5:37 PM

I am so glad she lost her job at Hogwarts!
(Prof. Umbridge reference)

Jussi on September 4, 2009 at 5:37 PM

That’s a man, baby.

Red Cloud on September 4, 2009 at 5:37 PM

I think she missed a golden opportunity to mention Obama’s star Czar Van Jones and all the green jobs he’ll be creating.

pain train on September 4, 2009 at 5:38 PM

Maybe Romer should be let go from her current position and made to stand in an unemployment line for about eight hours, just to get a feel for what it is REALLY like.

pilamaye on September 4, 2009 at 5:38 PM

I really can’t stand this lady. At least she wasn’t bouncing around and giggling in this video like she normally does.

Ampersand on September 4, 2009 at 5:38 PM

I’m sure this dim wit gets her material from the New York Times, National Public Radio, SpongeBob SquarePants, etc.

Cybergeezer on September 4, 2009 at 5:30 PM

h3ll, the mystic 8-ball has done a better job than this administration of predicitng outcomes.

Fighton03 on September 4, 2009 at 5:38 PM

Cupid stunt, that’s all there is to say.

thomasaur on September 4, 2009 at 5:38 PM

Isn’t Christina Romer also the one responsible for the $2 trillion mistake in the deficit projection? Dumb and ugly is a deadly combination.

bw222 on September 4, 2009 at 5:39 PM

I wish we could get a REAL number for ‘unemployment’
because the numbers being used are FALSE.

They are leaving out thousands upon thousands of people that aren’t counted.

bridgetown on September 4, 2009 at 5:40 PM

Dumb and ugly is a deadly combination.

bw222 on September 4, 2009 at 5:39 PM

She didn’t seem to get dean wormers message….

Fighton03 on September 4, 2009 at 5:40 PM

Uh Oh. Rush and Beck at the same time.

faraway on September 4, 2009 at 5:40 PM

All the same talking points…lefties show up here and try to spin it the exact same way…and fail in the same way…it’s sub-moronic. It’s like they are all reading talking points to each other.

AUINSC on September 4, 2009 at 5:41 PM

If you are bleeding to death the rate of blood loss decreases with time as well…

redshirt on September 4, 2009 at 5:43 PM

The unemployment rate is higher than ever and getting worse. The stimulus package has had a minimal effect and much of the people’s money was misused. These jerks have the sole responsibility for the current state of the economy and they need to stop their whining and stop blaming Bush. This poor sick Republic is in serious trouble from without and within.

rplat on September 4, 2009 at 5:45 PM

It’s almost unfair to put a picture of Romer’s face anywhere near the word “Porkulus.”

On second thought, it fits perfectly. I think her Roman name was Porculus Maximus.

WWS on September 4, 2009 at 5:45 PM

Are the reporters not allowed to ask the meaningful questions or are they too afraid to ask the questions, or do the thugs in question, (and believe me, it’s an upgrade for this broad to be called a thug) only make statements when they know they won’t have to answer follow up questions? I don’t get it, I’m sick of this woman and her condescending attitude, I wish I could ask her a question or two.

anniekc on September 4, 2009 at 5:46 PM

The Romer curver is a real “laugher”. :-)

Caper29 on September 4, 2009 at 5:47 PM

Obama is desperately trying to save one job.

Van Jones’s.

Communist representation has been so low in our government, after all.

(At least before this Adminstration hit town.)

profitsbeard on September 4, 2009 at 5:36 PM

It even continues to be get harder to defend!

“You’ve never seen a Columbine done by a black child. Never. They always say, ‘We can’t believe it happened here. We can’t believe it’s these suburban white kids.’ It’s only them. Now, a black kid might shoot another black kid. He’s not going to shoot up the whole school.”

fbcmusicman on September 4, 2009 at 5:48 PM

Boy, i wish those green jobs would hurry up and get here.

DrW on September 4, 2009 at 5:48 PM

See this: http://online.wsj.com/article/SB10001424052970204313604574328792152010638.html

Explains how Michigan blew billions trying to create jobs and utterly failed.

At the conclusion, idiot Jean Granholm brags about how alike Bama’s plans and ideas are to Michigan’s, which is not a good sign, methinks.

Harry Schell on September 4, 2009 at 5:50 PM

She (Romer) seems so…cheerful about it, too. Creepy.

RushBaby on September 4, 2009 at 5:33 PM

This is what I think of when I watch Romer.

fogw on September 4, 2009 at 5:50 PM

MSM jumps on the fact that the figures are false and demands answers from Obamahitler and his evil corporate, fat-cat Veep in 1…2….3….4…..

Hening on September 4, 2009 at 5:51 PM

Fat and happy…

… Amazing she still has her job, all smiles and all.

Makes me want to throw up…

Seven Percent Solution on September 4, 2009 at 5:51 PM

Romer is a joke. She is not very well respected in the profession. She’s been on the faculty at some prestigeous universities but its more due to her sex than her ability.

MichaelJ68 on September 4, 2009 at 5:56 PM

“Whenever you’re losing jobs, the unemployment rate is going to go up.”

Really? i thought it was the opposite. The pure genius of this woman is blinding.

Greed on September 4, 2009 at 5:56 PM

Not only is she ugly, but stupid as well.

I would love to see unemployment rise….

in the Obama administration…..

izoneguy on September 4, 2009 at 5:58 PM

Obama is having to take full ownership of this situation now. They argue that he’s only been in office 8 months, but it’s been 10 months since Big Media began ignoring Bush and treating Obama as if he were already in charge.

whitetop on September 4, 2009 at 6:04 PM

Rush takes off for 10 days and all heck breaks loose. I’m thinking Tuesday is going to be a stemwinder. For us political junkies that was the best August recess in a very long time and the hits just keep coming.

The damage is being done and we thought there would be nothing we could do about it. It will be nice when the republicans conservative representatives decide to join us won’t it?

DanMan on September 4, 2009 at 6:05 PM

Makes me want to throw up…

Seven Percent Solution on September 4, 2009 at 5:51 PM

I’ll get the dishpan.

whitetop on September 4, 2009 at 6:07 PM

Why don’t these fools understand that their spendapalooza is scaring off employers from hiring or expanding?

jack herman on September 4, 2009 at 6:08 PM

More lies from a fat cow. Credibility gone. Burn baby. Burn.

The Ronin Edge on September 4, 2009 at 5:30 PM

That would be “more lies from a fat liberal moron cow” Just trying to be accurate.

Liberty or Death on September 4, 2009 at 6:09 PM

Stimulus has not increased any jobs
Energy tax is designed to devastate employment
Teddy care will take several million jobs.

These liberal economics plattitudes come from ignorance.

seven on September 4, 2009 at 6:14 PM

Oh My God, she looks just like Baron Harkonnen!

redshirt on September 4, 2009 at 6:14 PM

Really? i thought it was the opposite. The pure genius of this woman is blinding.

Greed on September 4, 2009 at 5:56 PM

I agree, she’ blinding alright, I saw her picture, I listened to what she said and my IQ plummeted 80 points, I then hurled and jabbed forks in my eyes and now I’m blind!

Liberty or Death on September 4, 2009 at 6:16 PM

Wow…the reporter really grilled her on that great logic she used.

Paradox Drive on September 4, 2009 at 6:26 PM

“Whenever you’re losing jobs, the unemployment rate is going to go up.”

Actualy, this statement PROOVES that she does NOT know how these numbers are derived.

If the same amount of people who are loosing jobs also come to the end of the Unemployment benefits, the unemployment rate they use will NOT go up.

And this is the Precedents economic advisor?

Romeo13 on September 4, 2009 at 6:30 PM

Cybergeezer on September 4, 2009 at 5:30 PM

Any episode of “SpongeBob SquarePants” makes more sense than this entire administration.

Rebar on September 4, 2009 at 6:34 PM

Romer is a joke. She is not very well respected in the profession. She’s been on the faculty at some prestigeous universities but its more due to her sex than her ability.

MichaelJ68 on September 4, 2009 at 5:56 PM

She has sex? No way!

Dee2008 on September 4, 2009 at 6:35 PM

She (Romer) seems so…cheerful about it, too. Creepy.

RushBaby on September 4, 2009 at 5:33 PM

Of course she is cheerful. You would be, to, if your plan was going along as well as theirs is for them.

Dave R. on September 4, 2009 at 6:37 PM

Who is Romer? Never heard of her. Is she one of the gabillion unconfirmed lefty, commie czars?

karenhasfreedom on September 4, 2009 at 6:38 PM

I really don´t think she realizes that these job loss numbers are cumulative. I think she thinks that every month the jobs accounting resets itself and job loss counting starts at zero.
One month it is 700,000 jobs lost. Next month 260,000. She doesn´t seem to know that it means (in this example) that a total of 960,000 jobs were lost – not 260,000.

And the unemployment numbers are not real because they do not count all those that have given up looking for a job and all those working part-time when they used to working fulltime at the same job. The person that was working 40 hours a week and now working on 30 hours a week is counted as employed to the job counters.

albill on September 4, 2009 at 6:38 PM

I can’t believe anyone would buy this bullcrap from this hunk of s$$$. They think all americans are plain stupid. They are so wrong. I hate to begin a weekend listeniong to this made for radio piehole.

rjoco1 on September 4, 2009 at 6:41 PM

The only thing this tub can forecast accurately is when and where she’s going to have lunch: the largest buffet in the area, apparently. Clueless, thus perfectly qualified for the Obama White House.

bradley11 on September 4, 2009 at 6:52 PM

Amazingly the Obama administration has found someone fatter, uglier, and dumber then Gibbs to spin this…

DANEgerus on September 4, 2009 at 6:56 PM

The scandal here isn’t the magnitude of the job losses, or even if we had a net gain in jobs at this point. It’s the fact that the administration pushed through a $800B “stimulus” package on the promise of not more than 8% unemployment and we’re now at 9.7% and growing. In other words, they sold us an $800B Brooklyn Bridge.

Either way, with the popping of this credit bubble, we were going to have massive job losses. Now, we have massive job losses, massive debt, and massive increases in government bureaucracy. It would have been far better to take our recession lumps and get it over with, without the $800B spending spree.

This administration is simply incompetent.

PersonalLiberty on September 4, 2009 at 6:56 PM

biden’s Galileo quote about the sun has won the best dumb remark in his whole career……..grapes grapes grapes

nondhimmie on September 4, 2009 at 7:24 PM

Obambi knows exactly how to improve the job situation, cut taxes, especially on the wealthy. The sad part is, he’s such a Marxist at heart that he won’t do what he KNOWS is best for the country because it doesn’t fit his template of rule.

Mojave Mark on September 4, 2009 at 7:28 PM

This smiling buffoonish liar is almost comical.

marklmail on September 4, 2009 at 7:32 PM

Biden was spinning even harder today. The Stimulus and Recovery are all good! Don’t worry about that 9.7% unemployment which will be even higher next month, it’s all good. We got a company out in California that will be hiring 10 people over the next 10 years. See, the Stimulus is working just like we said it would.

flytier on September 4, 2009 at 7:46 PM

when Romer can prove the “stimulus” has created as many jobs as she has chins, i’ll believe her.

cpr on September 4, 2009 at 7:51 PM

The unemployment rate means a lot more at this point, since it reflects the aggregate damage to the economy – and the fact that Romer and Obama have not implemented policies that stop it.

Wait, I thought the government wasn’t supposed to meddle with the free market.

Seixon on September 4, 2009 at 7:55 PM

We’ve been through the ringer and we’re on the right trajectory.”

That doesn’t really sound too good.

JellyToast on September 4, 2009 at 8:18 PM

Yeah,, well, I suppose once the last person employed has lost their job, they can throw a party and boast that no one will lose a job again. That would certainly be looking on the bright side of things, and not as bad as saying more jobs may yet be lost.

JellyToast on September 4, 2009 at 8:25 PM

Guess numbers aren’t her forte in life.

DSchoen on September 4, 2009 at 8:29 PM

I really don´t think she realizes that these job loss numbers are cumulative. I think she thinks that every month the jobs accounting resets itself and job loss counting

starts at zero.
One month it is 700,000 jobs lost. Next month 260,000. She doesn´t seem to know that it means (in this example) that a total of 960,000 jobs were lost – not 260,000.

albill on September

I think your right. I wish you were wrong.

ALL her experience is purely academic, meaning it works on paper, so long as you control (on paper, not reality) what variables affect the out come.

DSchoen on September 4, 2009 at 8:49 PM

That’s a man, baby.

Red Cloud on September 4, 2009 at 5:37 PM

I giggled.

Mommypundit on September 4, 2009 at 8:49 PM

“Whenever you lose jobs, unemployment is likley to go up”
- No Sh*t, you Moron!

Jussi on September 4, 2009 at 5:31 PM

-
So glad I was between sips of tea when she said that…
-
Plus, so much BS on jobs from this admin… It’s hard to keep the score card from looking like a doodle-pad.
-

RalphyBoy on September 4, 2009 at 9:11 PM

Video: Romer spins the unemployment rise

What this disgusting PORKER needs herself, is to be unemployed, and placed in a long line, with NO Super sized Big Macs and Fries close by.

byteshredder on September 4, 2009 at 9:44 PM

This is really Karl Rove in drag, right?

Rove, you magnificent bastard!

DrW on September 4, 2009 at 10:15 PM

unbelievable jibber-jabber. Hey,is it just me or did the info babe even seem perplexed by the absolute bull crap spewing out of the obama stooges mouth. And that girl works for PMSNBC. She’d better be careful or she’ll have to find work at fox.

ranzofola on September 4, 2009 at 11:48 PM

I may be imagining this, but don’t some of these liberal mouthpieces have the strangest, creepiest voices you’ve ever heard?

Robert Gibbs = a giggling Kermit the Frog

Christina Romer = a really stoned Julia Child

Eugene Robinson (personal fellator of the One and intrepid WaPo propagandist) = a cartoon character with a trombone for a voice

If it weren’t for the venom they constantly spew, it would be damned funny just to listen to them bloviate.

Elessar on September 4, 2009 at 11:51 PM

She reminds me of Wilma Flintstones mother. Poor Fred.

GunRunner on September 5, 2009 at 1:32 AM

What this disgusting PORKER needs herself, is to be unemployed, and placed in a long line, with NO Super sized Big Macs and Fries close by.

byteshredder on September 4, 2009 at 9:44 PM

Torture is not allowed.

What breaks my heart is that these people are SO incompetent that even nonpolitical people are uninspired by them.

There is a character in “Atlas Shrugged” that she reminds me of, the fat woman who would go on the radio and tell people that everything would soon be right, that “Mr. Thompson just needed a little more time and all would soon be well.” Just like her.

GunRunner on September 5, 2009 at 1:44 AM

I’m saying this VERY inartfully, but why does almost every administration female look like a lesbian?

leftnomore on September 5, 2009 at 6:53 AM

I envision the network anchors gathered at some favorite watering hole in NYC hunkered over a graph depicting actual unemployment and other economic indicators. They look at each other for some sign that one of them may have a barely plausible positive spin that they can all spew on their “newcasts”. Having nothing they decide, in unison, to just ignore it and lead with the earth-shaking story that Obama’s dog pooped on the lawn.

SKYFOX on September 5, 2009 at 9:31 AM

That chart sure does indicate that some hidden forces were trying their mightiest to bend the curve down in the prior month. And can we now assume that Obama’s “Stimulus” has made the unemployement situation worse with the third line on the graph?

JAW on September 5, 2009 at 9:39 AM

Obama has a 7.30% misery index right now & the only thing saving him is inflation hasn’t really set in yet. It will be much higher as inflation begins to rise which is inevitable!

xler8bmw on September 5, 2009 at 10:01 AM

Dear Leader surrounds himself with twits like this to make himself look like the ‘genius’ MSM has told us he is.

MalindaH on September 5, 2009 at 10:35 AM

It seems to me that the incompetence of this bunch on the economy is grounds for Impeachment! Instead of dealing with unemployment, bankruptcies, and housing foreclosures, they smilingly chirp about global warming and the fake crisis of health care! They fiddle while Rome burns! Give Americans jobs and they will buy what they want and need! We don’t need a Muslim, Kenyan, Communist, Racist,Narcissist, prescribing our health needs or brainwashing our children! Enough is Enough with this bunch!

Marco on September 5, 2009 at 1:09 PM

Romer is a joke. She is not very well respected in the profession. She’s been on the faculty at some prestigeous universities but its more due to her sex than her ability.

MichaelJ68 on September 4, 2009 at 5:56 PM

Maybe “gender” is a better term.

leftnomore on September 6, 2009 at 3:42 PM