If increasing income equality is the goal, it might be wiser to put money into infrastructure than to subsidize manufacturing. Construction also pays good wages, but with lower educational requirements. And America's infrastructure needs are enormous.
Christina RomerThe very first email I got [was] from a women's group saying 'We don't want this stimulus package to just create jobs for burly men.'
Christina RomerRecent research suggests that New Deal programs may actually have had their primary impact on the economy by influencing consumer and business expectations of future growth and inflation.
Christina RomerWhat I desire to point out is that I wish the law was not so, but that being the law, I must follow it.
Christina RomerYou know, I think the, the crucial thing, you know, we have put in place what is, is just simply the biggest, boldest recovery package in history, right; the stimulus package, biggest ever; the financial rescue, absolutely comprehensive; a housing plan - that is incredible medicine for the economy. And we fully expect it to work.
Christina Romer