The federal stimulus act has performed “exactly” as the Obama administration expected it to, Council of Economic Advisers Chairwoman Christina Romer said Sunday.
Republicans renewed their criticism of the stimulus in the aftermath of the March jobs report that showed the unemployment rate stuck at 9.7 percent. But the White House and Democrats and Congress have touted the 162,000 jobs created last month as a sign that their policies are working to spark a recovery.
“I think it has done exactly what we would say it would do,” she said on NBC’s “Meet the Press.”
The economy will be one of the top issues on the campaign trail during the fall midterm elections and the stimulus act, President Barack Obama’s first piece of major legislation, will under the microscope.
Romer’s comments are likely to raise the ire of Republicans in Congress. On Friday, the office of Senate Minority Leader Mitch McConnell (R-Ky.) released a memo showing that the stimulus has failed to keep unemployment under 8 percent as the administration said it would do.
Republicans renewed their criticism of the stimulus in the aftermath of the March jobs report that showed the unemployment rate stuck at 9.7 percent. But the White House and Democrats and Congress have touted the 162,000 jobs created last month as a sign that their policies are working to spark a recovery.
“I think it has done exactly what we would say it would do,” she said on NBC’s “Meet the Press.”
The economy will be one of the top issues on the campaign trail during the fall midterm elections and the stimulus act, President Barack Obama’s first piece of major legislation, will under the microscope.
Romer’s comments are likely to raise the ire of Republicans in Congress. On Friday, the office of Senate Minority Leader Mitch McConnell (R-Ky.) released a memo showing that the stimulus has failed to keep unemployment under 8 percent as the administration said it would do.
The administration made very specific promises about what the stimulus would do to the jobless rate — promises that were wildly off base. And I don’t think they intended to create nearly 100,000 fraudulent jobs, either.
