Romer V. Summers
While White House Economists Battle Over Stimulus’ Stamina, Unemployment Stuck At Nearly 10 Percent
CHRISTINA ROMER, Chair of the Council of Economic Advisers:
“By mid-2010, fiscal stimulus will likely be contributing little to growth.” (October 22, 2009)
LARRY SUMMERS, Director of the National Economic Council:
“Given fiscal lag, the Recovery Act is still gaining force and having increasing impact.” (June 8, 2010)
Source: “The Job Impact of the American Recovery and Reinvestment Plan” (i.e. the Administration’s January 2009 Romer/Bernstein Report) and BLS data.