Christina Romer Speaks at The Economic Club

The stimulus is having an effect, says Christina Romer, economic adviser for the White House.

The administration is making many attempts at trying to explain economics to the American people, but as CNN's Candy Crowley says, Americans without a job or with a house under water could care less about economics. They just want someone to give them a job. If people have a house under water, at one time that house was the cash cow for flat screen TVs and so on. Home equity should've never been tapped for such things. I think economics and financial literacy should be part of Obama's education reform. It should be taught K-12. Imagine that.

Christina Romer Says Stimulus Will Stimulate

By April, we should see reduced taxes in our paychecks and states are now receiving stimulus money. The idea is for the stimulus to work simultaneously with the bank recovery.