And even in early 2009 it was probably just a "lean against the wind" mentality.
Read this passage shared by Brad DeLong. It's not clear exactly, but from context it seems like this happened in the spring of 2009 (because the stimulus seems to have passed). Obama is arguing to his staff that there is not a demand problem, that the problem is high productivity. In other words, in this April 2010 post by Arnold Kling where Kling also responds to Romer's concerns about demand President Obama would have sided with Arnold Kling against Christina Romer. For a lot of reasons, I think Obama is still the best of a lot of bad options, but he's increasingly looking no worse than - say - Mitt Romney. I don't know if Hillary Clinton would have fallen into this trap or not.
This is really depressing. And yet in the blogosphere we're dealing with this notion that Obama is some kind of uber-Keynesian.
If I were Romer I would have resigned and had a big press conference laying all this out and spelling out precisely what the country needed. The president shouldn't have advisors if he doesn't want to be advised.
11 hours ago