Well, it is nice that someone in the White House is a realist even when they have both feet out the door.
Calling the economic recovery “insufficient”, she noted that a 0.6% drop in the unemployment rate still leaves unemployment unbearably high. “Real GDP is growing, but not fast enough to create the hundreds of thousands of jobs each month that we need to return employment to its pre-crisis levels,” she said.
Too bad she is leaving because the second part of this sentiment is just about right IMO:
"While we’d all like to find the inexpensive, magic bullet to our economic troubles, the truth is, it almost surely doesn’t exist. The only surefire way for policy makers to increase aggregate demand in the short-run is for the government to spend more and tax less. And in my view we should be moving forward on both fronts… the key is that we need to take action, and we need to do it quickly."
The spending more part is not realistic since we are spending at the fastest rate in US History. However, the taxing less part sounds really good to me. If you give more people the money they worked for instead of having the government set it on fire then more people will be helped by it.
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