U.S. Economic Recovery Should Be Environment, Middle Class Oriented, Says President's Economic Policy Advisor

U.S. economic recovery should be more export-oriented, environmentally oriented, bio and software-engineering oriented, and middle-class oriented, said Lawrence Summers, Director of the National Economic Council and Assistant to the President for Economic Policy, Friday. (0:28)
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Confidence In Economy Is Rising, U.S. Economy Is Progressing, Says President’s Economic Advisor

"Recovery will take time and history suggests that there will be setbacks along the way," said Lawrence Summers, Director of the National Economic Council and Assistant to the President on Economic Policy, but "the pervasive sense of fear of six months ago has receded" and "the American economy is again progressing." (0:45)
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We Will Meet Economic Recovery Timeline, Says President's Economic Policy Advisor

The impact of the Recovery Act will peak in 2010, said Assistant to the President on Economic Policy, Lawrence Summers. "Now, five months after the passage, we are on track to meet that timeline," he said. (0:32)
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Economic Recovery Agenda Assures Future Prosperity, Says President's Economic Advisor

"Yes, the {resident has an ambitious agenda, but it is an agenda comprised of measures that lay a foundation for future prosperity and for the confidence on which the current recovery depends," said Lawrence Summers, Director of the National Economic Council and Assistant to the President for Economic Policy, during a report on the progress of the recovery of the U.S. economy Friday. (0:21)
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Unemployment Rate Not An Indication Of Recovery Act's Failure, Says President's Economic Advisor

“Unemployment is substantially higher and job loss has been greater than most observers predicted last winter...unemployment is likely to rise in coming months,” said Lawrence Summers, Director of the National Economic Council and Assistant to the President for Economic Policy Friday. He claimed, however, that “this does not provide a basis for concluding that the Recovery Act is falling short of its goals," since the peak impact of the stimulus on jobs is not projected to be achieved until the end of 2009. (0:30)


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