On the recordFebruary 29, 2012
I think if there was a goal of the white paper, it was simply to encourage Congress to look at these issues.
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congress.govI think if there was a goal of the white paper, it was simply to encourage Congress to look at these issues.
Bernanke discusses the intent of a white paper to prompt Congressional action on economic issues.
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The economy needed help from Congress--if not from additional spending (on roads and bridges for example), then at least in areas such as retraining unemployed workers.
Lower paid workers, as well as women and minorities, are over-represented in the most affected sectors, and, thus, have borne a disproportionate share of the job and income losses.