Wednesday, July 08, 2009

Hilda Solis: No Quick Economic Fix

Solis makes the most sense so far. Just this morning I blogged about what an impatient lot we are.
Labor Secretary Hilda Solis, who still has $250 million to "roll out'' for job creation, maintains that the Obama administration is "not looking at just a quick fix'' for the economy and allows that this is "the toughest job'' she ever has held.

The former congresswoman from Callifornia and member of President Barack Obama's Cabinet, says in an interview airing this afternoon on FOX Business Network that the administration is intent on pursuing solutions to the recession that will "take us out of this bad economy for the next decade.''

"We're not looking at just a quick fix here, we're looking at something that is going to take us out of this bad economy for the next decade,'' Solis says. "And we have to make these investments that were neglected in the last eight years."

With unemployment at 9.5 percent in the latest count, and with the Obama administration holding out hope that the economic stimulus that the president signed in February will save or create 3.5 million jobs, the Labor secretary says it's too soon to start talking about any second stimulus bill.

"I think it would be wise to go ahead and extend all of the dollars that we have already set aside that have been approved by the Congress,'' Solis says. Read the story and the Q&A transcript with Fox Business at the Swamp