article From: Aimee Mann Sent: Thursday, December 07, 2010 8:24:37 PM To: John Podesta Subject: Re: Bigger picture of the economy From: John P. Donilon To: Aimese Mann; John Podesta; Robert A. Reines Subject: Biggest picture of America article I have a lot to say about that, including some of the most important issues of our time.
But first I want to say that you and I have been in a position of great trust in each other.
We are going to be working hard to improve the work we do together, as we have in the past.
It’s my hope that we can continue to work together to advance American interests.
I believe that you are a great American, and I respect you for that.
In the last year or so, I have noticed that your public appearances have become more and more frequent, and you have been invited to speak more frequently, too.
But I don’t think it’s just because you are getting more publicity.
You have been very helpful to me in terms of working with me on these issues.
You’ve been able to connect me with people who are interested in helping us do the right thing.
You and I are working together very closely, so I know that you feel comfortable with my ideas, that I am doing what I believe is the right things.
You are also in a unique position to do so because you were the one who got us into this mess in the first place.
You helped us get through it.
And I think you have done the best you could for this country.
I know you are focused on what is right for the country.
But your public statements and public actions have not only helped us navigate the crisis of this recession, but also helped us put together a framework that can get us through the next phase of the recovery.
I also want to make it clear that the American people, like the American families, are getting a lot of the blame.
As you know, we’ve been struggling for years to get our economy going again, and we need help now more than ever.
But the truth is that the country is far from out of the woods.
The Great Recession has left an enormous amount of hard work undone.
The economy is far less stable today than it was before it began.
And we have seen a lot more than we expected.
It is time to take stock of where we are and where we need to go.
And while we can’t predict exactly what the next few months will bring, we can do a lot better than we are now.
We need to build on our progress, not take it from here.
So let me make a few of the things I want you to know about the next steps that I have in mind.
First, we need a new stimulus package.
A lot of people have written me, asking what I think we should do to get the economy going.
I don�t think we need another stimulus package, but we do need to get going on a much more comprehensive plan.
This is a time of enormous uncertainty, and a lot is riding on the outcome of the elections in November.
In addition, the United States faces a massive debt burden.
This has led many people to question the wisdom of using the stimulus as an excuse to continue to borrow more money, or to increase spending.
That is not the right approach.
We should be making investments in our economy to increase the pace of investment and job creation, and to invest in education, infrastructure, research and innovation, which is what is needed to get us back on track.
The second thing I want is for you to see us go forward together.
I want us to get this economy going, and it has been a challenge to do that, but it is essential.
So I want everyone to understand that I will work hard to get everything done that is necessary to help the American economy and its people, and that we will work together.
We must work together with the Congress to do this.
I have promised that we are going not to default on our obligations.
If we can achieve a debt-to-GDP ratio of no more than 60 percent, that would give the economy the strength to go through a long and productive recovery, with more opportunities for growth, higher wages and stronger jobs.
And the last thing I need is to see the economy fall into recession.
I understand the frustration and the frustration of many Americans, but I want them to know that this isn�t a time for pain and misery.
It�s a time to work for a better future for our children and grandchildren, and for our country.
The third thing I hope you will do is to do what you can to get President Obama reelected in November and help get the country back on the right track.
I am confident that you will help us get this done, and my goal is to be able to get it done