Bill Clinton Predicts Speedier Unemployment Declines Will Help Obama - Bloomberg
Clinton said he wouldn’t be surprised if Obama could get the unemployment rate down faster than people think with a few basic steps. Speeding up the hiring of people, quickening the pace of retrofitting buildings to make them more energy efficient, and streamlining the settlement of bad mortgage debt could add millions of jobs to the economy, he said.
“If you could do those three things, I wouldn’t be surprised if you could create 50 percent more jobs than anybody thinks is possible,” Clinton said.
As a former president, Clinton, 64, said he has “more sympathy” for the challenges Obama faces. He said the two men spoke “a few weeks ago,” although he is more likely to share ideas with Vice President Joe Biden, White House National Economic Council Director Gene Sperling or General Electric Co. (GE) Chief Executive Officer Jeffrey Immelt, who leads Obama’s Council on Jobs and Competitiveness.