Pretend you were hired to lead the President's Council of Economic Advisers in 2009. Using the macroeconomic statistics provided in the National Economic Trends June 2012 report from the Federal Reserve, write a well-supported two-page Executive Summary to the President of the United States on the state of the economy as you evaluate it in 2009 and what you believe his fiscal policy should be at that point in time.
Using two of your three pages, include the following in your analysis:
• 5 Key statistics. Explain why you selected these statistics and explain their trends.
(Caveat - PPI, CPI, and inflation rate are all similar, so you may use only 1 of them as
part of your 5 key statistics.)
• Describe the Discretionary and Non-discretionary Fiscal Policy you would advise
• Describe cuts and/or stimulus and what to target