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Laura Tyson says jobs and the economy should be the top priority. On the deficit front cost containment reform in health care and agradual multi year plan for debt reduction are priorities.

LyrArc Article Gist
After a disastrous drop in sales in Mexico, Spain and the US and the $15 billion Rinker acquisition, Cemex has pledged to use all cash flow to bankers till 2014 for repayment.

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19% of US bank failures in 2009 took place in Georgia.

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Mandel of BW says the GDP numbers for third quarter 2009 do not reflect intangibles spendign for R&D, product development, design and worker training, all of which are suffering badly. This is because the statistics do not measure this, what we have is an obsolete measure of what is really going on in the economy. What these intangibles do is seriously affect long term growth prospects.

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Kasman of J.P. Morgan Chase only sees a small upturn in activity, that as he sees it in a world where activity is so depressed that modest changes by business and households give a lift, with unemployment coming down to 9%. Hatzius of Goldman sees unemployment rising in an economy where capacity utilization is extremely low, with unemployment rising to 10.5% even with the best efforts of the government. Hatzius sees a painful defaltion as a serious risk and he points out that the Fed can do less about deflation than it can do about inflation. The one point that both agree on is exports have to give alift to the economy, and both welcome a depreciatipon of the dollar to lift the economy through exports. Hatzius makes the point that the lift to exports is still limited- not enough in exchage rate depreciation of the dollar to help the American economy. And Kasman actually says it now Asia's turn to do their share. We lifted them out of the slump after the 1997 Asian crisis, when their currencies depreciated and exports to the US lifted their economies....