- Extend unemployment insurance until unemployment drops to ~5%. Put the unemployment level trigger in the legislation so we don't have to go through this every few months.
- Shove through a jobs bill for teachers, police, firemen and other state workers.
- Keep dumping R&D money into renewable energy
These are the three highest return programs in ARRA, and the economic arguments for doing so are very basic and very clear. In concert with the further fiscal programs, the Fed needs to further expand its monetary policy by any means possible. The pain and austerity crowd must not carry the argument and the day, or we are all in for a world of trouble.