Bad Policy and Delayed Recovery
Lee discusses the impact of bad policies, such as the American Recovery and Reinvestment Act and cash for Clunkers, on the economy. He argues that these policies did not contribute much to recovery and instead led to increased debt. Additionally, Lee challenges the notion that the financial sector is the main cause of delayed recovery, highlighting the importance of productivity in economic growth.In this clip
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EconTalk
Lee Ohanian on the Great Recession and the Labor Market
Related Questions
Can the US economy recover after the Great Recession and the impacts of bad policy and delayed recovery as discussed in the episode Lee Ohanian on the Great Recession and the Labor Market and the clip Bad Policy and Delayed Recovery?
Can the US economy recover after the events discussed in the episode Lee Ohanian on the Great Recession and the Labor Market and the clip Bad Policy and Delayed Recovery?
Can the US economy recover?