Assume that the economic data just released indicates contraction in the US economy at the rate of 4% per year for the past two years.A consequence of this contraction, the data suggests, is the loss of nearly 12 million American jobs.The most recent information on the labor market, and the number of new and continuing claims for unemployment insurance, suggest sizeable future job losses and further increases in unemployment rate.Given this outlook, if you were to advise the President, what course of action would you recommend?