U.S. News

Obama Should Wave Pompoms on Recovery: Economist

Market Task Force

The economy has started to make its comeback, but President Barack Obama needs to become more of a cheerleader to help it along, said Robert Brusca, chief economist and Fact & Opinion Economics.

"I don't know what the President is doing. I mean, he certainly isn't waving the pompoms in the White House," Brusca said in an interview on CNBC. "If he can't get on board for recovery, I don't know how we're going to get any kind of leadership."

Pointing to improving employment numbers, Brusca said he expects strong growth in the second half of the year.

But without a strong increase in consumer spending, Peter Cecchini of Seven Bridges Management isn't so confident.

"When I look at the US consumer, which is 70 percent of our economy, I'm seeing a consumer who's really strapped," Cecchini said. "[The rebound] is being driven by government stimulus, which is not a sustainable strategy for growth."