I think it's a fair assessment. However, I do think that in the establishment of a target you have to know where you're going before you start putting a lot of measures in place. That's why I see this as a necessary step. Where do we want to get to and in what kind of timeframe? What's needed to get us there cheaply? I'm a cheap guy. You have to understand that as an economist, I'm trained to be cheap.
On November 26th, 2009. See this statement in context.