Harvard University Professor Lawrence Summers on the unemployment state: 'We are climbing out of that valley but we’re not climbing fast'

With 57 left days before Election Day voters are paying closer attention to the campaign trail and what candidates have to say about issues like jobs and the economy.

Harvard University Professor Lawrence Summers hasserved as treasury secretary under President Bill Clinton and former Director of the National Economic Council for President Obama.

On the issues of unemployment Summers says, “the economy was in a very deep valley three years ago. We are climbing out of that valley but we’re not climbing fast. And we’re still not out of that valley.” Summers adds however, that at the same time when other countries in the world are still going down, the United States is still climbing.”

The Harvard professor says the United States declined faster and says the nation might have been better off “if we would have been able to implement the full set of policies this president had wanted to and not been blocked by that Congress with 12% approval.”