Ben knows something about productivity?

Joe Weisenthal reporting on Ben's farewell speech quotes the central banker::

To this list of reasons for the slow recovery--the effects of the financial crisis, problems in the housing and mortgage markets, weaker-than-expected productivity growth, and events in Europe and elsewhere--I would add one more significant factor--namely, fiscal policy.

Now excuse me if we are not the most productrive oil frackers in the world, and fracking technology seems to outperform previous drilling technology, and oil production has cut our import bill in half and likely fracking is doing the 4.1% growth. That is friggin productivity, how does this dimwit miss that?

Federal fiscal policy was expansionary in 2009 and 2010. Since that time, however, federal fiscal policy has turned quite restrictive; according to the Congressional Budget Office, tax increases and spending cuts likely lowered output growth in 2013 by as much as 1-1/2 percentage points.

Fiscal tightening lowered all the way from 2.2% typical since the crash to 4.1% today, Ben you have the sign wrong! Wonder why Ben? Because we cut back on unproductive activities, that is why we have been seeing accelerating growth in 2013. As you point out, California could not afford all that government, mainly because the government you instituted is inefficient.

Besides, Ben, if government wasn't all that loose then why did you have to subsidize its interest expense for five years?
Something else about oil: See the oil swings in 2011 and 2012? Then the slow upswing in 2013? That is Ben and his QE machine causing unnecessary volatility in the economy.