Whither the American Economy?
A National Policy Forum on the Economy, the Housing Bubble and What to Do about Recessionary Fears
- In-Person
- New America
740 15th St NW #900
Washington, D.C. 20005 - 8:30AM – 12:15PM EDT
Responding to the damage caused by the slowdown in housing, the subprime mortgage crisis, and fears of a U.S. recession, the New America Foundation held a national policy forum on the need for a new era of public investment on Friday, November 30, 2007.
Despite the recent economic slowdown, New America Foundation board member Bernard L. Schwartz opened the conference with an optimistic message. The dynamism of the American economy, Schwartz argues, bolstered by robust public investment, can overcome present challenges. Schwartz and Economic Growth Program director Sherle Schwenninger outline a strategy for rebuilding the American economic engine in “Public Investment Works,” which appears in the fall issue of Democracy: A Journal of Ideas.
Video of Schwartz’s opening presentation is available at right. Videos of the other presentations and panels — as well as presentation materials, the policy papers released at this event, and other details — are included below.
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Panel 1: How Hard Will the Fall Be?
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Conference PapersThe Macroeconomic Considerations of a Public Investment Strategy Back to Basics: A Pro-Growth Public Investment Strategy Conference Presentation MaterialsPresentation Slides from Simon Johnson’s Kickoff to Panel 1 Presentation Slides from Desmond Lachman’s Kickoff to Panel 2 |
Participant SpotlightSaviors of the Citi
Time to Stand Up to Wall Street “Remember all those stories about how the nose dive in financial markets was the first big test for Federal Reserve Chairman Ben Bernanke, the academic economist who was still developing his feel for the interplay between the central bank and Wall Street?” read more |
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“The recent announcement that Citibank received a cash infusion of $7.5 billion from Abu Dhabi’s sovereign wealth fund was greeted with a mixture of relief and bewilderment by the financial markets.” Location
Washington, DC, 20009
See map: Google Maps
Participants
- Steve Coll
President & CEO, New America Foundation
Former Managing Editor, Washington Post - Steven Clemons
Director, American Strategy Program, New America Foundation
and publisher, www.TheWashingtonNote.com - James K. Galbraith
Lloyd M. Bentsen Jr. Chair in Government/Business Relations
LBJ School of Public Affairs, University of Texas at Austin - David Hale
Chairman, Hale Advisors
Former Global Chief Economist, Zurich Financial Services Group - Simon Johnson
Economic Counsellor and Director, Research Department, International Monetary Fund
Publisher, Simon Johnson's IMF Research Blog - Zachary Karabell
EVP, Chief Economist, Portfolio Manager
Fred Alger Management - Janet Kavinoky
Director, Transportation Infrastructure/Congressional Public Affairs Division
U.S. Chamber of Commerce - Joel Kotkin
Senior Fellow, New America Foundation
Author, The City: A Global History and the New Geography - Desmond Lachman
Resident Fellow, American Enterprise Institute
Former Managing Director, Salomon Smith Barney - Steve Perlstein
Economics Correspondent, Washington Post - Bernard L. Schwartz
Chairman & CEO, BLS Investments
Chairman of the Board, Third Way
Retired Chairman & CEO, Loral Space & Communications
Co-Author, “Public Investment Works,” Democracy: A Journal of Ideas (Fall 2007) - Sherle R. Schwenninger
Director, Global Economic Policy Initiative, New America Foundation
Co-Author, “Public Investment Works,” Democracy: A Journal of Ideas (Fall 2007)