RESEARCH AND COMMENTARY
Alice M. Rivlin, October 21, 2008, House Committee on Financial Services
In testimony before the House Committee on Financial Services, Alice Rivlin says that pundits have pronounced the death of capitalism prematurely, saying it is far too powerful a tool for increasing human economic well-being to be tossed aside. She believes there is plenty of blame to go around for the current crisis, and lays out steps to fix regulatory gaps, eliminate perverse and conflicting incentives and clarify and strengthen the roles of the current regulatory agencies. Read More
RESEARCH AND COMMENTARY
Martin Neil Baily, October 20, 2008, House Committee on the Budget
In testimony before the House Budget Committee, Martin Baily says we need a second fiscal stimulus package to avoid a deep recession. He advocates for an immediate infusion of $200 billion, with a second $100 billion released if unemployment hits 7.5 percent. The package should include help for homeowners, tax rebates for families and aid to states and localities. Read More
RESEARCH AND COMMENTARY
Martin Neil Baily, October 21, 2008, Real Clear Politics
Martin Baily recommends an immediate stimulus package of $200 billion, with preparation of an additional $100 billion to be triggered if unemployment goes over 7.5 percent to prevent the U.S. economy from trending further into the danger zone. Read More
RESEARCH AND COMMENTARY
Bruce Katz, January 12, 2009, The Brookings Institution
To secure long-term prosperity, the United States should build on the assets of America’s metropolitan areas. Federal policy reforms to enhance their innovation, human capital, infrastructure and quality places will ultimately help our economy to grow in more productive, inclusive and sustainable ways. Read More
RESEARCH AND COMMENTARY
Eswar Prasad, January 09, 2009, The Brookings Institution
America faces a profoundly altered financial landscape and a rapidly shifting world economic order. To meet the challenges of maintaining strong domestic economic growth and restoring global financial stability, we need a national agenda that tackles a broad range of domestic economic policy issues and promotes constructive engagement with the global economy. Read More
RESEARCH AND COMMENTARY
Martin Neil Baily, December 11, 2008, The Brookings Institution
The economy is the number one concern in the minds of main street Americans. The $700 billion bailout package was aimed at rebuilding financial institutions, but it is now up to the new president to restore confidence in consumers and workers. Read More
UPCOMING EVENT
Tuesday, December 09, 2008
10:00 AM to 12:00 PM
Washington, DC
On December 9, The Hamilton Project will host a policy forum and release a new discussion paper on the need for a new national poverty measure. In their paper, co-authors Rebecca M. Blank of the Brookings Institution and Mark H. Greenberg of Georgetown University propose a new poverty measure that better reflects the actual economic conditions of low-income Americans. Hamilton Project Advisory Council member Roger C. Altman of Evercore Partners will give welcoming remarks and lead the discussion. Read More
RESEARCH AND COMMENTARY
Robert W. Crandall and Clifford Winston, November 27, 2008, The Wall Street Journal
Robert Crandall and Clifford Winston discuss a proposal for automakers they think will cost taxpayers less and, in the long run, be more beneficial to labor and the overall economy than either a straight bailout or bankruptcy. Read More
PAST EVENT
Wednesday, November 26, 2008
12:30 PM to 1:30 PM
Too many Americans leave school with inadequate skills, and too many working families struggle to make ends meet. Greater investments in economic opportunity are needed to reduce poverty and increase future economic mobility for today’s poor children. On Wednesday, November 26, Brookings Senior Fellow Rebecca Blank answered questions during a web chat with Politico about poverty in the United States and creating opportunities for American families. Read More
VIDEO
Rebecca M. Blank and Stephen Hess, November 26, 2008
The financial crisis is sure to push more Americans into poverty. Senior fellow Rebecca Blank discusses what the new administration can do to combat poverty and increase opportunity for millions, and the man on the street reacts. Also, former presidential press secretary Ron Nessen interviews Stephen Hess on the qualities a new President needs in his congressional relations chief.
PAST EVENT
Monday, November 24, 2008
2:00 PM to 3:30 PM
Washington, DC
A major economic slowdown adds to the problems of lower-income Americans, who have not shared in the economic growth of the last decade. On November 24, Brookings senior fellow Rebecca Blank offered policy solutions and priorities for the president-elect to make greater investments in economic mobility and opportunity. Read More
RESEARCH AND COMMENTARY
William G. Gale and Bruce Katz, November 24, 2008, Politico
Congress has punted to next year the prospects for a stimulus package with an infrastructure investment that could provide more jobs, a stronger transportation network and a better-running economy. Bruce Katz and William Gale say the clock stopped on legislative action, but President-elect Obama is directing his team to come up with an economic recovery plan that addresses critical infrastructure issues while creating more jobs and stimulating the economy. Read More
RESEARCH AND COMMENTARY
Martin Neil Baily, Robert E. Litan and Matthew S. Johnson, November 2008, The Brookings Institution
In the third installment of the Fixing Finance series, Martin Baily, Robert Litan and Matthew Johnson conduct a thorough analysis of the origins of the financial crisis. They conclude that the crisis had its origins in an asset price bubble that interacted with new kinds of financial innovations that masked risk, with companies that failed to follow their own risk management procedures, and with regulators and supervisors who failed to restrain excessive taking. Read More
RESEARCH AND COMMENTARY
Rebecca M. Blank, November 24, 2008, The Brookings Institution
A major economic slowdown adds to the problems of lower-income Americans, who have not shared in the economic growth of the last decade. Greater investments in economic mobility and opportunity are needed. Rebecca Blank offers policy solutions and priorities for the president-elect to make greater investments in economic mobility and opportunity. Read More
RESEARCH AND COMMENTARY
Gary Burtless, November 18, 2008, The Brookings Institution
Congress is considering legislation that would extend loan guarantees to the U.S. auto industry. Gary Burtless argues that a government bailout would help save American manufacturing jobs and could give taxpayers a good return on their investment. Read More