: Is There Any Hope? Obama and the Economy
Is There Any Hope? Obama and the Economy
Los Angeles, California
The U.S. economy is experiencing its worst recession in decades. Our nation seeks to recover from a recession that has cost 3.6 million jobs since December 2007. Every single state has experienced the consequences of an economy ravaged by failed economic policies and regulatory institutions’ failure to do their jobs. The road back to a robust economy is going to be a long one. We will almost certainly continue to see job losses for the rest of the year and possibly beyond even with Congress and the president taking action. But will the American Recovery and Reinvestment Act and the new budget put a brake on the downward spiral that is currently consuming the economy, and set the stage for a rebound?
Michael Ettlinger will outline the Obama administration’s next steps on the budget, recovery, and stimulus, and how we can move the country forward. Michael will also highlight how the Employee Free Choice Act and the fight for green jobs will play a part on the road to recovery.
Michael Ettlinger, Vice President for Economic Policy at the Center for American Progress.