In a recession this deep, recovery won’t start until consumers spend money. But with home values down, unemployment up, saving for retirement, and other financial strains, consumers will be shoveling out of debt for years. What will fuel the recovery, and when will a new economy begin?
Reich is Chancellor’s Professor of Public Policy at Berkeley’s Goldman School. He has served in three national administrations, most recently as secretary of labor under President Bill Clinton. He also served on President-Elect Obama’s transition advisory board. He has written 12 books, including The Work of Nations, which has been translated into 22 languages; and the bestsellers. Reich is co-founding editor of The American Prospect magazine. His commentaries can be heard weekly on public radio’s Marketplace.
Henry E. Brady
Henry Brady, Ph.D., is dean of the Goldman School of Public Policy and the Class of 1941 Monroe Deutsch Professor of Political Science and Public Policy. He is a leading scholar of electoral politics and political participation, social welfare policy, and computer management of social programs.