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.
Location
Cosmos Club
2121 Massachusetts Avenue, NW Powell Conference Room
Washington, DC, 20009
See map:
Google Maps
"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." 
