Illusions and Delusions About the U.S. Economic Picture

Former John Edwards campaign senior economic advisor and telecom executive Leo Hindery understands better than most the difference between the needs of Wall Street and the needs of average Americans on Main Street. Looking at the subprime crisis as a symptom of a long history of economic mismanagement, Leo Hindery will argue that recent calls to change the regulatory bureaucracy in Washington are at best a band-aid. Rather, the American economy needs a long-term strategy to build a new edge in tradable goods and services to rebuild our middle class with high-wage jobs and reduce our massive trade imbalances.

Leo Hindery has announced his support of Barack Obama’s campaign -- but he will be speaking on his own behalf and not that of any campaign. Economic writers and commentators Bruce Stokes and Sherle Schwenninger will offer reactions.

An MP3 audio recording of the 87-minute event can be downloaded below, while the video of the full event is viewable at right.

Participants

• Leo Hindery
  Managing Director, InterMedia Partners
  Former CEO, AT&T Broadband and Yankee Entertainment & Sports Network

• Bruce Stokes
  International Economics Columnist
  National Journal

• Sherle Schwenninger
  Director, Economic Growth Program
  New America Foundation

Moderator

• Steven Clemons
  Director, American Strategy Program, New America Foundation
  Publisher, www.TheWashingtonNote.com