The Schwartz Center for Economic Policy and New America Foundation Present

“It’s the Economic Recovery Plan, Stupid”

ECONOMISTS, BUSINESS EXECUTIVES DEBATE THE LONG-TERM RESPONSE TO

RECESSION:

CONSUMER SPENDING VS. INFRASTRUCTURE INVESTMENT

Present New Publication, The Promise of Public Investment, Based on Year-Long Series Questioning Conventional Wisdom on Fiscal Policy

WHAT:With debate on the recession changing from “if” to

“when” to “how long”, The New School’s Schwartz Center for Economic Policy Analysis (SCEPA) and New America Foundation will host a panel of top economists and business executives titled, “It’s the Economic Recovery Plan, Stupid.” SCEPA will also present a new publication, The Promise of Public Investment, based on this year-long series of forums designed to question the conventional wisdom on U.S.

economic policy.

The panel will discuss the economic and political realities behind the debate on how best to stimulate the economy, including how a major public infrastructure investment might serve as a centerpiece of a longer-term recovery program. Topics will include an analysis of short-term stimulus options, such as the rebate check package, and long-term investment options which would authorize federal spending for state and local projects including a congressional proposal by Senators Dodd and Hagel and supported by Senators Obama and Clinton.

WHO:Welcome:Bob Kerrey, President of The New School; former

U.S. Senator,

Governor of Nebraska

Keynote Speech: Laura D’Andrea Tyson, Former Chair of the Council of Economic Advisors; Professor of Economics, Haas School of Business, University of California, Berkeley

Panelists: Heidi Crebo-Rediker, Co-Director, New America

Foundation’s Global Strategic Finance Initiative; Former Senior Investment Banker with Lehman Brothers, Merrill Lynch & Bear Stearns

Tom Gallagher, Senior Managing Director, International Strategy and Investment Group, Inc.

Lawrence Mishel, President, The Economic Policy Institute

Moderator: Teresa Ghilarducci, Irene and Bernard L. Schwartz

Professor of Economic Policy Analysis at the New School for Social Research

WHEN: Thursday, May 22, 2008, 8:30a.m.-10:30a.m.

WHERE: Arnhold Hall, Theresa Lang Community and StudentCenter

55 West 13th Street, 2nd floor, New York, NY

TICKETS: Admission is free, but RSVP is required. Please call

212.229.5662 x3570 or email .

For more information about the Schwartz Center for Economic Policy Analysis, please visit

For more information about New America Foundation, please visit

Schwartz Center for Economic Policy Analysis The New School 80 Fifth Avenue New York, NY 10011

Tel: (212) 229-5901 x4911

Fax: (212) 229-5903