Monday Buzz: Gauging Geitner, Generational Grit, NDN in TPM, More

With the unveiling of the Treasury's new plan to rid banks of toxic assets, the economy once again topped the news this week, and NDN was right in the thick of it. Dr. Rob Shapiro, chair of our Globalization Initiative, was featured in a national Associated Press story about President Obama's economic policy. From the AP piece:

Rob Shapiro, a former economic adviser to President Bill Clinton, said the question for the administration is how far it can push the sense of urgency before the public, and by extension Congress, becomes wary of the cost and perceives government intervention as intrusion.

"The hardest problem that they face, and consequently the country," said Shapiro, of NDN, a think tank formerly known as the New Democratic Network, "is the separation between what might be economically necessary and what is politically acceptable."

Rob was also quoted in an excellent story in the Christian Science Monitor about the Geithner plan:

“The only thing that matters here is the judgment of the president,” says Robert Shapiro, who served President Bill Clinton as undersecretary of Commerce for economic affairs, now at NDN, a left-leaning think tank in Washington.

Obama’s own job performance is now tethered closely to the success of his Treasury secretary. He selected Geithner, after all, and has endorsed his latest rescue plans.

For Geithner’s part, his job security hinges on how well his plans work in the months ahead, Mr. Shapiro says.

The Obama administration, however, confronts a risk related to Geithner’s policies, he adds: “The larger issue is whether the administration either has been or will be too deferential to Wall Street.”

Simon and NDN Fellow Morley Winograd were quoted in Talking Points Memo on Obama's virtual town hall last week (which I also wrote about here). Morley and Mike were quoted in a Forbes article about the need for a new WPA. From the Forbes piece:  

Tapping the energies of this new "millennial" generation--those now entering their teens and early 20s--would make enormous sense both for economic and social reasons.

Not only do they need work, but also, as their chroniclers, authors Morley Winograd and Mike Hais have demonstrated, many share an interest in community-building in ways reminiscent of the last "civic generation" in the 1930s.

In contrast, the current stimulus, rather than inspiring a new generation, has focused on bailing out failed corporations, few of which will generate much employment. Many of the "new" jobs will be going to the already entitled: highly paid, big-pension-collecting, unionized government workers and well-educated people working in federal and university laboratories.

Our Preview of the Summit of the Americas last Thursday was featured in the Panamanian paper Hora Cero - check it out. Finally, check out this video of Simon from this year's Progressive Governance Conference in Chile: