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Biden’s Chief Economic Adviser to Discuss How Well Stimulus Is Working for Middle Class  

WHO:        
Jared Bernstein, chief economic adviser to Vice President Joe Biden
        
WHAT:      
Keynesian Stimulus in the 21st Century: What Have We Learned
from the American Recovery and Reinvestment Act?

WHEN:      
5 to 6:30 p.m., Wednesday, October 28

DETAILS:     
Question-and-answer session will follow Bernstein’s address

WHERE:     
Room 2, American University’s Ward Circle Building
4400 Massachusetts Avenue, NW Washington, DC 20016
 
With the stock market topping 10,000 and unemployment hovering at just below 10 %, is the $787 billion federal stimulus package reaching beyond Wall Street to Main Street?

Jared Bernstein, chief economic adviser to Vice President Joe Biden, will discuss how well the federal stimulus package is working—especially for America’s middle class—from 5 to 6:30 p.m. on Wednesday, October 28, in Room 2 of the Ward Circle Building at American University.

 Bernstein’s talk will take place just one day before the 80th anniversary of the great stock market crash of 1929 that caused the Great Depression. The United States embraced Keynesian economics during the Great Depression, ushering in a period of massive government involvement in the economy. World leaders are turning to the model again. Does it work?

Following the address, American University students will have the opportunity to challenge Bernstein on the points he discussed during a question-and-answer session.

Bernstein is the executive director of the Middle Class Task Force created by President Barack Obama and chaired by Vice President Biden. His areas of expertise include income inequality and mobility, trends in employment and earnings, low-wage labor markets and poverty,
international comparisons and the analysis of federal and state economic policies.

American University is a leader in global education, enrolling a diverse student body from throughout the United States and nearly 140 countries. Located in Washington, D.C., the university provides opportunities for academic excellence, public service, and internships in the nation’s capital and around the world.