Keith Hennessey serves as a member of the Financial Crisis Inquiry Commission, a bipartisan commission created by Congress to examine the causes, domestic and global, of the current economic and financial crisis in the United States. Mr. Hennessey most recently served as Assistant to the President for Economic Policy and Director of the National Economic Council under President George W. Bush. As the President’s senior economic advisor, Mr. Hennessey coordinated financial market issues, tax policy, energy and climate change, health care, Social Security and Medicare reform, housing, technology and telecommunications, and agriculture. Before the White House, Mr. Hennessey spent eight years on Capitol Hill, most of it working as Economic Policy Advisor to Senate Majority Leader Trent Lott (R-MS). Mr. Hennessey received a Master in Public Policy degree from Harvard’s John F. Kennedy School of Government. He earned a BAS degree in math and political science from Stanford in 1990.
William Kristol is editor of the Washington-based political magazine, The Weekly Standard. Widely recognized as one of the nation's leading political analysts and commentators, Mr. Kristol regularly appears on Fox News Sunday and on the Fox News Channel. Before starting The Weekly Standard in 1995, Mr. Kristol led the Project for the Republican Future, where he helped shape the strategy that produced the 1994 Republican congressional victory. Prior to that, Mr. Kristol served as chief of staff to Vice President Dan Quayle during the Bush administration and to Secretary of Education William Bennett under President Reagan. Before coming to Washington in 1985, Mr. Kristol taught politics at the University of Pennsylvania and Harvard's Kennedy School of Government. Mr. Kristol recently co-authored The New York Times bestseller The War Over Iraq: America's Mission and Saddam's Tyranny.
Andrew Laperriere, CFA, is a Managing Director of International Strategy and Investment Group Inc. ISI is an institutional brokerage firm specializing in economic and political research. Andy works in ISI’s Washington office, where he analyzes the financial market implications of fiscal and regulatory policy for institutional investors. Andy focuses on issues before Congress that could affect banking, housing, health, technology, telecommunications and other industries as well as the broader economy. Before joining ISI in 1999, Andy worked for U.S. House Majority Leader Dick Armey for eight years. When he left Capitol Hill, he was serving as the Majority Leader’s Economic Policy Advisor. Andy earned his BA in Political Science with a minor in Business from Villanova University (1990) and a Masters in Economics from George Mason University (1997).
Jennifer Pollom is Chief of Staff at e21. Ms. Pollom was previously the Appropriations and Budget Counsel for the Senate Republican Policy Committee, where she was responsible for briefing Senators and staff on federal budgetary strategy and procedure and formulating policy proposals. Day to day, Ms. Pollom served as the point of contact for the Republican Leadership team to the 49 Republican Senate offices on changing economic and budgetary conditions and political and procedural considerations. In 2007, Ms. Pollom served as the Economic Policy Coordinator for Mayor Giuliani’s presidential campaign in New York City, formulating the tax and budgetary aspects of Giuliani’s policy platform. Prior to the presidential campaign, Ms. Pollom worked for the Senate Budget Committee, under Chairman Judd Gregg, and for the U.S. Department of Justice as a Presidential Management Fellow. Originally from Indiana, Ms. Pollom received a J.D. and a B.A. in English from Indiana University.
James C. Capretta is Director of e21’s ObamaCareWatch project. He is currently a Senior Fellow at the Ethics and Public Policy Center (EPPC), where he provides commentary on a wide range of public policy and economic issues, with a focus on health-care and entitlement reform, U.S. fiscal policy, and global population aging. Previously, he served as an Associate Director at the White House Office of Management and Budget (OMB) from 2001 to 2004, where hehad lead responsibility for health-care, Social Security, education, and welfare programs. Earlier in his career, he served for a decade in Congress as a senior analyst for health-care issues.
e21 Commentary by James C. Capretta
Reihan Salam is a Policy Advisor at e21. Earlier on, he worked as a reporter-researcher at The New Republic, a national security research associate at the Council on Foreign Relations, an editorial researcher and junior op-ed editor at The New York Times, a producer at NBC News, and an associate editor at The Atlantic. Mr. Salam is a fellow at the New America Foundation and he writes regularly for Forbes.com, The Daily Beast, and National Review Online. He is the co-author, with Ross Douthat, of Grand New Party. He is also a contributing editor at National Affairs and editor of The American Scene, and he has served as a political commentator on a number of radio and television programs. Born and raised in Brooklyn, New York, he attended New York city public schools.
David L. Barnes is Senior Policy Analyst at e21 and Deputy Director of e21’s ObamaCareWatch project. Mr. Barnes was previously Senior Domestic Policy Analyst at the Republican National Committee, where he led research examining legislation and policy proposals on issues including health care, education, labor, immigration, and welfare issues. Prior to joining the RNC, he held several positions on the external relations team at The Heritage Foundation, working to promote Heritage research to outside audiences. Originally from Chicago, Mr. Barnes received a B.A. in Philosophy from Yale University.
Lisa De Pasquale is Operations and Communications Manager at e21. Miss De Pasquale was previously the director of the Conservative Political Action Conference (CPAC), where she oversaw all aspects of the conference from June 2006 to April 2011. Prior to CPAC, she was the program director of the Clare Boothe Luce Policy Institute. In 2010, she was named a “Rising Star” by Campaigns & Elections magazine in their annual list of top political leaders under 35. She has written articles for Human Events, The Daily Caller, Washingtonian, the St. Augustine Record, The Washington Times, The Houston Chronicle, Townhall Magazine, and the Tallahassee Democrat. Originally from Florida, Miss De Pasquale received a B.A. from Flagler College in St. Augustine.
John Bailey is a Director at Whiteboard Advisors which provides strategic consulting, policy counsel, and philanthropic advisory service. His expertise includes a wide range of issues including education, health care, technology, and telecommunications. He has served as a domestic policy advisor at the White House, Deputy Policy Director to the U.S. Secretary of Commerce, and Director of Educational Technology at the U.S. Department of Education. He also managed a portfolio of national advocacy grantees during his time at the Bill & Melinda Gates Foundation.
Charles Blahous was recently confirmed to serve as one of two public trustees for the Social Security and Medicare programs, and is also a research fellow at the Hoover Institution. He previously served as Deputy Director of the National Economic Council, and Executive Director of the President’s Commission to Strengthen Social Security. He is also author of Social Security: The Unfinished Work.
Jason Delisle is the Director of the Federal Education Budget Project at the New America Foundation, where he develops and manages content for the project, including a database containing federal funding information on every school district in the country, issue briefs on the federal education budget process, and background and analytical information on federal education programs. Mr. Delisle also contributes to New America’s Higher Ed Watch blog. He has held staff positions in the U.S. House of Representatives and on the U.S. Senate Budget Committee.
William D. Eggers is an expert in public sector transformation. His newest book, If We Can Put a Man on the Moon... published by Harvard Business Press, examines the process of public transformation. He is the author of several books on government reform including the award-winning Governing by Network and Government 2.0. He is a former manager of the Texas Performance Review and director of e-Texas. He has advised governments around the world and his commentary has appeared in dozens of major media outlets including the New York Times, Wall Street Journal, and Chicago Tribune.
Steve Goldsmith is the Daniel Paul Professor of Government and the Director of the Innovations in American Government Program at Harvard University’s Kennedy School of Government. He is also the Vice-Chair of the Corporation for National and Community Service. He previously served two terms as Mayor of Indianapolis, America's 12th largest city, where he earned as a reputation as one of the country's leaders in public private partnerships, competition and privatization. As mayor, he reduced government spending, cut the city's bureaucracy, held the line on taxes, eliminated counterproductive regulations, and invested over $1B transforming downtown Indianapolis. Goldsmith was the chief domestic policy advisor to the George W. Bush campaign in 2000. His publications include: Unlocking the Power of Networks: Keys to High Performance Government; Governing by Network: The New Shape of the Public Sector; Putting Faith in Neighborhoods: Making Cities Work through Grassroots Citizenship; and The Twenty-First Century City: Resurrecting Urban America. His next book on civic entrepreneurship is expected out next year.
Edward Lazear is a professor at Stanford University's Graduate School of Business and a Hoover Institution fellow. Mr. Lazear served as Chairman of the President's Council of Economic Advisers and was at the White House from 2006 to 2009. In his position as the chief economic advisor to the President, he advised on a broad range of matters that involve both the macroeconomy and microeconomic issues. Mr. Lazear is a labor economist who is a founder of a field known as personnel economics. His research centers on employee incentives, promotions, compensation, and productivity in firms. He received his AB and AM degrees from the University of California at Los Angeles, and his PhD from Harvard University in economics.
Joseph Mason is the Hermann Moyse/Louisiana Bankers Association Chair of Banking at the Ourso School of Business, Louisiana State University and Senior Fellow at the Wharton School. Dr. Mason’s academic research focuses primarily on financial crises and securitization, investigating liquidity in thinly-traded assets and illiquid market conditions. His research has been published in the American Economic Review, the Journal of Money, Credit, and Banking, the Journal of Banking and Finance, and many other journals and books. Dr. Mason has testified before numerous Congressional Committees, European Parliament, and the Federal Reserve Board and advised companies, regulators, and central banks around the world on structured finance and other matters. His research and economic commentary on securitization and financial crises has appeared in print and on radio and television around the world.
Donald B. Marron is director of the Urban-Brookings Tax Policy Center, a visiting professor at the Georgetown Public Policy Institute and president of Marron Economics LLC. He also writes about economics, finance, and the federal budget at his blog: dmarron.com. From 2002 to early 2009, Mr. Marron served in various senior positions in the White House and Congress including as a member of the President's Council of Economic Advisers and as acting director of the Congressional Budget Office. Before his government service, he taught economics and finance at the University of Chicago Graduate School of Business, managed large antitrust cases at Charles River Associates, and served as chief financial officer of a health care software start-up in Austin, TX. He currently lives in Bethesda, Maryland.
John O’Leary is the executive editor of Better, Faster, Cheaper, a site dedicated to public sector innovation, and a Research Fellow at the Ash Center of Harvard’s Kennedy School of Government. He is the coauthor of If We Can Put a Man on the Moon... Getting Big Things Done in Government, published by Harvard Business Press. He has held several leadership positions in Massachusetts state government, including Chairman of the Civil Service Commission and Chief Human Resource Officer. Mr. O’Leary can be reached at firstname.lastname@example.org.
Phillip L. Swagel is a visiting professor at the McDonough School of Business at Georgetown University, where he teaches classes on financial markets and directs the Center for Financial Institutions, Policy, and Governance. Mr. Swagel served as Assistant Secretary for Economic Policy at the Treasury Department from December 2006 to January 2009. In that position, he advised Treasury Secretary Henry Paulson Jr. on all aspects of economic policy. He served as a member of the TARP investment committee, and was responsible for analysis on issues including housing, financial markets, healthcare, pensions, and macroeconomic forecasts. He was previously chief of staff and a senior economist at the White House Council of Economic Advisers; a resident scholar at the American Enterprise Institute; and an economist at the International Monetary Fund and the Board of Governors of the Federal Reserve. He has taught class at Northwestern University and the University of Chicago Booth School of Business. Mr. Swagel received a bachelor's degree in economics magna cum laude from Princeton University in 1987 and a master's degree in 1990 and a PhD in 1993, both in economics from Harvard University.
Clifford Winston is a senior fellow in the economic studies program at the Brookings Institution. He specializes in analysis of industrial organization, regulation, and transportation. Winston has also been co-editor of the annual microeconomic edition of Brookings Papers on Economic Activity. Prior to his fellowship at Brookings, he was Associate Professor at the Transportation Systems Division of Massachusetts Institute of Technology's Department of Civil Engineering. Dr. Winston received his A.B. in economics from the University of California at Berkeley in 1974, his M.Sc. from the London School of Economics in 1975, and his Ph.D. in economics from U.C. Berkeley in 1979. He is the author of Last Exit: Privatization and Deregulation of the U.S. Transportation System (Brookings, 2010).
Michael D. Bordo is Professor of Economics and Director of the Center for Monetary and Financial History at Rutgers University, New Brunswick, New Jersey. He has been a visiting Professor at the University of California Los Angeles, Carnegie Mellon University, Princeton University, Harvard University, Cambridge University where he was Pitt Professor of American History and Institutions, and a Visiting Scholar at the IMF, Federal Reserve Banks of St. Louis and Cleveland, the Federal Reserve Board of Governors the Bank of Canada, the Bank of England and the Bank for International Settlement. He also is a Research Associate of the National Bureau of Economic Research, Cambridge, Massachusetts.
Charles W. Calomiris is Henry Kaufman Professor of Financial Institutions at the Columbia University Graduate School of Business and a Professor at Columbia’s School of International and Public Affairs. He is a member of the Shadow Financial Regulatory Committee, the Shadow Open Market Committee, and the Financial Economists Roundtable, and a Research Associate of the National Bureau of Economic Research. His research spans several areas, including banking, corporate finance, financial history, monetary economics, and economic development.
Marvin Goodfriend is Professor of Economics and Chairman of the Gailliot Center for Public Policy at the Tepper School of Business, Carnegie Mellon University. He was Senior Vice President and Policy Advisor at the Federal Reserve Bank of Richmond from 1993 to 2005 where he regularly attended meetings of the Federal Open Market Committee in Washington, D.C. In 1984-85 he served as a senior staff economist for the President’s Council of Economic Advisors at the White House. He is a member of the Economic Advisory Panel of the Federal Reserve Bank of New York, and a Research Associate of the National Bureau of Economic Research.
Gregory D. Hess, the James G. Boswell Professor of Economics and George R. Roberts Fellow, is currently the Dean of Faculty and Vice President for Academic Affairs at Claremont McKenna College. He has served as an economist at the Federal Reserve Board in Washington, D.C., and has been a visiting scholar at the Bank of Japan, the International Monetary Fund, and the Federal Reserve Banks of Cleveland, Kansas City and St. Louis. His teaching and research interests include macroeconomics, public finance, monetary policy, and political economy.
Peter Ireland is the Murray and Monti Professor of Economics at Boston College, a Research Associate at the National Bureau of Economic Research, and an Editor of the Berkeley Electronic Journal of Macroeconomics. Before joining the faculty at Boston College, Professor Ireland held positions at Rutgers University and at the Federal Reserve Bank of Richmond; he received his Ph.D. in economics from the University of Chicago in 1991. Professor Ireland’s teaching and research focus on macroeconomics and monetary economics, particularly Federal Reserve policy and its effects on the United States economy.
Mickey Levy is Chief Economist for Bank of America. Dr. Levy analyzes and forecasts national and international economic performance and financial market behavior, and conducts research on monetary and fiscal policies. He sits on the Bank’s Asset Liability Committee. In addition to his work with Bank of America, Dr. Levy is an advisor to several Federal Reserve Banks. Dr. Levy has testified before U.S. Congressional committees on topics concerning the Federal Reserve and monetary policy, fiscal and budget policies, economic and credit conditions and the banking industry.
Bennett McCallum is the H.J. Heinz Professor of Economics in the Tepper School of Business (formerly the Graduate School of Industrial Administration) at Carnegie Mellon University. His other activities include those of a research associate of the National Bureau of Economic Research, a Fellow of the Econometric Society, a member of the Shadow Open Market Committee, and an Honorary Advisor to the Institute for Monetary and Economic Studies of the Bank of Japan. He currently serves on the editorial boards of the Journal of Money, Credit, and Banking and Economics Letters.