Publications

A multitude of evidence makes clear that GDP's third quarter growth can be traced to the Recovery Act, and that the long-term health of the economy is going to depend on pushing forward--not pulling back--with even more stimulus measures.

Deficit spending, when directed toward positive investments such as infrastructure and high-quality education, can generate important returns for future generations.

In response to the unemployment crisis, EPI has proposed a tax credit that could create millions of jobs over the next two years, at a relatively low cost.

EPI Briefing Paper #248

On October 8, EPI President Lawrence Mishel testified before the House Ways and Means Committee on Income Security and Family Support, warning that unemployment would continue to rise, at least through the middle of 2010. "We need to help families weather this storm and do what we can to generate jobs and a robust recovery," he said.

Contrary to popular assumption, stimulus spending under the American Recovery and Reinvestment Act has been a very small factor in the expansion of the federal budget deficit in 2009. Many policies that pre-date the Obama Administration, including Bush-era spending on the wars in Iran and Afghanistan, are key factors in the growing deficit.

EPI President Lawrence Mishel explains the current state of the economy and outlines the specific challenges policy makers need to tackle going forward.