As the economy nose-dives into a crisis of unknown depths, hear renowned economist and former Secretary of Labor Reich lay out his thoughts on what lurks around the financial corner in 2009.
Drawing on his years of experience both in and out of the political sphere, and sifting through the mountain of financial data, fiscal indicators, and government spin, Reich - who has been rumored as a contender for a position in the Obama administration - will cut through the hysteria and hyperbole to reveal where we're headed in '09- The Commonwealth Club of California
Robert Reich is professor of public policy at the Goldman School of Public Policy at UC Berkeley.
He served in three national administrations; his articles appear frequently in The New York Times and The Washington Post, and he is a commentator for American Public Media's "Marketplace," heard on NPR.
Though it is a "hard recession," Robert Reich says the economy will start to turn around in two or three years with prudent federal investment -- though the unemployment rate may reach 15 or 16 percent without "effective government action."