I’ve asked Leo Hindery to spend some time with us at the New America Foundation today. It’s a brown bag deal — but I’ll provide the sodas and cookies (though I’m on a diet).
Hindery was the most quoted voice after a major forum we recently held that drew together economic advisers from the Clinton, Obama, McCain, and Edwards campaigns. He is intriguing because he’s a telecom executive and used to serve as CEO of AT&T Broadband and headed the Yankees Entertainment and Sports Network — but he believes in a stakeholder approach to modern capitalism, not the winner-takes-all mania that is producing super-winners and super-losers, undermining America’s middle class, and wrecking the present and future economy.
Hindery was the Senior Economic Adviser to John Edwards during his presidential run. Hindery has now signed on to the Obama campaign — and has represented Obama a number of times — but today he is not speaking on behalf of any campaign. . .just himself.
In my view, we are seeing two bubbles burst on the global economic stage at the same time — one is housing and the other is the world of complex financial instruments and derivatives.
We are going to have a discussion about these economic challenges today and how to focus on the “real economy” rather than the “delusional economy” — while Bernanke is doing the same (at the same time) over at the Joint Economic Committee in Congress. I will be speaking as well in addition to Sherle Schwenninger who heads the New America Foundation Economic Growth Program and Bruce Stokes, economics columnist at National Journal. We are starting at noon sharp for locals and ending exactly at 1:30 pm.
More later — but I thought that there were a number of bloggers and thinkers in DC today that might find this fun to participate in. For those not in DC, I’d be happy to get a link of the digital video/audio sent to you directly by my colleagues. Just email me.
— Steve Clemons