President Obama approaches his second inauguration after an electoral victory broader and deeper than most had predicted, with a slightly increased majority in the U.S. Senate, but with Republicans still holding a distinct (yet smaller) majority in the House of Representatives. While deep partisan divides still remain in Washington, the president has the chance to use his second term to make his mark on public policy. The first 100 days of this second term and his relationship with a newly seated Congress provide an opportunity for policy changes that can find support across party lines. Brookings is committed to developing a set of high-impact policy recommendations to present to the Obama administration in January in order to reinvigorate the American economy, create jobs and strengthen competitiveness.
On January 15, the Brookings Institution brought together a distinguished group of private and public sector leaders for a day-long series of panels addressing fiscal challenges, U.S. manufacturing and government performance. Brookings experts have released several new papers on these topics with recommendations focused on the first 100 days.
Welcoming Remarks and Panel 1:
Panel 3 & Closing Remarks
- Cut to Invest: Create a “Race to the Shop” Competition for Advanced Manufacturing
Bruce Katz and Peter Hamp
- Cut to Invest: Create a Nationwide Network of Advanced Industries Innovation Hubs
Devashree Saha and Mark Muro
- Cut to Invest: Support the Designation of 20 “U.S. Manufacturing Universities”
Robert D. Atkinson and Stephen Ezell
- Smart Policy: Building an Innovation-Based Economy
Darrell West, Allan Friedman and Walter Valdivia
Vice Chairman - Citigroup
President - Committee for a Responsible Federal Budget
Chairman, President and CEO - Procter & Gamble
President & CEO - Evercore Partners
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Sentiment inside the Beltway has turned sharply against China. There are many issues where the two parties sound more or less the same. Trump and others in the administration seem heavily invested in a ‘get very tough with China’ stance. It’s possible that some Democrats might argue that a decoupling strategy borders on lunacy. But if Trump believes this will play well with his core constituencies as his reelection campaign moves into high gear, he will probably decide to stick with it, if the costs and the collateral damage seem manageable. But that’s a very big if, especially if the downsides of a protracted trade war for both American consumers and for American firms become increasingly apparent.