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Advice to the new administration: UM foreign and domestic policy guide


Health care reform: Congress should quickly enact a series of small step compromises incorporating elements of both candidates' health care plans.
Jack A. Meyer,

The six short readable essays are available online:

See below for bios and contact information.

Some Specific Recommendations

Carmen Reinhart, University of Maryland economist, an expert in financial crises and co-author of a forthcoming book on the history of financial crises.

"The most important single piece of advice for anyone who might be tapped to be the next secretary of the treasury is simple: Do not take the job unless the authority and influence associated with having the trust of the president comes with it. Under those conditions it can be an important, indeed critical assignment at a time of great national need."

Reinhart adds:

  • The first order of business may well be to provide additional federal funds to distressed businesses. "My research suggests that the longer that infusion is delayed, the higher ultimately will be the resolution cost." These expenditures may severely limit ambitious spending plans and tax relief proposed during the campaign.
  • Such aid will only be tolerated if accompanied by significant financial reforms.
  • The average drop in economic output is over two percent and recovery takes about two years.
  • "We should not go backward in the decade-long efforts to strengthen the international trading system."

Jack A. Meyer teaches health policy in the School of Public Policy and the University's

Contact: Neil Tickner
University of Maryland

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