1
c h a p t e r 1
TO RESCUE, REBALANCE,
AND REBUILD
transmitted to the congress february 2010
together with the annual report
of the council of economic advisers
econom ic
re p ort
of the
pre s i d ent
For sale by the Superintendent of Documents, U.S. Government Printing Office
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ISBN 978-0-16-084824-7
transmitted to the congress
february 2010
together with
the annual report
of the
council of economic advisers
united states government printing office
washington : 2010
e c onom ic
re p ort
of the
p re s i d ent
iii
C O N t e N t S
eCONOMIC RePORt OF tHe PReSIDeNt ...........................................
1
ANNUAL RePORt OF tHe COUNCIL OF eCONOMIC ADVISeRS* 11
CHAPteR 1.
tO ReSCUe, ReBALANCe, AND ReBUILD ..............
25
CHAPteR 2.
ReSCUING tHe eCONOMY FROM tHe GReAt
ReCeSSION ........................................................................
39
CHAPteR 3
CRISIS AND ReCOVeRY IN tHe WORLD
eCONOMY ........................................................................
81
CHAPteR 4.
SAVING AND INVeStMeNt ....................................... 113
CHAPteR 5.
ADDReSSING tHe LONG-RUN FISCAL
CHALLeNGe ..................................................................... 137
CHAPteR 6.
BUILDING A SAFeR FINANCIAL SYSteM .............. 159
CHAPteR 7.
ReFORMING HeALtH CARe ...................................... 181
CHAPteR 8.
StReNGtHeNING tHe AMeRICAN LABOR
FORCe ................................................................................. 213
CHAPteR 9.
tRANSFORMING tHe eNeRGY SeCtOR AND
ADDReSSING CLIMAte CHANGe ............................ 235
CHAPteR 10. FOSteRING PRODUCtIVItY GROWtH
tHROUGH INNOVAtION AND tRADe ................. 259
ReFeReNCeS
............................................................................................... 285
APPeNDIX A. RePORt tO tHe PReSIDeNt ON tHe
ACtIVItIeS OF tHe CO