OTHER CONTRIBUTIONS AND ARTICLES
  • Why Consumers Aren't Spending
    October 28, 2011, By Meg Handley, U.S.News & World Report
  • In a world of austerity, Obama bucks the trend
    September 8, 2011, By Kevin Carmichael, The Globe and Mail
  • A Former Clinton Official on How Obama Isn't Doing Enough for the Economy
    August 28, 2011, By Robert Shapiro, The New Republic
  • 5 Economists Who Could Give the White House a Boost on Jobs
    August 12, 2011, By Jim Tankersley, National Journal
  • Cutting the Deficit: What Comes Next?
    August 11, 2011, By Claire Lambrecht, CBS Money Watch
  • 5 Questions About the Federal Reserve and Bernanke's News Conference
    April 27, 2011, By Murray Jacobson, PBS News Hour
  • How Debt Fight Could Play Out
    April 23, 2011, By Jim McTague, Barron\'s
  • IRS Funding Cut Days Before Report Shows $330 Billion In Uncollected Taxes
    April 11, 2011, By Sam Stein, Huffington Post
  • Will Japan Crisis Hike Interest Rates?
    March 27, 2011, By Noah Kristula-Green, FrumForum
  • Obama Faces Backlash Abroad Amid Libyan Turmoil
    March 27, 2011, By , FoxNews
  • Japan’s Economic Aftershocks
    March 27, 2011, By Noah Kristula-Green, FrumForum
  • Past suggests little lasting harm to Japan economy
    March 26, 2011, By Paul Wiseman, Asian Weekly
  • Effects of Japan's power crisis could ripple around world
    March 21, 2011, By Jim Landers, Dallas Morning News
  • Romney’s plan for tax breaks stirs debate
    March 11, 2011, By Matt Viser, The Boston Globe
  • The Deficit: Congress Fiddles as America Loses Ground
    March 9, 2011, By Patrick Smith, The Fiscal Times
  • China's economic hotspots attract global attention
    March 8, 2011, By , xinhuanet
  • US Economists: Poland Should Do Better to Attract Frgn Invest
    March 1, 2011, By Katie Schimmelpfennig, iMarketNews.com
  • Taming the Corporate Tax
    February 19, 2011, By Jim McTague, Barrons
  • Student Access Student Choice Coalition Supports Effort to Defund Gainful Employment Rule
    February 14, 2011, By PRNewswire, PRNewswire
  • Business Leaders Vie for State Dinner Invites
    February 11, 2011, By Joe Mont, The Street
  • Monopolization and the Costs of Drugs
    February 10, 2011, By Vijay K. Mathur, Standard-Examiner
  • DLC Once Held Center Stage for Democrats
    February 9, 2011, By Kate Ackley, Roll Call
  • DLC RIP
    February 9, 2011, By Joe Klein, Time Blog
  • On Different Planets
    February 7, 2011, By Rosslyn Beeby, Canberra Times
  • American Task Force Argentina Calls on Argentine Government to Prioritize Its Debts to U.S. Lenders
    February 4, 2011, By Business Wire, Business Wire
  • Will Obama's 'Sputnik moment' fly?
    January 30, 2011, By Don Lee and David Pierson, Los Angeles Times
  • Consumer Confidence's Unexpected Seven Month High
    January 25, 2011, By Jennifer-DePaul, The Fiscal Times
  • State of the Union: Obama's Economic Report Card
    January 24, 2011, By Suzanne McGee, CBS Money Watch
  • The problem with competitiveness, and Canada
    January 24, 2011, By Ezra Klein, The Washington Post
  • ATFA Welcomes the American Legislative Exchange Council to Its Growing Roster
    January 18, 2011, By Business Wire, CNBC.com
  • ATFA Welcomes the American Legislative Exchange Council to Its Growing Roster
    January 18, 2011, By Business Wire, Business Wire
  • US administration seeks positive US-China ties
    January 16, 2011, By , Associated Press
  • Obama's staff shake-up -- Sperling
    January 7, 2011, By Richard Wolf, USA Today
  • Daley brings business and political smarts to job
    January 7, 2011, By Tom Raum, Associated Press
  • Obama's Staff Shake-Up -- Daley
    January 6, 2011, By Richard Wolf and Mimi Hall, USA Today
  • Bondholders demand "good faith" from the government
    January 5, 2011, By Martin Kanenguiser, La Nacion
  • Robert Shapiro: The Recovery Is Abnormally Slow and Unusually Fragile
    December 15, 2010, By Ash Bennington, CNBC.com
  • New Net Neutrality Framework Will Free FCC to Refocus on Universal Broadband
    December 14, 2010, By Robert J. Shapiro, Huffington Post
  • On the sovereign debt crisis in Europe, and Spain's significance
    December 1, 2010, By Paul R. La Monica, CNN Money
  • Consumer Confidence Inches Up after 2 Months of Decline
    August 31, 2010, By Jennifer DePaul, The Fiscal Times
    • PRESS

    Why Consumers Aren't Spending
    October 28, 2011, By Meg Handley, U.S.News & World Report

    Dr. Shapiro is quoted in this article:
       
    " The issue is 'Why aren't people spending?' and 'Why aren't they confident of their ability to spend more?'" says Robert Shapiro, fellow at the Georgetown Center for Business and Public Policy at the McDonough School of Business and chairman of Sonecon, LLC. "We've had a modest recovery, including in employment."

    Politicians are putting a lot of stock in plans and legislation designed to resuscitate the economy, proposing everything from tax credits for businesses that hire to expanding and expediting trade agreements with other nations.

    But will passing another stimulus bill restore consumer confidence, the absence of which has severely hampered economic growth and progress toward recovery?

    Experts aren't so sure. Despite the fact that the economy is growing—albeit, extremely slowly—and the economy hasn't begun to shed jobs yet, consumer sentiment remains in the dumps. Americans feel slightly more secure in the workplace, but on the whole they feel "worse off" financially than last year, according to a recent survey by Absolute Strategy Research (ASR). Consumers are also more pessimistic about the coming year, largely due to worries...

    ... read more