Roosevelt Institute
New Deal 2.0
History
New Deal 2.0 (abbreviated ND20) is a collaborative blog focusing on progressive economics, created by web entrepreneur and cultural theorist Lynn Parramore, co-founder of Recessionwire.[2] It was launched on April 29, 2009, the end of President Barack Obama’s first hundred days in office, as a reference to the First Hundred Days of Franklin D. Roosevelt’s presidency.[3] It has served as a platform for Roosevelt Institute fellows Joseph Stiglitz, Robert Johnson, Thomas Ferguson, Mike Konczal, Mark Schmitt, Matt Stoller, Marshall Auerback, Bo Cutter, Ellen Chesler, Jeff Madrick, Richard Kirsch, David Woolner, and Lynn Parramore, as well as other writers and commentators including Elizabeth Warren, Eliot Spitzer, William K. Black, Anna Burger, and James K. Galbraith. Aimed at journalists, policy-makers, and engaged citizens, New Deal 2.0 covers topics including financial reform, unemployment, housing, debt, income inequality, money and politics, progressive values, the culture of capitalism, and the economic challenges facing the country. It also brings an economic perspective to issues including health care, immigration, and human rights, advocating the view that economic outcomes must be considered alongside social goals.
New Deal 2.0 features a number of regular columns written by Roosevelt Institute staff and fellows, including Robert Johnson’s “The FinanceSeer” and Bo Cutter’s “The Cutter Report,” in which they draw on their experience in finance and politics to provide insight on current debates; David Woolner’s “Legacy Lessons,” which examines the FDR legacy in relation to modern politics; Feminomics, a series on women and the economy edited by Lynn Parramore; “The Swipe,” a series on consumer debt written by Bryce Covert; “Young Voices,” which showcases young thinkers and student activists; “New Deal Dictionary” and “Econ 102,” which explain significant economic terms and concepts, and the “Daily Digest,” which rounds up important economic and political news.
Roosevelt Institute fellows and associates have also used New Deal 2.0 to publish several research papers, including “A World Upside Down? Deficit Fantasies in the Great Recession,” Robert Johnson and Thomas Ferguson’s exploration of the U.S. budget deficit; “Principles and Guidelines for Deficit Reduction,” Joseph Stiglitz’s blueprint for a progressive response to the deficit; “Democracy in Peril,” an examination of American voter turnout patterns by Walter Dean Burnham; “The Stagnating Labor Market,” in which Mike Konczal and Arjun Jayadev challenge the structural unemployment explanation for the current job crisis; “The Boom Not the Slump: The Right Time for Austerity,” in which Konczal and Jayadev argue that austerity is the wrong response to an economic downturn; “Understanding Public Opinion on Deficits and Social Security,” an investigation of the AmericaSpeaks town hall meetings by Benjamin Page and Lawrence Jacobs; and “1,2,3 Many Tea Parties: A Closer Look at the Massachusetts Senate Race,” Thomas Ferguson’s study of the Tea Party’s role in the election of Scott Brown.