Council of Economic Advisers (U.S.) - Economic Report of the President; Transmitted to the Congress January 2009 Together With the Annual Report of the Council of Economic Advisors (2009).pdf

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Economic Report
of the President
Transmitted to the Congress
January 2009
together with
THE ANNUAL REPORT
of the
COUNCIL OF ECONOMIC ADVISERS
UNITED STATES GOVERNMENT PRINTING OFFICE
WASHINGTON : 2009
For sale by the Superintendent of Documents, U.S. Government Printing Office
Internet: bookstore.gpo.gov Phone: (202) 512-1800 Fax: (202) 512-2250
Mail Stop: SSOP, Washington, DC 20402-0001
ISBN-13: 978-0-16-077918-3
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CONTENTS
Page
ECONOMIC REPORT OF THE PRESIDENT .............................................
ANNUAL REPORT OF THE COUNCIL OF ECONOMIC ADVISERS* ...
CHAPTER 1. THE YEAR IN REVIEW AND THE YEARS AHEAD ...........
1
9
31
CHAPTER 2. HOUSING AND FINANCIAL MARkETS.............................
CHAPTER 3. ENERGY AND THE ENVIRONMENT ................................
CHAPTER 4. THE BENEFITS OF OPEN TRADE AND
INVESTMENT POLICIES ..............................................................................
CHAPTER 5. TAx POLICY ...........................................................................
CHAPTER 6. THE LONG-RUN CHALLENGES OF ENTITLEMENT
SPENDING ......................................................................................................
61
97
127
151
175
CHAPTER 7. BALANCING PRIVATE AND PUBLIC ROLES IN
HEALTH CARE ...............................................................................................
CHAPTER 8. EDUCATION AND LABOR ..................................................
CHAPTER 9. ECONOMIC REGULATION.................................................
APPENDIx A. REPORT TO THE PRESIDENT ON THE ACTIVITIES
OF THE COUNCIL OF ECONOMIC ADVISERS DURING 2008.............
APPENDIx B. STATISTICAL TABLES RELATING TO INCOME,
EMPLOYMENT, AND PRODUCTION........................................................
197
217
239
261
275
* For a detailed table of contents of the Council’s Report, see page 11
Economic Report of the President | iii
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