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Keith Hennessey

Lecturer, Stanford Graduate School of Business, Stanford University

Keith Hennessey was a math and political science major at Stanford. After a quick stop at Harvard to get a Master's degree he spent almost 15 years in Washington, DC working as an economic advisor to two Senators and a President. He helped Senators Trent Lott and Pete Domenici do battle with President Clinton on spending and taxes. He also helped them work with President Clinton to enact welfare reform, a balanced budget, tax cuts, Trade Promotion Authority, and the Gramm-Leach-Bliley banking reform bill.
Keith then spent more than six years helping President George W. Bush with economic policy, as the #2 guy and then the #1 guy on the White House National Economic Council. He helped President Bush cut taxes repeatedly, create Health Savings Accounts, and reform Fannie Mae and Freddie Mac. He helped design, enact, and implement policies on renewable fuels and fuel efficiency standards, offshore and onshore oil and gas drilling, terrorism reinsurance and Medicare drug benefits. He worked on Social Security and Medicare reform, and he coordinated the government's response to a West Coast port strike and the first U.S. case of mad cow disease. And he was part of the President's core team in responding to the financial crisis of 2008, helping enact and implement the TARP and a bunch of other financial rescue actions.
Keith advised the president on tax rates and health reform, on space shuttles and cow parts, on offshore drilling rigs and collapsing car manufacturers, on prescription drugs and capital gains and windmills and Social Security and climate change and broadband and housing. Most importantly, Keith was involved in coordinating the most popular domestic policy of the George W. Bush presidency: the Do-Not-Call list that prohibits telemarketers from calling you during dinner.
Keith escaped Washington after the end of the Bush presidency and has been teaching at Stanford's Graduate School of Business for more than six year and he won the MBA Distinguished Teaching Award. He writes about American economic policy at