Articles

Thanksgiving Cheer From Obama

November 27, 2008

When President-elect Barack Obama's economic transition team met this month, everyone was there -- inflation fighters, business leaders, union firebrands and leftist economists -- creating confusion about where the new administration was headed.

Mr. Obama's announcement of his economic team on Monday provided surprisingly positive clarity. He picked as Treasury Secretary Tim Geithner, the respected, soft-spoken New York Fed president. Mr. Geithner has been a key player with Treasury Secretary Hank Paulson and Fed Chairman Ben Bernanke in confronting the financial crisis. Every major decision in the rescue effort came only after the three agreed.

The National Economic Council director-designee, Larry Summers, is another solid pick. Mr. Summers has been an advocate for trade liberalization, he was the Clinton administration's negotiator for the financial deregulation known as Gramm-Leach-Bliley, and he even attempted to rein in Fannie Mae and Freddie Mac in the 1990s.

Mr. Obama also named a respected monetary expert -- Christina Romer -- to head up his Council of Economic Advisors. On Tuesday he selected a first-rate thinker, Peter Orszag, to be director of the White House's Office of Management and Budget.

FULL ARTICLE: http://online.wsj.com/article/SB122783239069463007.html

Related Article

02b79d10642ebf7676b00c5f4ebca3f5
February 29, 2024 |
Article
This year will be only the second time a former president faces the man who defeated him four years before. ...
60779094a7c9cc27594136919e3ce66e
February 22, 2024 |
Article
Presidential politics is principally about consolidation and addition. ...
Acd424735e9dd4304fb5c1c6425c0d23
February 15, 2024 |
Article
The Biden campaign took a torpedo to its engine room last week in the form of special counsel Robert Hur’s report. ...
A4da1e61a69e6733f9b1de11882204c4
February 08, 2024 |
Article
I first saw him on Friday, Sept. 14, 2001, at Ground Zero in New York. ...
Button karlsbooks
Button readinglist
Button nextapperance