Obama picks former Fed chairman Paul Volcker for economic team
Associated Press
6:50 AM PST, November 26, 2008
CHICAGO — Former Federal Reserve chairman Paul Volcker will head a new White House panel to help President-elect Barack Obama create jobs and bring stability to the ailing financial system.
Volcker, 81, will head the President's Economic Recovery Advisory Board. The board's top staff official will be Austan Goolsbee, a University of Chicago economist, Obama's office said today.
Obama was expected to introduce members of the advisory board today at a news conference, his third in as many days as the long Thanksgiving weekend nears. It was a remarkable burst of public activity for Obama, who has sought to assure nervous consumers and financial markets that he will bring swift economic relief as president.
Tuesday, Obama introduced Congressional Budget Office Director Peter Orszag as his candidate to run the White House Office of Management and Budget. The president-elect also pledged a "page-by-page, line-by-line" budget review to root out unneeded spending.
(More here.)
6:50 AM PST, November 26, 2008
CHICAGO — Former Federal Reserve chairman Paul Volcker will head a new White House panel to help President-elect Barack Obama create jobs and bring stability to the ailing financial system.
Volcker, 81, will head the President's Economic Recovery Advisory Board. The board's top staff official will be Austan Goolsbee, a University of Chicago economist, Obama's office said today.
Obama was expected to introduce members of the advisory board today at a news conference, his third in as many days as the long Thanksgiving weekend nears. It was a remarkable burst of public activity for Obama, who has sought to assure nervous consumers and financial markets that he will bring swift economic relief as president.
Tuesday, Obama introduced Congressional Budget Office Director Peter Orszag as his candidate to run the White House Office of Management and Budget. The president-elect also pledged a "page-by-page, line-by-line" budget review to root out unneeded spending.
(More here.)
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1 Comments:
What is wrong with giving the American household a check for $13,000? The $13,000 would do much better in the people’s hands. The $13,000 is less than the government is spending on the original bailout and the new proposed $800 billion. If an economic advisory board cannot put the people before their selfish reasons something is very wrong. If the people had the money they would spend it and then jobs would be added, manufacturing would grow, and last but not least the states would gain money in the form of sales taxes not to mention the added income taxes from the extra workers.
http://nomedals.blogspot.com
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