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At a press conference this morning, President-elect Barack Obama named members of his newly created President’s Economic Recovery Advisory Board — and he appointed former chair of the Federal Reserve, Paul Volcker, as its chief. Obama also gave the panel’s top staff position to Austan Goolsbee, a University of Chicago economist. The body will have between eight and 16 members and will exist for a minimum of two years. Yesterday, Obama announced Peter Orszag as his choice for director of the Office of Management and Budget and Rob Nabors as the OMB’s deputy director; on Monday, he announced four other economic advisors, including Timothy Geithner as Secretary of the Treasury. After the jump, video from yesterday’s announcement.
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Comment posted November 26, 2008 @ 5:52 pm
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.
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