Ex-Fed Chairman Volcker to head Obama Econ Advice Team
Obama: 'Help is on the way' for economy
President-elect names Volcker to head economic advisers team
"Former Federal Reserve chairman Paul Volcker, 81, will head the President's Economic Recovery Advisory Board, while the board's top staff official will be Austan Goolsbee, a University of Chicago economist."
Oh, this is good to hear. Volcker is a solid choice to head this committee. He made some hard choices back in the early 80s, which put the country through some short term turmoil, but his policies(continued by Ex-Fed Chairman Greenspan) bought us years of restrained inflation that only helped the Economy grow... something that's been troubling in terms of what the current Fed Chairman Bernanke has been doing.
Then we have a Chicago School of Economics economist as the top staff official, which can only be a good thing. Goolsbee has a reputation as being a Centrist, and is well qualified for the position.
Picks like these are reassuring that I was correct in thinking that an Obama Administration will probably govern from the Center and not fall too far to the Left when making Fiscal decisions. That is very reassuring with the large landslide over seats the Democrats took over in congress this political season. Just hearing about the fact they're trying to get an Auto Bailout moving has been making me nervous about the direction they'd take the country in the next few years, but if Obama shows the same restraint in governing as he's showing making his Economic Advisers picks, then I think we may be in for some actual good to be done.
President-elect names Volcker to head economic advisers team
"Former Federal Reserve chairman Paul Volcker, 81, will head the President's Economic Recovery Advisory Board, while the board's top staff official will be Austan Goolsbee, a University of Chicago economist."
Oh, this is good to hear. Volcker is a solid choice to head this committee. He made some hard choices back in the early 80s, which put the country through some short term turmoil, but his policies(continued by Ex-Fed Chairman Greenspan) bought us years of restrained inflation that only helped the Economy grow... something that's been troubling in terms of what the current Fed Chairman Bernanke has been doing.
Then we have a Chicago School of Economics economist as the top staff official, which can only be a good thing. Goolsbee has a reputation as being a Centrist, and is well qualified for the position.
Picks like these are reassuring that I was correct in thinking that an Obama Administration will probably govern from the Center and not fall too far to the Left when making Fiscal decisions. That is very reassuring with the large landslide over seats the Democrats took over in congress this political season. Just hearing about the fact they're trying to get an Auto Bailout moving has been making me nervous about the direction they'd take the country in the next few years, but if Obama shows the same restraint in governing as he's showing making his Economic Advisers picks, then I think we may be in for some actual good to be done.
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