Obanomics - Obama Econonomy Team crisis management experts economists geithner summers romer while Volker & Goolsbee outside the governemnt economy intelligence. Barack Obama as president-elect focused on economy recovery new plan with his troubled global economy solution mindset team. View critical views on Summers by liberal writers interviews while opposing views as Henry Kissinger suggested that Mr. Summers be given a White House post in which he was charged with shooting down or fixing bad ideas. Larry Summers likes to say there is no silver bullet to the economy crisis. He will argue for trying many different things and erring on the side of overreaction.
Summers may also push the administration to work with foreign governments to crack down on tax shelters. The more relevant question is how Mr. Summers will advise Obama to rewrite the regulatory framework once the immediate crisis lifts. And Summers is likely to support big changes.
He has said any system that created the Mexican peso crisis, the mAsian financial crisis and the current troubles needs to be changed. In the best case, Obama will encourage Mr. Summers to play
the role of fearless truth teller. As director of the council, Summers would be a conduit to the president. It is a weighty role that maximizes his strengths in summoning intellectual firepower and minimizes his weaknesses in playing well with others. Summers will be able to offer his often-blunt policy prescriptions to Obama behind closed doors, while not having to run a federal bureaucracy, where tact and diplomacy would be required. Finally, Obama is well aware that his presidency will be judged on whether he is able to breathe life into a seriously ailing economy. If he succeeds, he could be seen as a 21st century FDR. If he fails, he's the new Herbert Hoover, whose ineffectual efforts plunged the country even deeper into depression.
Hank Paulson's presentation the State of US Economy at Stanford CISCO Conference .
ROBERT SHILLER THE YALE ECONOMIST's INTERVIEW WITH FOCUS ON PSYCHO HISTORY OF GLOBAL FINANCIAL CRISIS & discussion of the challenges presented by a global economy with former Treasury Secretaries Robert E. Rubin and Lawrence H. Summers and Roger C. Altman of the Hamilton Project, a program co-founded by Mr. Rubin at the Brookings Institution, a think tank, focused largely on fiscal discipline and pragmatic economic, some participants are now in the Obama's economic team.
Below Paul Krugman comments on Obama's void of broad economy strategies within his team and MADOFF PONSI SCHEME FRAUD AS FINANCES SYSTEM FALLACY COGNITIVE FAILURE AS CRISIS OF CONFIDENCE CHALLENGE TO REWAMP GLOBAL REGULATION SYSTEM FOR OBAMA's ECOTEAM
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