Wednesday, November 26, 2008


Barack Obama appears to be emulating the old N Y Yankees philosophy of buying up all the good players and have them sit on the bench, rather than let them play for the opposition (which has names like Reid and Pelosi:
Paul Volcker, who helped tame runaway inflation in the 1980s during two terms as chairman of the Federal Reserve, has agreed to lead a new White House economic advisory committee, President-elect Barack Obama said on Wednesday, praising Volcker as "one of the world's foremost economic policy experts."

....Austan Goolsbee, a University of Chicago economist who was a leading economic adviser to the Obama presidential campaign, will be the top staff member of the advisory board, the president-elect said, calling him "one of America's most promising economic minds, known for his path-breaking work on tax policy and industrial organization."

Adding them to the first team of Summers, Geithner, Romer and Orzag might make it crowded in the dugout.

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