LA Times: Obama left short-handed on economy

Los Angeles Times ^ | August 12, 2011 | By Jim Puzzanghera

[Oldeconomybuyer]

As he confronts the threat of another recession and turmoil in the financial markets, President Obama is being advised by an economic team that is noticeably short on big-name players — potentially hurting his ability to find solutions and sell them to Wall Street, Congress and the American public.

"When you ask about the economic team, it's kind of like, 'What economic team?'" said Edward Mills, a financial policy analyst with FBR Capital Markets. "They are very thin at a very critical time."

The administration needs all the firepower it can muster, experts said. Yet the team is missing a key messenger in selling Obama's policies. The post of chairman of the Council of Economic Advisors — an influential position — is vacant and is likely to remain so at least into the fall.

When Obama took office in early 2009, he was counseled by an all-star economic team that included former Treasury Secretary Lawrence H. Summers, Great Depression scholar Christina D. Romer and former Federal Reserve Chairman Paul A. Volcker.

Also on the roster were well-regarded economists such as Budget Director Peter R. Orszag, Jared Bernstein and Austan Goolsbee. All of them have since resigned.

That leaves Treasury Secretary Timothy F. Geithner as the sole remaining top member of the original team.

[Oldeconomybuyer]

The Obama Economic Team ...

[Mr. Mojo]

"When you ask about the economic team, it's kind of like, 'What economic team?'"

Or "what President"?, for that matter.

[keat]

The smartest man in the world is obviously his own advisor.

[allmendream]

“he was counseled by an all-star economic team that included former Treasury Secretary Lawrence H. Summers, Great Depression scholar Christina D. Romer and former Federal Reserve Chairman Paul A. Volcker.

Also on the roster were well-regarded economists such as Budget Director Peter R. Orszag, Jared Bernstein and Austan Goolsbee. All of them have since resigned.”

........ like Rats from a sinking ship.

[wiggen]

“That leaves Treasury Secretary Timothy F. Geithner as the sole remaining top member of the original team.”
AKA,the weakest link.

[Cringing Negativism Network]

Short handed?

Is that jourba-list liberal speak for sabotage?

Obama is the problem.

[Calusa]

The White House said late Friday that the president has assembled an economic team "with more public policy experience in creating jobs and turning deficits into surpluses than at any time in recent history."

Can Obie and his teleprompter ever go more than few sentences without making reference to their imagined greatly vaunted status with respect to the World or history?

[PGalt]

LOL! Great pic. Even the collectivists are jumping off the USS Collective.

DEFUND socialist collectives, foreign and domestic.

[Smnz]

Why would one buy a ticket for a cruise on a ship that has already sank? You would think that any economist or financial guru with any intelligence is smart enough to recognize that unless there is a major change in leadership, this administration’s economic philosophy and ideology is an absolute disaster.

[Don Corleone]

"When you ask about the economic team, it's kind of like, 'What economic team?'"

Marx,Engles, Cloward, Piven, Keynes, all top economists. How could things go wrong? /s

[GailA]

If he were so super smart then why doses he need the has been’s from slick willies administration?

[ALPAPilot]

As he confronts the threat of another recession and turmoil in the financial markets, President Obama is being advised by an economic team that is noticeably short on big-name players — potentially hurting his ability to find solutions and sell them to Wall Street, Congress and the American public.

For $2.42 plus shipping he could get all the advice he needs from Amazon.com (and he wouldn't have to shell out any cash for sales tax).

Free to Choose: A Personal Statement by Milton Friedman and Rose Friedman (Paperback - Nov 26, 1990)

Buy new: $8.24

56 new from $4.98 128 used from $2.42

[blueunicorn6]

“An economic team that is noticeably short on big-name players”.....Well, that and brains.

[kittymyrib]

Didn’t we hear in June that BO did not meet with his economic adviser so far this year? He doesn’t need another worthless adviser when he has Soros telling him what needs to be done.

[TShaunK]

“Obama is being advised by an economic team that is noticeably short on big-name players “

What he is short of is big name solutions.

[jimbo123]

[gakrak]

Well if you are a noted economist in your field, why would
you want to help someone who is dumb as a sack of rocks?
I don’t believe that community organizers are noted for
economic solutions or how to improve a large economy.
They normally like to just scam the public with sob stories.
Amen.

[Bean Counter]

When this crew was coming into office, the economic brain-trust Premier Hussein had assembled was pimped as the greatest thing to happen since sliced bread. Timmy Geithner was sold to the public by none other than Henry “Daddy Yourbucks” Paulson, as the smartest guy in the whole world and the only person who could save the Country from economic Armageddon.

And nearly three years later, the Cheese stands alone...

Its clear that there is nobody in charge in DC. The inmates have given up even trying to run the asylum and there are no more adults around to take control. I seriously wonder if the Nation will survive long enough to get someone responsible into Washington before we all go down in flames together.

[yldstrk]

lmao the Cheese stands alone, that is so funny

[BluH2o]

That leaves Treasury Secretary Timothy F. Geithner as the sole remaining top member of the original team.

Turbo tax Timmy ... yeah, there's a guy who will bolster confidence on Wall Street, Congress and with the American public. He's a loser like the guy who appointed him Treasury Secretary.