Skip to comments.
Volcker Tapped for Advisory Role
Wall Street Journal ^
| Jonathan Weisman
Posted on 11/26/2008 8:06:53 AM PST by MissCalico
x-Fed Chief to Lead New Economic Panel of Outside Experts Who Will Brief Obama
President-elect Barack Obama appointed former Federal Reserve Chairman Paul Volcker on Wednesday to be the chairman of a new White House advisory board tasked with helping to lift the nation from recession and stabilize financial markets.
University of Chicago economist Austan Goolsbee, one of Mr. Obama's longest-serving policy advisers, will serve as the board's staff director, along with his duties as a member of the White House Council of Economic Advisers. Members of the panel will be drawn from a cross-section of citizens outside the government, chosen for their independence and nonpartisanship.
(Excerpt) Read more at online.wsj.com ...
TOPICS: Breaking News; Business/Economy; Government; News/Current Events
KEYWORDS: 111th; alinsky; backpedaling; bho; bho2008; bhofed; carter; cfr; change; economy; elf; fed; goodoldboys; hope; hussein; insiders; jimmahcahtah; jimmycarter; kofiannan; malaise; nwo; obama; obamatransitionfile; oil4food; oilforfood; oilforfoodscandal; paulvolcker; powercorp; theone; totalfinaelf; volcker; volker; yeswecan
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-60, 61-80, 81 next last
From wikipedia...
Chairman of the Federal Reserve
Paul Volcker, a Democrat[2], was appointed Chairman of the Federal Reserve in August 1979 by President Jimmy Carter and reappointed in 1983 by President Ronald Reagan.[3] Volcker's Fed is widely credited with ending the United States' stagflation crisis of the 1970s by limiting the growth of the money supply, abandoning the previous policy of targeting interest rates. Inflation, which peaked at 13.5% in 1981, was successfully lowered to 3.2% by 1983. [1] However, the change in policy contributed to the significant recession the U.S. economy experienced in the early 1980s, which included the highest unemployment levels since the Great Depression, and Volcker's Fed also elicited the strongest political attacks and most wide-spread protests in the history of the Federal Reserve (unlike any protests experienced since 1922), due to the effects of the high interest rates on the construction and farming sectors, culminating in indebted farmers driving their tractors onto C Street NW and blockading the Eccles Building.[4]
To: MissCalico
2
posted on
11/26/2008 8:10:02 AM PST
by
rom
(Voted for Ron Paul in the primary. Voted against Obama in the general and FOR Palin.)
To: MissCalico
3
posted on
11/26/2008 8:10:41 AM PST
by
Boiling Pots
(I'd be laughing if it wasn't going to be so expensive.)
To: MissCalico
Volcker is pretty smart but he is a World Bank & CFR guy.
4
posted on
11/26/2008 8:13:47 AM PST
by
Frantzie
To: Boiling Pots
Volker is married to who?
5
posted on
11/26/2008 8:14:12 AM PST
by
Sacajaweau
(I'm planting corn...Have to feed my car...)
To: MissCalico
he’s a very bright guy and has been through the learning curve....we need every good mind engaged in this debate. A good appointment.
6
posted on
11/26/2008 8:14:50 AM PST
by
HappyinAZ
To: MissCalico
Volcker Tapped for Advisory Role
It's back to the future.
Lessons not learned means that we're doomed to repeating those chapters of history.
Let's hope that one of those chapters, the election of Reagan, is also repeated.
We don't have a Reagan in sight, but perhaps a Palin?
7
posted on
11/26/2008 8:16:37 AM PST
by
adorno
To: Sacajaweau
Volker is married to who? Who?
To: MissCalico
It was Reagan that ended up making Volcker look like a genius. Not the other way around. A Volcker did was cause a nasty recession.
Volcker was also on the committee that recommended wage and price controls to Nixon.
9
posted on
11/26/2008 8:18:51 AM PST
by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: Sacajaweau
Volker is married to who?To whom is Volker married?
10
posted on
11/26/2008 8:24:00 AM PST
by
rhombus
To: rhombus; Sacajaweau
Is Whom married to Volcker?
11
posted on
11/26/2008 8:26:42 AM PST
by
Revolting cat!
(Everytime they open their mouth they shoot themselves in the foot.)
To: rhombus
Yeh, but in this day and age, I’m still smarter than a 5th grader.
12
posted on
11/26/2008 8:28:06 AM PST
by
Sacajaweau
(I'm planting corn...Have to feed my car...)
To: Moonman62
Volcker, “The economy is moving. Shoot it again, just to be sure”.
13
posted on
11/26/2008 8:28:42 AM PST
by
Toddsterpatriot
(Somehow people must be free I hope the day comes soon won't you please come to Chicago)
To: Sacajaweau
According to wikipedia, he was married in 1954 to Barbara Bahnson, the daughter of a physician. She died in 1998 and Volcker hasn’t remarried.
14
posted on
11/26/2008 8:29:07 AM PST
by
lonevoice
(Ich bin ein plumber)
To: HappyinAZ
I agree with you. I don't like Democrats, and I'm VERY AntiBama, but this was a reasonably good appointment -- mostly because Volcker is unlikely to repeat the mistakes he made last time.
Hard experience and all.
15
posted on
11/26/2008 8:29:17 AM PST
by
Lazamataz
(Proud author of abstract semi-religious dogmatic hoooey with a decidedly fring feel.)
To: Sacajaweau
Volker is married to who?Well, he likes them, but I wouldn't call it 'married'.
16
posted on
11/26/2008 8:30:35 AM PST
by
Lazamataz
(Proud author of abstract semi-religious dogmatic hoooey with a decidedly fring feel.)
To: Sacajaweau
His wife was Barbara Marie Bahnson. They married in 1954, and she died in 1998.
17
posted on
11/26/2008 8:31:14 AM PST
by
savedbygrace
(SECURE THE BORDERS FIRST (I'M YELLING ON PURPOSE))
To: MissCalico
Obama is becoming Bush third term...
Liberals soon to see all their socialist dreams dashed...
18
posted on
11/26/2008 8:33:27 AM PST
by
tomnbeverly
(Obamanation, here comes the pogrom against Conservatives.)
To: Sacajaweau
Volker is married to who?Horton Hears a Married To Hoo.
19
posted on
11/26/2008 8:35:41 AM PST
by
Lazamataz
(Proud author of abstract semi-religious dogmatic hoooey with a decidedly fring feel.)
To: tomnbeverly
Funny how no one is talking about the Failed Policies of the last 8 years when talking about Obama’s appointments.
Teehee.
20
posted on
11/26/2008 8:36:21 AM PST
by
rom
(Voted for Ron Paul in the primary. Voted against Obama in the general and FOR Palin.)
Navigation: use the links below to view more comments.
first 1-20, 21-40, 41-60, 61-80, 81 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson