Posted on 11/26/2008 9:14:06 AM PST by NormsRevenge
CHICAGO – President-elect Barack Obama pledged on Wednesday to have an economic plan ready for action on the nation's financial crisis on his first day in office. "Help is on the way," he declared.
He also said his Cabinet would "combine experience with fresh thinking" and pushed back against criticism that he was recycling former Clinton administration officials as he builds his new economic team.
In his third news conference on the economy in as many days, Obama announced he had chosen former Federal Reserve Chairman Paul Volcker to head a new White House panel to help create jobs and bring stability to the ailing financial system.
Volcker, 81, will head the President's Economic Recovery Advisory Board. ...
Volcker is a legendary central banker who raised interest rates and restricted the money supply to tame raging inflation in the 1980s. It was a painful prescription that helped send the economy into one of the nation's worst recessions.
(Excerpt) Read more at news.yahoo.com ...
US President-elect Barack Obama waves as he leaves after presenting his choices for his newly formed Economic Recovery Advisory Board during a news conference in Chicago November 26, 2008. Paul Volcker, 81, (L) will be the chair of the panel and Austan Goolsbee (C) will serve as its staff director. REUTERS/Jeff Haynes (UNITED STATES)
Didn’t Dick Cheney say the same thing in 2000?
In other words he has no clue right now.
But, he will change things.
Until then,
There’s hope.
Come on, He’ll just put it all on a government credit card. [/cynic]
A Man of Action -— Hitting the ground running -— Pay no attention to the Clintonian theme — developing ;-}
I thought Presidential budget proposals had to be based on agency requests that had undergone review by OMB examiners.
US President-elect Barack Obama speaks alongside Lawrence Summers (R), Obama's choice as director of the National Economic Council (NEC), during a press conference in Chicago on November 24, 2008. Obama still insists there can be only one president at a time, but with eight weeks to go before his January 20 inauguration, the Democrat looks like a man in charge. (AFP/File/Saul Loeb)
He was originally going to say “You tell ‘em I’m coming, and I’m bringing hell with me!” — but he thought people take it the wrong way and worry about their future.
“Here’s my plan...tax the daylights out of all ya’ll!”
(Just getting a head start.)
Yeah he did. Don't they all?
This guy is no different than the Republican insiders club. He's done nothing but give positions to all his buddies and his insider friends that helped put him in office...
You'd think the American people would wise up to these phonies and frauds..
Some of our friends in the news business wonder why the huge majority of Americans have lost all faith in this system? lol...
Those running government at *all* levels have just F-over this country.
My contempt for these over paid, useless AHs runs deep.
So I can expect my check by February 1st, right?
This applies only to the budget proposals of mortal presidents.
Since when has there been an “Office of the President-elect”?
That’s news to me. And considering the electors haven’t officially met yet, he’s jumping the gun a bit, isn’t he? There is a troubling little birth certificate that still hasn’t been produced.
I hope he's right. Obama is coming in eight weeks, and I keep praying that God will help us when he takes office. Freedom and democracy will need divine intervention to survive the Affirmative Action President's tenure and his socialist plans for "day one".
LLS
Dumb as dirt and twice as common
I’m sure he does....”We’re from the government, and we’re here to help.”
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.