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Barack Obama taps range of experts for advice on economy
PRESIDENT Barack Obama plans to name business executives, academics and labor leaders to an advisory panel that will help guide his effort to rescue the economy and rebuild the shattered U.S. financial system.

Former Federal Reserve Chairman Paul Volcker was tapped by Obama in November to lead the Economic Recovery Advisory Board, which is modeled on a board created in the Eisenhower administration to advise the White House on intelligence matters. Mr Volcker is to join Mr Obama for an event to introduce the other 15 members of the economic panel.

According to the White House, the members will include Robert Wolf, chairman and chief executive of UBS Group Americas and Jim Owens, chairman and chief executive of Caterpillar Inc and labor leaders such as Anna Burger, secretary-treasurer of the Service Employees International Union.
Yeah boy, get the SEIU in there, they know all about high finance ...
Penny Pritzker, chairman and founder of Pritzker Realty Group who was also the finance chair of Obama's presidential campaign, will sit on the board as will Laura D'Andrea Tyson, a former Clinton administration economist now at University of California, Berkeley.
Penny is the presidential equivalent of the 'Mayor's Man'. The board will meet, Penny will whisper in their ears, and the board will tell Obama what he wants to hear.
The panel includes some officials who served Republican administrations, such as William Donaldson, who was SEC chairman under President George W. Bush and Harvard economist Martin Feldstein, who served in the Reagan administration.

The naming of the advisory board comes amid a slew of data showing soaring job losses and a deepening recession. Economists are bracing for grim news when the Labor Department issues its January employment report.

Analysts polled by Reuters predicted the data will show U.S. employers slashed another 525,000 workers from their payrolls after cutting 524,000 jobs in December.

Mr Obama is prodding Congress to pass a more than $800 billion package of public works spending projects and tax cuts aimed lifting the economy out of recession.
Posted by: tipper 2009-02-06
http://www.rantburg.com/poparticle.php?ID=261847