The Obama Economic Team

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America needs strong leadership in the redevelopment of our economy. We need new partnerships to help our businesses and workers do better as of now and the future. President Obama is getting the best people for the job. The republicans should simply move out of the way and rethink what they represent apposed absolute failure.
All Americans need to get behind this team and make the choices necessary to move forward. Obama is the person we need to follow in terms of making the American dream live on with our best hopes and aspirations.

Jim Lee of IL 6:48PM November 23, 2008

The definition "center left" depends on where you are centered.

Max of WI 6:10PM November 23, 2008

James wouldn't know a Marxist if he woke up in Siberia after being given a free train ride! This guy is so naive he makes little red riding hood look like a biker- or maybe he is afraid to criticize the Obama nation for fear of the reprisals, in either case you got no courage just recapitulation of rhetoric.

SimonSez of CA 5:36PM November 23, 2008

WE ought to know more about him. What banks has he ever work for or with and what banks is he or has he been conected with. The problem it seems is we keep seeking advice from people who were knee deep in causing the prolem. We also need some tansparency concerning the banking PAC that have curried the support of our POLs for the benefit of the banking industry which has in my view allowed out of control lending.

reslex of NC 12:54AM November 23, 2008

Ok, Listen up everybody. This is the road out of here.
-Helicopter Ben. More dollars are being destroyed by the credit crisis than the Fed has been able to put on the balance sheet. Inflation is not a concern right now; deflation is. Bernanke is doing the right things by rapidly increasing the money supply!! Overshooting and causing a little inflation is much better than the alternative.
-Restoration of 'Uptick rule' and elimination of 'mark to market' accounting. Will eliminate the bear raids and forced selling which are decimating our markets. Will allow banks balance sheets to stablize and increase confidence..
-No-Auto bailout. The Autos must file Chapter 11 and restructure. That way they can shed the use-less 'Job-bank' and actually contribute to the economy with higher efficiency. A government bailout is poison and signals protectionism.
-Citi bought by sovereign wealth fund rather than government bailout. It will restore confidence.
-Reduction in the corporate tax ala Charles Rangle. This is good news. The man is a democrat. Must be passed ASAP.
-Obama must signal a willingness to delay any tax increases esp. capital gains. Hard to say if it will happen, but if he is willing to do 'whatever it takes' then this is a possibility.
-Completion of DOHA trade Round. Increased trade will be good for global economy. We must stave off protectionism at all costs.
That is THE list. PASS IT ON!!!!

Milton keynes of UT 7:10PM November 22, 2008

Jimmie almost made sense here until he got to his last sentence. Rightwinger to the core, this guy. Never changes, and likely won't. (But the USA will---right under his right-leaning nose.)

of 12:51PM November 22, 2008

Thus far, President Obama has been picking the very best people for his cabinet, particularly for his economic plans. He has been creating a productive mix of industry insiders and political stalwarts for a smooth transition from no-leadership to a recovery-ship. There is no reason to expect any results without challenges and a few miracles yet our new President has yet to discover all the challenges before him. The past 8 years have been a horrendous free-for-all upon our economy, treasury and our nation. By simply signing up for updates from the GAO via the internet, I have been witnessing years of contracts let and disputed for everything from VA hospital supplies to weapons for foreign nations. Basically, the current administration has systematically sold, destroyed or contracted our government which will require a Apollo type project simply to identify much less repair. As we progress onward to inaugeration day, I dare say folks who are negative toward our new President take pause and research the facts and you will discover just how precarious our position has become. We may have to extend the national debt limit yet again before Christmas as are within $400M of our current max. Our new President must walk on eggshells till January 20!!!

Ray Fisher of NM 11:25AM November 22, 2008

And in their zeal to keep us out of a depression they will create the forces that will ramp us up the next wave and then drive us down into a worse recession. You would think after almost 100 years of fiscal and monetary manipulations they would have learned their manipulations are a cure worse than the disease.

Haigh of MA 10:18AM November 22, 2008