notes nov 8 2008
November 8, 2008 § Leave a comment
There is an interesting document on rebuilding the republican party. It is thin on ideas and hyped on Internet organization.But the site has comments and they are actually quite good.
Here are the members of President-elect Obama ’s Transition Economic Advisory Board. All were expected to participate in a meeting with Mr. Obama on Friday, aides to Mr. Obama said.
The latest on the 2008 election results and on the presidential transition. Join the discussion.
WARREN E. BUFFETT Billionaire investor and chairman of Berkshire Hathaway; expected to take part by telephone.
ROEL C. CAMPOS Washington lawyer; former member of the Securities and Exchange Commission; former broadcasting executive.
WILLIAM H. DONALDSON Former chairman of the S.E.C.; long career in investment banking, higher education and government.
ROGER W. FERGUSON Jr. Chief executive of TIAA-CREF, the private financial services company; former vice chairman of the Federal Reserve.
JENNIFER M. GRANHOLM Governor of Michigan.
ANNE M. MULCAHY Chairwoman and chief executive of Xerox.
RICHARD D. PARSONS Chairman of Time Warner; former banker.
PENNY S. PRITZKER Senior executive, Hyatt; national finance chairwoman for the Obama campaign.
ROBERT B. REICH Author, academic, former Labor Secretary.
ROBERT E. RUBIN Chairman of Citigroup; former Treasury Secretary.
ERIC E. SCHMIDT Chairman and chief executive, Google.
LAWRENCE H. SUMMERS Economist, academic; former Treasury Secretary.
LAURA D’ANDREA TYSON Academic; former chairwoman of the President’s Council of Economic Advisors and the National Economic Council.
ANTONIO R. VILLARAIGOSA Mayor of Los Angeles.
PAUL A. VOLCKER Former chairman of the Federal Reserve.
8:43 am We are in a curious waiting time,Obama organizing for tough and people hoping for humane. Those who represent power, such as Rubin and Tyson, are not representing the good of society,but only the good of the economy,and then not the whole of it: mostly just the financial industry. They need cash circulation to maintain that part of the economy,but cash flow comes from consuming and borrowing and brokering, not from steady state production. I can’t say Obama’s approach is wrong, just that I am skeptical. of it outcomes in terms of decentralized vs authoritarian measures.
Time Magazine writer Michael Grunwald’s list of five ways Obama could get America back on track
"Obama can’t undo the last eight years, but he can serve notice on Day One that the Bush Administration is really, really over. He could start by reversing Bush’s regulatory efforts to weaken federal oversight of mining, housing, drilling, finance and other favored industries. He could offer the middle class much needed relief by proposing quickly to restore Clinton-era upper-income tax rates and reduce the tax burden for everyone else. He could drop Bush’s legal battles to block California from enhancing its environmental protections. The End of the National Nightmare Executive Order could also include: No more torture. No more ‘threat levels’ designed to make people freak out about unnamed dangers. No more ‘signing statements’ declaring executive prerogative to ignore laws the President doesn’t like. No more firing prosecutors for failing to go along with a political agenda. And while he’s at it: No more timber lobbyists running the Forest Service, oil lobbyists editing
A good place to look at the themes is the fairly extensive and well crafted list at the obama site as president elect
and click on the agenda tab to see the list of topics.
Looks quite good. But there is nothing on financial reform, probably moving too fast.
12:33 to see whole graph go to graph. What is striking is the long term downward trend, saying hints at recession wee visible much earlier.