Politics | November 22, 2008 | 8 comments

Obama Picks N.Y. Fed President Geithner as Treasury Secretary

source: http://www.washingtonpost.com/wp-dyn/content/article/2008/11/21/AR2008112102811.html?hpid=to...

Image
Psychedelic
  1. groups:
    Politics
  2. tags:
    Politics
  3.     
    |

8 comments // Obama Picks N.Y. Fed President Geithner as Treasury Secretary

  • Psychedelic
    • 0
      Psychedelic  
    • Image

    • Orszag was the seventh Director of CBO January 18, 2007 – November 25th, 2008.

      After graduating from Phillips Exeter, he earned an A.B. summa cum laude in economics from Princeton University in 1991, an M.S. (1992), and Ph.D. (1997) in economics from the London School of Economics. He was a Marshall Scholar 1991-1992. He is a member of Phi Beta Kappa.

      Orszag previously served as the Joseph A. Pechman Senior Fellow and Deputy Director of Economic Studies at Brookings, where he directed the Hamilton Project and the Retirement Security Project.

      He served as Special Assistant to the President for Economic Policy, and as Senior Economist and Senior Adviser on the Council of Economic Advisers during the Clinton administration. He also formed a consulting group called Sebago Associates, which merged into Competition Policy Associates and was bought by FTI Consulting Inc.

      He lives in Washington, D.C. with his two children, Leila and Joshua. He has Hungarian ancestry.[4][5]

      On November 25th, 2008, Orszag was selected by President-elect Barack Obama as director of the Office of Management and Budget, the arm of the White House responsible for crafting the federal budget and overseeing the effectiveness of federal programs.

    • 3 years ago
  • Psychedelic
    • 0
      Psychedelic  
    • Image

    • President-elect Obama named the 81-year-old Volcker to head a new economic advisory panel, citing "his sound and independent judgment."

      As Federal Reserve chairman, he took an uncompromising stance against inflation, jacking up interest rates as high as 20.5 percent. Unemployment soared to 11 percent in the most painful recession since the Great Depression. Volcker had been appointed by President Jimmy Carter in 1979, but his tough medicine likely contributed to the Democrat's failure to win reelection in 1980.

      This guy has been around a while too...

    • 3 years ago
  • sickinjersey
  • 1percent
  • pokesmot
  • JanforGore
    • 0
      JanforGore  

    • Don't expect any real conversation on this here. He's OK as long as Obama (or rather his handlers like Volcker, Sumners, and Rockefeller) named him. It will be Bush all over again but just with a different face as his supporters for the most part seem content to allow Obama to get away with anything he wants to do as well. The very entities causing the financial meltdown to precipitate their takeover will get the nod to continue doing it. And here people will sit thinking it is "change."

    • 3 years ago
  • Psychedelic
more from Politics:
from the community

top videos