Thursday, November 6, 2008

Economists behind Barack Obama

I just finished reading Obama's business brain trust, which unveiled 14 Obama's economic thinkers. Among them, there are 4-5 CEOs, 3 professors, people from Bill Clinton's administration(about 3 or 4), and other experienced economists.

Warren Buffett; Eric Schmidt (Google CEO); Jamie Dimon (JP Morgan Chase CEO);
This group share the idea that tax breaks for the rich is wrong.

Austan Goolsbee(U of Chicago)
Jared Bernstein (Economy policy institute director)
These two economists support tax raise

Robert Rubin(former treasury secretary);
Larry Summers(Harvard, served in the Treasury during Clinton administration)
They support Obama's call for economic stimulus
Others (7)
including education, foreign trade, energy, deficit, etc.
This is a diverse collection of economic thinkers and they are not completely agree with each other. Under crisis, it is especially important for Obama to choose his Treasury secretary wisely and to use his business brain properly.

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