Obama to Meet With Economic Team (and hold first news conference as President-Elect) Friday

[DeepModem Mom]

Source: NYT/Reuters

CHICAGO (Reuters) - Barack Obama will meet with his economic team on Friday and hold his first news conference since becoming U.S. president-elect, aides said, as the country awaited signs of how he might tackle the economic crisis.

Obama, who will inherit the worst financial crisis since the Great Depression, faced pressure to announce his picks for key economic jobs, including Treasury secretary. On Wall Street, stocks fell sharply for a second day.

Timothy Geithner, president of the Federal Reserve Bank of New York, former Treasury Secretary Lawrence Summers and former Federal Reserve Chairman Paul Volcker were among those being considered for the Treasury post....

***

In addition to Summers, Geithner and Volcker, the short list for Treasury included Laura Tyson, who chaired Clinton's Council of Economic Advisers. Respected former Treasury Secretary Robert Rubin said he did not want to return to government.

Obama could soon announce other economic posts as well. University of Chicago economist Austan Goolsbee and Jason Furman, a former economic adviser to Clinton, were expected to fill senior jobs....

Read more: http://www.nytimes.com/reuters/news/news-us-usa-election-1.html

[KingOfLostSouls]

1. AUSTAN GOOLSBEE!

he was SPECTACULAR during the election season, glad to see he's being considered for a post.

[kayakjohnny]

2. And I bet he holds more press conferences BEFORE he gets sworn in

than Bush held this whole dang time. He's open and honest and has nothing to hide. In fact, I think he relishes the engagement and a chance to explain his thoughts and his moves.

[blueclown]

3. Isn't Austan Goolsbee a supply sider?

[tanyev]

4. A real news conference? From our elected leader?

Have to go back to the turn of the century to remember what that feels like.