Tuesday, November 25, 2008
Christina Romer: Obama's choice for Chair of the Council of Economic Advisors
In case you were wondering. Talking points below taken from Brad DeLong website:
Talking Points on the Designation of Christina D. Romer as the Candidate to Be Nominated to the Senate for the Post of Chair of the Council of Economic Advisers
World-class expert on the Great Depression: if you want to avoid any of the mistakes made during the Great Depression, she is the one to hire.
World-class expert on monetary and fiscal policy: encyclopedic knowledge of their history--since we need a CEA chair who knows more about stabilization policy than about tax or labor or industrial organization policy.
Very good at explaining economics: great similarities between teaching Econ 1 and teaching the White House staff about economics.
Very good at making people believe that relatively complicated ideas about economics are simple facts of nature.
Bush moved the CEA staff out of the Eisenhower Executive Office Building:
A very bad thing because the CEA staff can no longer look over the shoulders of the White House staff and offer advice.
CDR should demand, as a condition of appointment, that at least her two deputies have offices in the White House complex.
A center-left moderate:
But these are not moderate times. To be moderate now is to be radical. To be radical is to be moderate.