economic advisor

President Elect Obama announces the Presidents Recovery Advisory Board, “made up from experts from Business, Labor and Academia and others” he said today. The PRAB will be chaired by Paul Volcker. Volkcer was chairman of the Fed in 1979 in the Carter administration. Additionally Obama’s economic advisor, Austin Goolsby, was named to the PRAB.

And run it into the ground like the financial wizards did at Citibank:

Normally, a big bank would never allow the word of just one executive to carry so much weight. Instead, it would have its risk managers aggressively look over any shoulder and guard against trading or lending excesses.

Great find by Edmund Wright over at American Thinker:

Bonior and the auto bailout: explosive video

C. Edmund Wright

Via R. Neal, comes an piece of business about how Obama will interact with the business community:

Boston.com

In an interview published today in the Washington Times, the Republican presidential nominee gave his longest list yet of where he disagrees with President Bush.

Via Josh Marshall: someone in the media should ask Sen.

McCain had to throw his chief economic advisor under the bus today when Phil Gramm said America was in a “mental recession” and saying America had “sort of become a nation of whiners.”
“Phil Gramm doesn’t speak for me, I speak for me. I strongly disagree, ” said McCain.
Then, aboard his Straight Talk Express bus, McCain [...]

John McCain economic advisor, former Senator Phil Gramm, tells Americans to suck it up:

“You’ve heard of mental depression; this is a mental recession. … We have sort of become a nation of whiners. …