My understanding is that the Council of Economic Advisers does analysis and Summer's job will be to do economic policy in general. He might be able to do more damage there and if he were Treasury Secretary. Max, forgive me if I'm speaking out of turn, since you know much more about this stuff than I do.
Michael Perelman Economics Department California State University michael at ecst.csuchico.edu Chico, CA 95929 530-898-5321 fax 530-898-5901 michaelperelman.wordpress.com -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Jim Devine Sent: Monday, November 24, 2008 9:10 AM To: Pen-l Subject: [Pen-l] Dr. Freud, your slip is showing This morning as I drove to work, I heard US National Public Radio's newsreader refer to the "Asian Pacific Economic Corporation" forum. (it's Asian Pacific Economic Cooperation.) BTW, it looks as if Prez-elect Obama will be appointing pen-l's _bête noire_, Larry "I'm Brilliant" Summers to lead the US federal government's National Economic Council. That's a quite step down for the guy, who used to stand astride the world at the Treasury and at Harvard. What I don't get is the point of this organization: doesn't the President already have a Council of Economic Advisers? plus a slew of economists at Treasury, Labor, Commerce, etc., etc.? Didn't Presidents before Clinton I get along pretty well without the National Economic Council? One of Obama's attractions is that (unlike the current fellow in the White House) he seems sane. One sane thing to do would be to get rid of unnecessary organizations. Also, I wonder when they're going to re-paint the White House. -- Jim Devine / "Nobody told me there'd be days like these / Strange days indeed -- most peculiar, mama." -- JL. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
