My view is all the economic principals named thus far -- Geithner, Goolsbee, Romer, Furman, Orszag -- will be Larry's research assistants. Depending on who is in the WH, CEA etc. can be completely marginalized. O'Neill was marginalized too, and he was a Cabinet secy.
As a certain sage remarked, it's gonna be all Larry, all the time. Great picture of him on Huffington, by the way. Looks like the stick up his arse has a stick up its arse. Kuttner's column there is good too. On Mon, Nov 24, 2008 at 12:23 PM, Perelman, Michael <[EMAIL PROTECTED]> wrote: > 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 > _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
