President-electBarack Obama introduced his economic team on Monday in
奥巴马今天正式宣布了他的经济智囊团的成员，包括下一届的财政部长。从上周五到
今天，美国道琼斯股票指数上涨>10%.
下一届财政部长候选人：Timothy F. Geithner, president of the New York Federal
Reserve。
Mr. Geithner: “offers not just extensive experience shaping economic policy
and managing financial markets ǔ but an unparalleled understanding of our
current economic crisis, in all of its depth, complexity and urgency. Tim
will waste no time getting up to speed. He will start his first day on the
job with a unique insight into the failures of todayós markets ǔ and a clear
vision of the steps we must take to revive them.”
“Growing up partly in Africa and having lived and worked throughout Asia;
having served as Under Secretary of the Treasury for International Affairs
ǔ one of many roles in the international arena; and having studied both
Chinese and Japanese, Tim understands the language of todayós international
markets in more ways than one.”
Larry Summers, 克林顿时期的财政部长，as the Director of National Economic
Council 。
Mr. Summers: “Larry helped guide us through several major international
financial crises - and was a central architect of the policies that led
to the longest economic expansion in American history, with record surpluses,
rising family incomes and more than 20 million new jobs. He also championed
a range of measures ǔ from tax credits to enhanced lending programs to consumer
financial protections ǔ that greatly benefited middle income families.”
“As a thought leader, Larry has urged us to confront the problems of income
inequality and the middle class squeeze, consistently arguing that the key
to a strong economy is a strong and growing middle class. This idea is the
core of my own economic philosophy and will be the foundation for all of
my economic policies.”
Christina Romer, a well-regarded economist at the University of California
at Berkeley, to lead the Council of Economic Advisers。
Ms. Romer: “Christina is both a leading macroeconomist and a leading economic
historian, perhaps best known for her work on America's recovery from the
Great Depression and the robust economic expansion that followed. Since
2003, she has been co-director of the National Bureau of Economic Research
Monetary Economics program. She is also a member of the Bureau's Business
Cycle Dating Committee - the body charged with officially determining when
a recession has started and ended - experience which will serve her well
as she advises me on our current economic challenges."
"Christina has also done groundbreaking research on many of the topics our
Administration will confront ǔ from tax policy to fighting recessions. And
her clear-eyed, independent analyses have received praise from both conservative
and liberal thinkers alike. I look forward to her wise counsel in the White
House."
Melody Barnes , as the Director of the White House Domestic Policy Council。
Ms. Barnes: She has a "brilliant legal mind" and is "one of the most respected
policy experts in America, will be serving as director of my Domestic Policy
Council." She will be "working hand-in-hand with my economic policy team
to chart a course to economic recovery. An integral part of that course
will be health care reform - and she will work closely with my Secretary
of Health and Human Services on that issue."
"As executive vice president for policy at the Center for American Progress,
Melody directed a network of policy experts dedicated to finding solutions
for struggling middle class families. She also served as chief counsel to
the great Senator Ted Kennedy on the Senate Judiciary Committee, working
on issues ranging from crime to immigration to bankruptcy, and fighting
tirelessly to protect civil rights, womenós rights and religious freedom."
http://thecaucus.blogs.nytimes.com/2008/11/24/live-blog-presenting-the-economic-
team/?hp
http://www.youtube.com/watch?v=aU1-CDYdmfY
November 24, 2008
TRANSCRIPT
Obama Announces Economic Team
The following is the remarks of President-Elect Barack Obamaós Economic
Team Announcement, as prepared for delivery by the Obama team.
Good morning.
The news this past week, including this morning's news about Citigroup,
has made it even more clear that we are facing an economic crisis of historic
proportions. Our financial markets are under stress. New home purchases
in October were the lowest in half a century. Recently, more than half a
million jobless claims were filed, the highest in eighteen years ǔ and if
we do not act swiftly and boldly, most experts now believe that we could
lose millions of jobs next year.
While we can't underestimate the challenges we face, we also can't underestimate
our capacity to overcome them ǔ to summon that spirit of determination and
optimism that has always defined us, and move forward in a new direction
to create new jobs, reform our financial system, and fuel long-term economic
growth.
We know this won't be easy, and it won't happen overnight. We'll need to
bring together the best minds in America to guide us ǔ and that is what
I've sought to do in assembling my economic team. I've sought leaders who
could offer both sound judgment and fresh thinking, both a depth of experience
and a wealth of bold new ideas ǔ and most of all, who share my fundamental
belief that we cannot have a thriving Wall Street while Main Street suffers;
that in this country, we rise and fall as one nation, as one people.
Today, Vice President-Elect Biden and I are pleased to announce the nomination
of four individuals who meet these criteria to lead our economic team: Timothy
Geithner as Secretary of the Treasury; Lawrence Summers as the Director
of our National Economic Council; Christina Romer as Chair of the Council
of Economic Advisors; and Melody Barnes as Director of the Domestic Policy
Council.
Having served in senior roles at Treasury, the IMF and the New York Fed,
Tim Geithner offers not just extensive experience shaping economic policy
and managing financial markets ǔ but an unparalleled understanding of our
current economic crisis, in all of its depth, complexity and urgency. Tim
will waste no time getting up to speed. He will start his first day on the
job with a unique insight into the failures of today's markets ǔ and a clear
vision of the steps we must take to revive them.
The reality is that the economic crisis we face is no longer just an American
crisis, it is a global crisis ǔ and we will need to reach out to countries
around the world to craft a global response. Tim's extensive international
experience makes him uniquely suited for this work. Growing up partly in
Africa and having lived and worked throughout Asia; having served as Under
Secretary of the Treasury for International Affairs ǔ one of many roles
in the international arena; and having studied both Chinese and Japanese,
Tim understands the language of today's international markets in more ways
than one.
Tim has served with distinction under both Democrats and Republicans and
has a long history of working comfortably, and as an honest broker, on both
sides of the aisle. With stellar performances and outstanding results at
every stage of his career, Tim has earned the confidence and respect of
business, financial and community leaders; members of Congress; and political
leaders around the world ǔ and I know he will do so once again as America's
next Treasury Secretary, the chief economic spokesman for my Administration.
Like Tim, Larry Summers also brings a singular combination of skill, intellect
and experience to the role he will play in our Administration.
As undersecretary, deputy secretary, and then secretary of the Treasury,
Larry helped guide us through several major international financial crises
ǔ and was a central architect of the policies that led to the longest economic
expansion in American history, with record surpluses, rising family incomes
and more than 20 million new jobs. He also championed a range of measures
ǔ from tax credits to enhanced lending programs to consumer financial protections
ǔ that greatly benefitted middle income families.
As a thought leader, Larry has urged us to confront the problems of income
inequality and the middle class squeeze, consistently arguing that the key
to a strong economy is a strong and growing middle class. This idea is the
core of my own economic philosophy and will be the foundation for all of
my economic policies.
And as one of the great economic minds of our time, Larry has earned a global
reputation for being able to cut to the heart of the most complex and novel
policy challenges. With respect to both our current financial crisis, and
other pressing economic issues of our time, his thinking, writing and speaking
have set the terms of the debate. I am glad he will be by my side, playing
the critical role of coordinating my Administration's economic policy in
the White House ǔ and I will rely heavily on his advice as we navigate the
uncharted waters of this economic crisis.
As one of the foremost experts on economic crises ǔ and how to solve them
ǔ my next nominee, Christina Romer, will bring a critically needed perspective
to her work as Chair of my Council of Economic Advisors.
Christina is both a leading macroeconomist and a leading economic historian,
perhaps best known for her work on America's recovery from the Great Depression
and the robust economic expansion that followed. Since 2003, she has been
co-director of the National Bureau of Economic Research Monetary Economics
program. She is also a member of the Bureau's Business Cycle Dating Committee
ǔ the body charged with officially determining when a recession has started
and ended ǔ experience which will serve her well as she advises me on our
current economic challenges.
Christina has also done groundbreaking research on many of the topics our
Administration will confront ǔ from tax policy to fighting recessions. And
her clear-eyed, independent analyses have received praise from both conservative
and liberal thinkers alike. I look forward to her wise counsel in the White
House.
Finally, we know that rebuilding our economy will require action on a wide
array of policy matters ǔ from education and health care to energy and Social
Security. Without sound policies in these areas, we can neither enjoy sustained
economic growth nor realize our full potential as a people.
So I am pleased that Melody Barnes, one of the most respected policy experts
in America, will be serving as Director of my Domestic Policy Council ǔ
and that she will be working hand-in-hand with my economic policy team to
chart a course to economic recovery. An integral part of that course will
be health care reform ǔ and she will work closely with my Secretary of Health
and Human Services on that issue.
As Executive Vice President for Policy at the Center for American Progress,
Melody directed a network of policy experts dedicated to finding solutions
for struggling middle class families. She also served as Chief Counsel to
the great Senator Ted Kennedy on the Senate Judiciary Committee, working
on issues ranging from crime to immigration to bankruptcy, and fighting
tirelessly to protect civil rights, women's rights and religious freedom.
Melody's brilliant legal mind ǔ and her long experience working to secure
the liberties on which this nation was founded and secure opportunity for
those left behind ǔ make her a perfect fit for DPC Director.
I am grateful that Tim, Larry, Christina and Melody have accepted my nomination,
and I look forward to working closely with them in the months ahead. And
that work starts today, because the truth is, we don't have a minute to
waste.
Right now, our economy is trapped in a vicious cycle: the turmoil on Wall
Street means a new round of belt-tightening for families and businesses
on Main Street ǔ and as folks produce less and consume less, that just deepens
the problems in our financial markets. These extraordinary stresses on our
financial system require extraordinary policy responses. And my Administration
will honor the public commitments made by the current Administration to
address this crisis.
Further, beyond any immediate actions we may take, we need a recovery plan
for both Wall Street and Main Street ǔ a plan that stabilizes our financial
system and gets credit flowing again, while at the same time addressing
our growing foreclosure crisis, helping our struggling auto industry, and
creating and saving 2.5 million jobs ǔ jobs rebuilding our crumbling roads
and bridges, modernizing our schools, and creating the clean energy infrastructure
of the twenty-first century. Because at this moment, we must both restore
confidence in our markets ǔ and restore the confidence of middle class families,
who find themselves working harder, earning less, and falling further and
further behind.
I have asked my economic team to develop recommendations for this plan,
and to consult with Congress, the current Administration and the Federal
Reserve on immediate economic developments over the next two months. I have
requested that they brief me on these matters on a daily basis, and in the
coming weeks, I will provide the American people and the incoming Congress
with an overview of their initial recommendations. It is my hope that the
new Congress will begin work on an aggressive economic recovery plan when
they convene in early January so that our Administration can hit the ground
running.
With our economy in distress, we cannot hesitate or delay. Our families
cannot afford to keep on waiting and hoping for a solution. They cannot
afford to watch another month of unpaid bills pile up, another semester
of tuition slip out of reach, another month where instead of saving for
retirement, they're dipping into their savings just to get by.
Again, this won't be easy. There are no shortcuts or quick fixes to this
crisis, which has been many years in the making ǔ and the economy is likely
to get worse before it gets better. Full recovery won't happen immediately.
And to make the investments we need, we'll have to scour our federal budget,
line-by-line, and make meaningful cuts and sacrifices as well ǔ something
I'll be discussing further tomorrow.
Despite all of this, I am hopeful about the future. I have full confidence
in the wisdom and ingenuity of my economic team ǔ and in the hard work,
courage and sacrifice of the American people. And most of all, I believe
deeply in the resilient spirit of this nation. I know we can work our way
out of this crisis because we've done it before. And I know we will succeed
once again if we put aside partisanship and politics and work together,
and that is exactly what I intend to do as President.
Thank you, and I'm now happy to take questions.
http://www.nytimes.com/2008/11/24/us/politics/24text-obama.html
