Ellington

U.S. Chamber of Commerce President and CEO Thomas J. Donohue issued the following statement on the announcement of President-elect Barack Obama's economic team: "President-elect Obama has chosen a strong, experienced economic team. Restoring the nation's economic health must be our top priority and the Chamber stands ready to work with the new administration to spur growth and job creation. This team brings a wealth of knowledge to Washington and an understanding that any sustainable economic recovery will involve the business sector."

"Tim Geithner has a deep understanding of our capital markets and the experience and credibility to tackle our nation's biggest challenge -- restoring our economy and rebuilding our financial markets. He has been directly engaged in all the steps taken so far to address this unprecedented crisis and is well qualified to lead the Treasury Department. Larry Summers' knowledge of economic issues and past experience as Treasury secretary will serve President Obama well. Likewise, Christina Romer and Melody Barnes will bring an understanding that any sustainable economic recovery will involve the business sector."

(H/T Jake Tapper.)

Here's the YouTube of Obama's announcement today:

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140965

Comment

McClatchy is reporting about the unusual bipartisan spirit of this transition: America has never seen anything quite like this: The president and president-elect acting like co-presidents, consulting and cooperating on the day's biggest crises. "It's pretty unusual," said George Edwards, a presidential expert at Texas A&M;University, in College Station. What Princeton University professor Julian Zelizer calls "the split-screen presidency" is the result of several historic forces converging this fall: * The 24-7 nature of the global economy, which demands timely reaction. * Incoming and outgoing presidents who have personal and political reasons to show that they can manage a crisis. * A president-elect, Barack Obama, who "believes in strong government and wants to get things under way immediately," said William Leuchtenburg, a University of North Carolina at Chapel Hill professor who's written extensively about the presidency. * A lame-duck president, George W. Bush, who's leaving office voluntarily. "Bush was not defeated. That makes for an easier relationship," Leutchtenburg said.

Author

DonnaLadd

Date

2008-11-24T18:01:02-06:00