Monday, October 13, 2008

Obama vs, McCain, Economic Teams

Ok, You Two, What Would You Do to Solve This Mess?

Obama and McCain have taken different tacks to handling the meltdown. It's not by accident. How their economic gurus shape their views.

By Michael Hirsh | NEWSWEEK

Published Oct 11, 2008

From the magazine issue dated Oct 20, 2008

Barack Obama was in "governing mode," says one of his aides. In a small room next to A basketball arena at the University of Miami, Fla., the Democratic nominee had convened an emergency session of his new economic brain trust. It was a remarkable gathering for a candidate who, during the primaries, had relied largely on an obscure, baby-faced University of Chicago economist named Austan Goolsbee. With Obama in the room were Bob Rubin and Larry Summers, both Clinton-era Treasury secretaries credited with lifting global financial markets out of the "Asian contagion" of 1997; Paul Volcker, former chairman of the Federal Reserve; Laura Tyson, Clinton's Council of Economic Advisers chair; Gene Sperling, Clinton's national economic adviser; and Dan Tarullo, also a key Clinton go-to man on trade and G8 issues.

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