November 6th, 2008
02:36 PM ET
6 years ago

Obama, Biden to meet with economic advisers Friday

Obama and Biden will meet with a team of economic advisers Friday.
Obama and Biden will meet with a team of economic advisers Friday.

(CNN) - President-elect Obama and Vice President-elect Biden will meet with their Transition Economic Advisory Board in Chicago Friday, followed by the pair's first official press conference since winning the White House, the transition team announced Thursday.

The members of the advisory board - which include former Treasry Secretaries Lawrence Summers and Robert Rubin, former Fed Chairman Paul Volcker, and billionaire businessman Warren Buffett - are listed after the jump.

(List released by the Obama campaign Thursday):

–David Bonior (Member House of Representatives 1977-2003)

–Warren Buffett (Chairman and CEO, Berkshire Hathaway)-will participate via speakerphone

–Roel Campos (former SEC Commissioner)

–William Daley (Chairman of the Midwest, JP Morgan Chase; Former Secretary, U.S. Dept of Commerce, 1997-2000)

–William Donaldson (Former Chairman of the SEC 2003-2005)

–Roger Ferguson (President and CEO, TIAA-CREF and former Vice Chairman of the Board of Governors of the Federal Reserve)

–Jennifer Granholm (Governor, State of Michigan)

–Anne Mulcahy (Chairman and CEO, Xerox)

–Richard Parsons (Chairman of the Board, Time Warner)

–Penny Pritzker (CEO, Classic Residence by Hyatt)

–Robert Reich (University of California, Berkeley; Former Secretary, U.S. Dept of Labor, 1993-1997)

–Robert Rubin (Chairman and Director of the Executive Committee, Citigroup; Former Secretary, U.S. Dept of Treasury, 1995-1999)

–Eric Schmidt (Chairman and CEO, Google)

–Lawrence Summers (Harvard University; Managing Director, D.E. Shaw; Former Secretary, U.S. Dept of Treasury, 1999-2001)

–Laura Tyson (Haas School of Business, University of California, Berkeley; Former Chairman, National Economic Council, 1995-1996; Former Chairman, President’s Council of Economic Advisors, 1993-1995)

–Antonio Villaraigosa (Mayor, City of Los Angeles)

–Paul Volcker (Former Chairman, U.S. Federal Reserve 1979-1987)

soundoff (101 Responses)
  1. AI

    these people from the past are those who readied the market for the mess it is today by pushing sub-prime lending. please kick them off and let the door hit them on their way out.

    November 6, 2008 05:04 pm at 5:04 pm |
  2. Ramon

    Everybody should relax let Obama do this job.

    November 6, 2008 05:10 pm at 5:10 pm |
  3. mitch

    see everyone? already tackling our most difficult problems. you hateful republican diehards dont even realize ,yet, how lucky you are that most americans vote for brains over stoopidity!

    November 6, 2008 05:10 pm at 5:10 pm |
  4. Bill Z

    Hmmm...the Chair of the Tri-Lateral Commission, a Bonesman, some Bilderbergers, a bunch of folks who orchestrated the takeover of the NYSE's board of directors, and several members of Clinton's cabinet, all working with a guy who promised to be my Senator for the full six years, then changed his mind, then agreed to accept public financing, then changed his mind. I wonder if that is what he means by 'Change'?

    To me, a registered Democrat of 35 years, who could not even bring himself to vote this year, it simply means, "No, we CAN't!"

    November 6, 2008 05:10 pm at 5:10 pm |
  5. Bill Z

    One of my favorite political moments ever was when, during Billy Daly's ummm retirement from Commerce (so he could go to work for the Rockefeller's, who also own Walgreen's, which has profitted mightily under Mark B. McClellan and Medicare, Part Whatever), President Clinton called him "a man of reare effectiveness." Talk about tongue in cheek. I laughed so hard I almost peed myself.

    November 6, 2008 05:19 pm at 5:19 pm |
  6. Ian

    I wonder what his plans will be to create even bigger government. 40% of tax dollars are currently going towards government programs. Why stop there, right?

    November 6, 2008 05:21 pm at 5:21 pm |
  7. Crabs

    "OBAMA AND HIS TEAM ARE AHEAD OF THE GAME ON THIS ONE, THEY'VE BEEN MEETING."

    Ughh ok.. Obviously these types of people are the ones Obama caters too.

    November 6, 2008 05:36 pm at 5:36 pm |
  8. Brenda in Detroit

    YAY! President Obama and VP Biden are on their way to governing this country! Yippee! This is a banner day for America, Americans & the world. We are in the very best of hands now. After 8 long years of corruption and deceit, I can finally relax. Thank you America.

    November 6, 2008 05:45 pm at 5:45 pm |
  9. Rave

    Yes, Yes and kick those wallstreet corrupt as_holes

    November 6, 2008 05:45 pm at 5:45 pm |
  10. Obama Bad For The Economy

    The market does not like Obama. The 8 days leading up to the election we gained more than 1500 points on the dow.

    After we found out who is going to lead this country, the stockmarket is crashing. We have lost almost 1000 points in the last 2 days and tomorrow looks even worse.

    Its discouraging to learn that voters were more interested in making history then the economy of our Country. You can not tax your way out of a recession.

    November 6, 2008 05:47 pm at 5:47 pm |
  11. GARY

    NOW OUR COUNTRY IS DOOMED. OBAMA WILL MAKE HISTORY TWICE.HE WILL BE THE WORST PRESIDENT TO CARTER.YOU THINK BUSH WAS BAD. BUSH KEPT US SAFE FOR 8 YRS. WITH NO ATTACKS. DEMS.AND REPS. MESSED OUR ECONOMY UP ,RIGHT ALONG WITH WALL STREET. DONT BLAME ONE SIDE. THAT WAS THE TROUBLE WITH THIS ELECTION RACE. IT WAS ONESIDED WITH THE MEDIA,PRESS ETC. COULDN'T TALK ABOUT OBAMA AND ASK HIM QUESTIONS OR YOU WOULD PAY FROM MEDIA AND THE RACE CARD..

    November 6, 2008 05:57 pm at 5:57 pm |
  12. Ryan

    The stock market was up nearly 1500 points in the 5 days going into the election. I suppose that was because Wall Street expected a McCain victory, even though he was far behind in the polls??? I think not.

    Maybe you should look at some of the other economic indicators that have come out in the past 2 days, rather than blame the guy who just defeated your party. BTW, tomorrow is the jobs report, so we're probably headed down again.

    November 6, 2008 05:58 pm at 5:58 pm |
  13. Harry, IL

    Pile up the bailout amounts. This is what democrats want. Theya re coming up with another bailout for auto industry and it;'s unions. Socialism at it's peak.

    November 6, 2008 06:17 pm at 6:17 pm |
  14. Oops

    "BUSH KEPT US SAFE FOR 8 YRS. WITH NO ATTACKS. "

    Well, there was that one, but who's counting?

    I get it, it was Clinton's fault. And if there are attacks in the first year of Obama's presidency, I'm sure it will be Obama's.

    That's how it works, right?

    November 6, 2008 06:17 pm at 6:17 pm |
  15. new_dem

    The stock market always falls when the White House changes parties. Always! It's caused by uncertainty, the enemy of a stable market. Add to that the financial events of the past 2 months and it's no surprise that the market is where it is right now.

    November 6, 2008 06:25 pm at 6:25 pm |
  16. Rachel

    Gary– "Bush kept us safe with no attacks" ????

    Uhm... I'm thinking of a pretty bad attack right now. Maybe September 11th? Does that ring a bell?
    Why don't you go ask the families of the nearly 3000 people who lost their lives just how "safe" Bush kept them.

    To everyone else complaining about the economy– Obama isn't IN OFFICE. Whatever is happening now is in no way his fault. Our economy is going down the tubes– we'll have to live with that for a while. But until January 20th, you guys have no right to criticize the President-Elect.

    November 6, 2008 06:35 pm at 6:35 pm |
  17. A Canuck

    I can't beliee what I'm reading here.....GIVE THE GUY A BREAK !!!!!

    November 6, 2008 06:37 pm at 6:37 pm |
  18. This started when McCain was ahead

    When the stock market started tanking, McCain was still bouyed by the convention and the initial feelings of Palin. His fall was DUE to the economic collapse, not the cause of it.

    November 6, 2008 06:52 pm at 6:52 pm |
  19. Christian Believer/Vet for Obama

    Hey Jack@ss Gary...wake up. No attacks! Did you forget 9/11 you ignoramous. Clinton briefed Bush on Al Qaida and Bin Laden. What did Bush do...picked his @ss and chuckled it off...NOTHING. Deregulation is what caused the meltdown...for your ignoramous intellilect that means the fox was watching the hen house. Republicronies pushed for deregulation...Bush is still trying to do it now.

    All you ignorant people...stick your head in the sound and let us intelligent people solve this crisis. We'll call you when it's time to pick up your check.

    November 6, 2008 07:11 pm at 7:11 pm |
  20. Dayahka

    The stock market has been going up and down for a long while and will keep this up (by going down probably) for quite a few years. The entire US economy during the Bush years (and before that, to be fair) has been a fake economy based on debt and spending far, far beyond means, and upon the trading of fraudulent derivative securities invented by the current Treasury Secretary while at Goldman Sachs. That fake economy of robbing the poor and enriching the bankers and traders is over–and every last one who participated in it should be jailed. The US has now got to get back to making things that people need and want–not trading worthless pieces of paper. This is going to be a painful transition–from a fake to a real economy–but the country will survive and prosper if the right decisions are made. Bloomberg would be a good Treasury Secretary–but not Summers or Buffet.

    November 6, 2008 07:11 pm at 7:11 pm |
  21. Larry Sinclair

    Well at least he hasnt mentioned Barney Frank, Chris Dodd, And Franklin Raines. Those guys are three of the main offenders in the housing debacle. Even though they got very little blame from Anderson Cooper. {what a big surprise} yeah right.

    November 6, 2008 07:14 pm at 7:14 pm |
  22. Texas Teacher

    Sorry, Gary..... you guys have the worst President every..... G.W. Bush!!! Hard to beat that! *LOL* Seriously....

    November 6, 2008 07:16 pm at 7:16 pm |
  23. Peter (CA)

    Everyone on the panel has something to add. Be it economic experience or politicians trying things to rev up the economy...

    Stop foaming at the mouth, right wingers. Obama is hitting the ground running and that is what this country needs.
    Guess I can't be surprised by the hate though, as a psychologist I know that there are two things you can't change....mean and stupid.

    November 6, 2008 07:24 pm at 7:24 pm |
  24. Denise

    Gary, we were attacked on 9/11 on Bush's watch, were we not?

    November 6, 2008 07:28 pm at 7:28 pm |
  25. Horace G. Lee

    Historically speaking we already understand many of the reasons why the economy is in such bad shape. Many the same reasons have occurred in the past, enough with history repeating itself! History is there to be learned from, now that we have a President elect, who's intelligent enough to understand the difference between what's good and what's bad for an economy, there's hope. I wonder the number of economist who watched along the side lines, as President W. Bush's policies helped push our economy to the brink and said nothing! There's no quick fix, we know that from past experience. But, there is much a President elect can initiate immediately upon taking office! Having brains and being well educated are a "good thing"! Hold tight, real help's only a few months away!

    November 6, 2008 08:07 pm at 8:07 pm |
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