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. It's A Shame

    Where's Al Sharpton, Jesse Jackson, Rev. Wright...?

    Clueless, typical, MUST surround himself by others to give himself a leg up!

    Obama will simply be a "cardboard cut-out," doing absolutely nothing, simply dictating.

    November 6, 2008 03:39 pm at 3:39 pm |
  2. John

    Wow...after Tuesday's historic moment...look how the world is reacting!!!!!! I am so excited...in just two short days of the hsistoric event!!!

    1. The dow has plunged.
    2. Hammas has lobbed 35 missles at Israel.
    3. Russia is moving missles to Poland's border.
    4. Obama begins pay back by selecting all of his friends for positions.

    Wow...this is wonderful....I can't wait!!!!!!! Does anybody know when the next "speech" will be?????? That will help me!!!!!

    November 6, 2008 03:40 pm at 3:40 pm |
  3. Clear

    The stock market lost about 10% after Obama was elected president. This should serve as a warning to his economic team. If market is down, you will not have wealth to spread.

    November 6, 2008 03:43 pm at 3:43 pm |
  4. ednadavid

    Clearly Barack Obama means business – he's is not wasting any time – that is what the country needs – someone who is responsive and ready to take on the most difficult challenges – with brilliant minds around him – I feel more secure already!

    November 6, 2008 03:43 pm at 3:43 pm |
  5. 1/20/09

    Higher Education

    Please explain........

    However, perhaps one of the most astounding and previously unknown tidbits about Sarah Palin has to do with her already dubious grasp of geography. According to Fox News Chief Political Correspondent Carl Cameron, there was great concern within the McCain campaign that Palin lacked "a degree of knowledgeability necessary to be a running mate, a vice president, a heartbeat away from the presidency," in part because she didn't know which countries were in NAFTA, and she "didn't understand that Africa was a continent, rather than a series, a country just in itself."

    November 6, 2008 03:44 pm at 3:44 pm |
  6. Stephen R

    Mr Biden, where are the toasters you promised? Don't forget to tax Oprah. Please.

    November 6, 2008 03:45 pm at 3:45 pm |
  7. Reality

    Penny Pritzker is known as "Subprime Queen" – root of all subprime-related instruments. Its sad that Obama has given her a seat at this table.

    November 6, 2008 03:46 pm at 3:46 pm |
  8. RJN

    Don't forget to keep Dobb and Franks they did a great job with the Banking and Housing market we would not want to change a thing!!!

    November 6, 2008 03:46 pm at 3:46 pm |
  9. INDEPENDENT NOW

    This will be a huge challange???? This will be no PICNIC. The economy is tanking rapidly. Every month seem to be borrowing from peter to pay paul. Its gotta stop! I am in automotive, we are dieing out here. Obama should give Amnesty to IRS owers to boost some revenue, like Clinton did. Hurry up we are drowning !

    November 6, 2008 03:46 pm at 3:46 pm |
  10. Purnell K3 IL

    Mr. President Congratulations to both you and Mr Biden on winning in the election!

    Now it the time to lower the Maximum Interest Rate for Mortgages, Bank Loans, and Credit Cards! By lowering the maximum rate on these interest rate that almost every Americans use in their lives, you can give instant relief to all American who are suffering from mounting debt, by cutting their monthly costs! Hopefully you will lower Mortgages to a maximum of ten percent, Bank Loans to a maximum of twelve percent, and Credit Cards to a maximum of fifteen percent!

    November 6, 2008 03:47 pm at 3:47 pm |
  11. JDC

    "Change" means recycling the has-beens, Hmmm?

    November 6, 2008 03:48 pm at 3:48 pm |
  12. Dino

    I think Barack has already paid more attention to the economy, since elected, than Bush did in 8 years.

    November 6, 2008 03:50 pm at 3:50 pm |
  13. hugh ~ california

    It's A Shame & Higher Education blogger : Your a Shame!

    November 6, 2008 03:54 pm at 3:54 pm |
  14. thanks, but no thanks

    l gladly voted and volunteered for the president Obama, and he has not been a dissapointment, so far. A ramarkable acceptance speech, l did not hear him saying that he has a mandate, but politely invited people who did not voted for him to join him in rebuilding America. As an independent, l have a single advice to the Republican Party: Break away from Rush Limbough, Sean Hannity, and the Bill O'Reighly. Be more creative and bring in more people and minorities. To president elect Barak Obama, l wish good luck and smooth journey. God Bless our Nation.

    Peace

    November 6, 2008 03:55 pm at 3:55 pm |
  15. Jim in San Jose

    I like the make up. You have quite a few people who can provide historical perspective along with a lot of bright young minds who will be able to chart a well-guided path to the future.

    Warren Buffet of Berkshire Hathaway and Eric Schmidt of Google alone are a formidable team.

    November 6, 2008 03:57 pm at 3:57 pm |
  16. Fred

    The govenor of Michigan? Are you kidding me?

    Has anyone been to Michigan lately.....that is the "economy" he wants to give the rest of the country?

    And whomever keeps writing for Obama and Joe Biden to cap interest rates that banks can charge on credit cards....

    You really should have done some research before casting your obviously misinformed and ignorant vote....

    Joe Biden...senator from Deleware for 25 years......have you noticed where you mail all your credit card bills?

    Yeah...I will be counting on Joe Biden to take on the banking industry!

    November 6, 2008 03:57 pm at 3:57 pm |
  17. Higher Education

    To 1/20/09

    Do you not think that McCain supporters are physicians, attorney's, nurses and teachers; that's what makes you so upset huh, because a "McCain Supporter" could very well be your doctor or your attorney.

    Get a clue, you couldn't carry my briefcase!

    November 6, 2008 03:57 pm at 3:57 pm |
  18. Honey

    I'm not convinced that Hillary wants a position in Obama's cabinet. I recently recall her saying she intends to stay in the Senate, and that is where she will have the most impact in implementing the health care plan.

    November 6, 2008 03:59 pm at 3:59 pm |
  19. Proud to be American

    I am excited look like we have a leader gearing up to lead us in the right direction ..... go Obama!

    November 6, 2008 04:00 pm at 4:00 pm |
  20. No2RepubGimmicks

    JDC says:

    "Change" means recycling the has-beens, Hmmm?
    -------------------------------–

    Nah... I just heard another political strategist make a very good point.

    New, fresh faces are great, but for the economy I DON'T WANT to see new faces... we wanna see people who are experts and have been around the block a few times, even though the president himself is a young and inexperienced fresh face himself.... perhaps, that's probably an even bigger reason to get these older guys.

    As for all the people putting down Obama and trying to predict what kind of president he'll be-two days after election, no less– NONE OF YOU KNOW how the Obama presidency will turn out.... so stop being negative and give him the chance that you didn't give him in the voting booth.

    He may suprise you.

    November 6, 2008 04:01 pm at 4:01 pm |
  21. White-girl, in Iowa

    "Clear": The market may have crashed 10% after Obama was elected but do you remember what happend in September BEFORE the race was declared to be over? Obama wasn't elected then. so what was the excuse for it? You haters are sick and twisted. Just don't kno whow to accept that the man may actually be on to something good! Sad.

    November 6, 2008 04:03 pm at 4:03 pm |
  22. HouseDiva

    that's right president Obama...ready on day one.

    no 6 week vacations in Crawford TX for this guy.

    November 6, 2008 04:07 pm at 4:07 pm |
  23. PaulMoATX

    Look at all the whiners on this blog. "Obama's made my 401k go down", "he's killing the stock market", yada, yada, yada. This country is in such a mess, that you are not going to see instantaneous results. Bush dug America into a huge hole, that we'll have to work our way out of in time. Obama has nothing to do with the Dow Jones dropping right now, investors are just having a tough time making decisions during this precarious time. If you haven't seen the jubilee from around the world, then you haven't been paying attention. Obama will move steadfast and sound in making decisions that will affect the American people for years to come, and I, like a lot of others who are optimistic and hopeful, know that things will get better and that are brightest days are ahead. 'The Fake Will Fade'

    November 6, 2008 04:07 pm at 4:07 pm |
  24. rm

    You people with the negative comments about Obama will never be happy about anything. You are big babies just because you didn't get your way. Obama is president-elect. GET OVER IT!!!!

    November 6, 2008 04:07 pm at 4:07 pm |
  25. fuhgptgn'wdncvviub

    Stock Market dissing Obama-

    Are you serious?Your K401 was dissed by the Bush idiotic policies from economy to Iraq.Your partisanship sucks, and all the US ellected Obama because he is better in solving the economic crisis-10 million spread, and not the one supreme judge majority that Bush got.Shame on you.

    November 6, 2008 04:09 pm at 4:09 pm |
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