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. sneaky pete

    my last comment didnt get posted so let me "tone it down" (even though i cant believe some of the rude/hateful/ignorant posts that make it when mine dont)

    to the all the morons talking about the market taking a dump after obama won – where have you been the last 2 months!!! did you already forget the october was the worst month EVER for stocks. they are jsut continuing the trend they have been on for some time now. I guess you didnt read how Australia and Japan had a 2% increase and China a 6% increase in their markets just hours after Obama won.

    November 6, 2008 04:11 pm at 4:11 pm |
  2. Mark L.

    "Stock Market Dissing Obama November 6th, 2008 3:37 pm ET

    My 401K is down 10% since Obama was elected.

    I'll never be able to retire at this rate. I'll be wiped out in 10 days at this rate. It's all because he's raising taxes next year.

    He's got to do something or we are all in the soup."

    HEY – GUESS WHAT – G.W. BUSH IS STILL OUR PRESIDENT – DON'T GO BLAMIN' THIS ON OBAMA WHEN OL' GEORGIE BOY IS STILL RUNNIN' THE SHOW !! TAX RATES HAVE NOT GONE UP YET & YOU PROBABLY WON'T EVEN BE AFFECTED UNLESS YOU'RE IN THE ELITE $200K + PER ANNUM CATEGORY....

    November 6, 2008 04:11 pm at 4:11 pm |
  3. Mabuka

    Higher Education,
    Most lawyers and doctors I've encountered are idiots who couldn't solve problems and lack real intellect. They mostly follow a script and recipe to make money without actually accomplishing much. Arrogance is usually the common trait. I'll match my intellect and reasoning skills against most I've met any day...

    November 6, 2008 04:14 pm at 4:14 pm |
  4. Mikey

    Obama '08. Yes We Did!

    More donors
    More volunteers
    Better strategy
    Better campaign organization
    The most votes in history – 5,000,000 more that Bush in 04

    President Barack Obama is the most respected politician in America and perhaps the entire world. All the whining and doomsday predictions can't change that. While all your silly comments are entertaining, they do nothing to move America forward.

    Criticism of our government is your right, but please don't slander America and its President! It's simply not patriotic. Please find out the truth before you start spreading lies over the internet.

    ..and to the idiot who said Palin has a higer IQ than Obama. Please give us a break! LMAO at that one.

    November 6, 2008 04:14 pm at 4:14 pm |
  5. Luke Brown, Charleston SC

    Brarack, wake up.

    Rahm Emmanuel is an insider. He is abrasive, divisive, and and a mean-spirited partisan. He also has a notorious foul mouth. If you are serious about moving the country beyond partisanship ... you picked exactly the wrong guy.

    November 6, 2008 04:16 pm at 4:16 pm |
  6. ST

    Higher Education November 6th, 2008 3:27 pm ET

    If there are jobs to be created, African Americans, you need to excel beyond that GED; oh I forgot, you have "Affirmitive Action."
    ---------------------

    You sound like an elitist, racist snob. I am African-American and have worked in corporate America for years. I didn't get where I am with Affirmative Action. I got it through hard work and determination. Oh and FYI, a Repub came up with Affirmative Action. Nixon wanted African-Americans to have an opportunity to succeed. I thank him for that.

    November 6, 2008 04:16 pm at 4:16 pm |
  7. Denise

    "My 401K is down 10% since Obama was elected."

    It is amazing you would say that, let me ask, what was it 4 years ago? Did Obama have on impact on the decrease you faced a month ago? I think not. This is the issue with our country, someone has to always be the scapegoat. Let's stop that and begin taking responsibility for our own actions. He will be the President whether anyone likes it or not, the American people have spoken. What we all need to do is focus on making our country the greatest nation and get back some of the respect that we have lost from our friends and allies around the world.

    November 6, 2008 04:18 pm at 4:18 pm |
  8. reggie

    Well, the stock market doesn't seem to like Obama. Hopefully, Obama can do half of all the things he promised....except for raising my taxes, that is.

    November 6, 2008 04:22 pm at 4:22 pm |
  9. Michael

    Higher Education is simply trolling; obviously there is a significant number of African Americans who are working their butts off.

    November 6, 2008 04:26 pm at 4:26 pm |
  10. WHATEVER...

    BUSH IS STILL RUNNING THE COUNTRY AND HAS RAN IT FOR 8 YEARS SO IF YOU ARE GOING TO GET MAD GO DOWN THE WHITE HOUSE, HE WILL BE THERE UNTIL JAN 20TH AND HOLLA TO HIM WHAT A IDIOT HE IS AND MAYBE WILL FEEL BETTER, REPUD.... BECAUSE YOUR PRES BUSH SCREW YOU NOT OBAMA!!!!

    November 6, 2008 04:27 pm at 4:27 pm |
  11. Tom in MA

    I hope someone thanks him for tanking the stock market.

    November 6, 2008 04:28 pm at 4:28 pm |
  12. unco

    what are those CEOs doing and those people from the past? I want change, not a return to the past and not the people you spoke against in your speeches.

    November 6, 2008 04:32 pm at 4:32 pm |
  13. BBB

    The mob mentality is just amazing.... so YOUR candidate didn't win... I can count several time MY choice of candidate has not been elected. THAT is what this country is all about – differing opinions.

    Why don't you take a deep breath, walk around the block, and appreciate the freedoms & rights this country provides... then when you are ready to be a rational person voice an opinion.

    Stop the hateful rhetoric already, it only makes you sound narrow minded and pitifully uneducated.

    And CNN, why don't you try posting this instead of leaving all my comments in moderation mode?!

    November 6, 2008 04:34 pm at 4:34 pm |
  14. Don

    ...and narry a socialist among 'em!

    November 6, 2008 04:36 pm at 4:36 pm |
  15. ExRev

    Higher Education: I hope this is what you're trying to attain, because your comment was ignorant. And btw, you cut the holes to big on your white sheet, we can see your face.

    November 6, 2008 04:37 pm at 4:37 pm |
  16. Farrell, Houston, Tx

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

    November 6, 2008 04:43 pm at 4:43 pm |
  17. no need to know

    It is a pleasing feeling to know we now have a President Elect who will be honest and trustworthy and not send innocent gallant committed military personnel to war for reasons not justified. Also to have people surround him that are the best of the best notwithstanding issues that may arise that will not be easily conquered but approached with intelligence. This is a time that may return America to past prominence with exceeding accomplishments. I and others look forward to this. Please confront the young people with teachings of sacrafice for education accomplishments and building good credit achievement for allowing credit so the need for illegal practices aren't so tempting in life.

    November 6, 2008 04:50 pm at 4:50 pm |
  18. DE

    Mikey- were you slamming the Obama/Biden supporters who spread hate speech and falsehoods against Bush? Is Obama better off now under Bush's economic plan than he was 8 years ago? Would the countrys economy be better off if people like Obama hadn't pushed so hard for sub prime loans for lower income folks who could not afford the payments? Also for you Biden supporters, do you realize that if Obama is elected to two terms Joe Biden will be 74 years old before he is allowed to talk to anyone again?

    November 6, 2008 04:52 pm at 4:52 pm |
  19. Denise

    For all those who does not understand, the point of using people from the past is because they are aware and knowledgeable. They understand the system. In order for him to make great informed decisions, he must surround himself with people that are informed. Who are better informed than the people that have already been in the White House. Yes, he has offered new politics, that is because he does have fresh new ideas. However, he is not an island, so that means he has to surround himself with people that he will be able to work with.

    Please people, give him an opportunity to prove himself. People believed in him that is the reason he is the 44th President of the United States of America. He did not just win, he won big. As he said in his speech, "I will be your President too" and the is going to be regardless, so please, let's give him a opportunity. The man that is responsible for the stock market today is President G.W. Bush, the President that I supported 8 and 4 years ago, yes the President with the less than 30% approval rating.

    What do we see when we look at President Obama, do we just see the color of his skin or do we see a man that presents hope? I see the latter and I hope you will look through the same eyes that I am looking through and that millions of other Americans are seeing through. Give him a chance.

    November 6, 2008 04:54 pm at 4:54 pm |
  20. Ryan - Detroit

    Why is Granholm on the panel? Are they going to ask her what she has done in Michigan so the country can go in the opposite direction? Please close the door before she shows up.

    November 6, 2008 04:55 pm at 4:55 pm |
  21. Denise

    For all those who does not understand, the point of using people from the past is because they are aware and knowledgeable. They understand the system. In order for him to make great informed decisions, he must surround himself with people that are informed. Who are better informed than the people that have already been in the White House. Yes, he has offered new politics, that is because he does have fresh new ideas. However, he is not an island, so that means he has to surround himself with people that he will be able to work with.

    November 6, 2008 04:56 pm at 4:56 pm |
  22. Janet

    Hey give them a break. We need to know why things didn't work the last time and these people from the past can help us steer clear of any road blocks we may be facing. A transition team have to work on both sides so hey we are for the good.

    November 6, 2008 04:58 pm at 4:58 pm |
  23. David

    Democrats have been complaining for 8 years. Republicans have been complaining for two days and the Democrats are already telling them to shut up? You guys better get used to this, because Republicans are going to do nothing but complain until they get their power back.

    I took my money out in September, I knew Obama would scare the hell out of everyone with money.

    November 6, 2008 05:02 pm at 5:02 pm |
  24. Mabuka

    Obama's the man. I'm white, 44, voted Repub fo rthe last 24 yrs...I don't care if a little green man was running this time...we needed new ideas, new perspectives, real intellect, great temperament, someone current with todays problems, technology, and more. Obama is it. He's the best presidential candidate I've seen in a long time...I'm just glad he didn't run for some other obscure party, because he certainly would have been snuffed out. For those talking about today's stock market, you're lost...incredible statements??
    Obama started from the ground up and created a 650million dollar business that was run with perfection...with more product to offer than some current tech companies offering vaporware. Listen to some of his speeches, read his tax plan...learn and use some thinking skills instead of listening to Rush and Hannity banter..(btw..we've had multi-tiered tax plans for quite some time...I guess all those presidents are socialist including Reagan!)

    November 6, 2008 05:02 pm at 5:02 pm |
  25. Jorge

    Sebastian – um, well, Mayor Villaraigosa brings only his point of view as the leader of the city with the largest economy in the state with the largest economy in the Union. Or perhaps his point of view as a prominent Latino. Or maybe his experience as a labor organizer. Or insight he gained as one of HRC's national campaign chairs.

    November 6, 2008 05:02 pm at 5:02 pm |
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