November 24th, 2008
08:47 AM ET
6 years ago

Obama poised to name another economic advisor

Romer was named to Obama’s economic team Monday.
Romer was named to Obama’s economic team Monday.

(CNN) - CHICAGO, Illinois (CNN) - Sources close to the Obama transition team say Berkeley Economics Professor Christina Romer will be the Chair of the President's Council of Economic Advisers.

What makes this selection more interesting than some of the other Obama picks is she's a female, a California academic, and a Washington outsider.

An important distinction is that this is different than the job Lawrence Summers is expected to get as director of the National Economic Council.

The Council of Economic Advisers is a group of economists, including three who are appointed by the president and need Senate confirmation, who advise the president on economic policy.

The CEA is part of the executive office.

The National Economic Council (NEC) coordinates the president's economic policy between the department of Housing and Urban Development, Health and Human Services, Labor, Treasury, and the Federal Deposit Insurance Corporation, among others.

The Summers appointment does not require confirmation.


Filed under: Obama transition
soundoff (58 Responses)
  1. Kyle, MD

    He'll be a great president.

    November 24, 2008 08:57 am at 8:57 am |
  2. Stacy from Loudoun County VA

    Wait a minute, does she have ties to the Clinton Administration? That must be investigated!

    November 24, 2008 08:57 am at 8:57 am |
  3. Mike Dallas

    Great!

    Now if all you Bush supporters would convince him to step aside early say 12/15 so the Obama team can step in and fill the leadership void that would be great.

    We may not survive until 1/20.

    November 24, 2008 08:58 am at 8:58 am |
  4. Average Joe

    unless its my wife doing the book and by the way she is honest, and trustworthy, I think these experts will screw the pooch, after all its the Professional Experts that put us in this position.

    November 24, 2008 09:04 am at 9:04 am |
  5. Walter Gatlin

    The only reason you find Palin to be the worst of anything, is because you are an extreme liberal news orginazation. The AP reports Palins Approval at 67%. More than Obama! Eat that CNN!

    November 24, 2008 09:05 am at 9:05 am |
  6. Burhan, dfw

    That's an excellent choice.

    November 24, 2008 09:08 am at 9:08 am |
  7. Roger

    I have a question.....during the campaign Barry said he was going to raise taxes on those earning over $250,000. This was supposed to be good for our plunging economy. Now, he says he may have to wait on that.

    ??????

    Anybody else confused.

    Looks like Old man Mccain knew what he was doing and was telling the truth when he said it was bad for the economy.

    Looks like Barry is a liar. Looks like I wasted another vote on so called "change"

    November 24, 2008 09:10 am at 9:10 am |
  8. al

    It is funny that obama kept giving out rumours in the news about his impending cabinet appointments to test the water. That shows his indecisiveness as a leader, and flipflopping as shown during the presidential race.

    November 24, 2008 09:18 am at 9:18 am |
  9. alvino

    Some people on the right will complain that Romer is not an example of change that Obama promised, but this pick is still impressive.

    I am now convinced that the only way to appease the unhappy republicans is to name Dick Cheney as chief environmentalist, put Halliburton in charge of the economy, and Joe the Plumber in charge of national defense.

    November 24, 2008 09:23 am at 9:23 am |
  10. ProgressiveDemocrat

    Finally an outsider.
    Obama's transsition team the more outsiders the better then insiders.
    The insiders over the years have been the major problem.

    November 24, 2008 09:24 am at 9:24 am |
  11. Kevin

    Christina Romer, an expert on tax cuts and recessions who is an economics professor at the University of California at Berkeley, to chair his Council of Economic Adviser. Yeah!

    HRC is SoS; JN is Secretary of Homeland Security and now Christina.

    Go Obama Go!

    Now, let's hear an ongoing role for Sheila Blair. These are qualified women who will not only aid the country but be excellent role models for women.

    November 24, 2008 09:24 am at 9:24 am |
  12. S.B. Stein E.B. NJ

    Any other information on her background? It is nice to note that she is a "Washington outsider," but what does that mean? Her opinion could be the same as other people that are inside Washington. Gender has little reflection on how someone thinks.

    November 24, 2008 09:38 am at 9:38 am |
  13. Wil Smith, Jackson, MS

    All this bail out money to these big companies are the major trouble. I was once for the bail out but now I see all these companies just stealing and lairs. We are giving billions to these companies and there are not loaning money to the American people they are raising our rates and buying other banks. The people are losing on both ends.
    I have been with AlG auto insurance for 9 years , I have never had a claim with AIG in the 9 years and a few months ago a rock hit one of the head lights ofmy SUV and caused some small damage about $240. When I filed this small claim my rate when from $1060 annually to $1400 Annually. The claim was a little over $200 out of 9 years as a customer and within 2 month they increased my insurance $340 annually. I know many people dealing with the same problems as I am and AIG really can't give you an excuse why. We want our Bailout money back at lease then we can understand why rates are going up.

    I am really upset and wanted to use a few other choice words to express my anger.
    wilsmith24@yahoo.com

    November 24, 2008 09:46 am at 9:46 am |
  14. Wil Smith, Jackson, MS

    Give the Bail out Money to the American people at lease you know we will spend it and that way the Banks will come to the customers rather then customer going to the Banks that are really the real robbers here.

    November 24, 2008 09:51 am at 9:51 am |
  15. pam Eugene OR

    Obama is doing a great job getting the very best people.

    November 24, 2008 09:54 am at 9:54 am |
  16. Susan from Scotts Valley, CA

    He's really putting together an impressive team whether they're connected to the Clinton administration (which translates to experience) or not.

    November 24, 2008 10:01 am at 10:01 am |
  17. Richard A. Spomer

    To top all of that it’s a paid position with the Federal Government which carries benefits!

    November 24, 2008 10:06 am at 10:06 am |
  18. Lynne

    That's quite an impressive team of economic advisors he's forming.

    November 24, 2008 10:07 am at 10:07 am |
  19. Spencer/NY to VA

    I think she will add diversity to the administration. It's clearly obvious that President -elect Obama wants different perspectives from all economists. He's determined to get this economy moving again.

    November 24, 2008 10:07 am at 10:07 am |
  20. Credit Card Republicans

    And where did she come from?What do you call one "Giant Bank" with no competition.Answer,"THE FED",just like in the game,MONOPOLY.

    November 24, 2008 10:10 am at 10:10 am |
  21. Charles Walker

    Ties to the Clinton administration is a bad thing? Have you forgotten the best economic times came durin the Clinton administration? Granted ALL Presidents get more blame and more credit than they deserve, but still he left us with a surplus!!!!

    November 24, 2008 10:11 am at 10:11 am |
  22. Whatever Man

    I'm commenting on the Bill Richardson appointment. I see alot of PUMA laughing and mocking Bill RIchardson for getting the Secretary of Commerce because in their eyes its not as important as Secretary of state well I have one word 'WRONG!!!!'. Let me give you what he'll be in charge of:

    The mission of the department is to "promote job creation and improved living standards for all Americans by creating an infrastructure that promotes economic growth, technological competitiveness, and sustainable development." Among its tasks are gathering economic and demographic data for business and government decision-making, issuing patents and trademarks, and helping to set industrial standards.

    Hmmmm so he will deal with JOB CREATION which is the most pressing issue of the WORLD!!!!!! so please stop talking out of ignornace. Oh yeah Professor Christina Romer for chair of the CEA another great pick by President-Elect Obama

    November 24, 2008 10:12 am at 10:12 am |
  23. CanIcallyouJoe

    Stacy @ 8:57
    "Wait a minute, does she have ties to the Clinton Administration? That must be investigated!"

    She probably does. Clinton was sort of influential inside the government there for a while.

    A lot of the better advisers or experts on things that make them qualified for one position or another have dealt with the Clintons before, considering Clinton wanted the best and brightest.. the same with Obama. And, there are only so many people like that in Washington – it's logical that people who were part of a successful presidency would be considered when trying to build another one.

    Also, one should really not have to explain this logic.

    November 24, 2008 10:12 am at 10:12 am |
  24. ANGIE

    At Least Obama is doing things, WHAT IS OUR LAME DUCK PRESIDENT DOING TO FIX THE ECONOMY? nothing taking going away photos, cant congress Impeach Bush and his entire Lame duck Administration and let Obama in early ?isnt the Majority of congress dems now cant they Impeach that god awful President of ours NOW?

    November 24, 2008 10:15 am at 10:15 am |
  25. Dan - Ohio

    Obama is really going for a diversification in thinking in every issue area, along with gender and ethnic diversity. That type of internal debating amongst great thinkers will only help Obama reach solid, practical, common sense solutions to our nation's problems. This is good. We have a "thinking President", for a time that needs serious thinking.

    November 24, 2008 10:20 am at 10:20 am |
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