February 5th, 2009
04:28 PM ET
14 years ago

Obama to name economic recovery advisory team Friday

WASHINGTON (CNN) - President Obama will name the members of his Economic Recovery Advisory Board and lay out its mandate at a White House event tomorrow, the White House confirmed Thursday.

Obama will appear with Paul Volcker, who is heading the new group. That panel is tasked with assisting the president as he looks to reduce unemployment and stabilize the markets.

Filed under: Paul Volcker • President Obama
soundoff (75 Responses)
  1. Allen in Hartwell GA

    This is an excellent opportunity to stimulate the economy for me and my wife. We would be happy to serve on this team for GS-9/11 pay, providing we could do it from home and not have to go to Washington DC.

    February 5, 2009 05:28 pm at 5:28 pm |
  2. Ray Ray

    Has Obama checked to see if THEY paid their taxes – or does that not matter in any of his appointments???

    February 5, 2009 05:29 pm at 5:29 pm |
  3. Rob

    Do the spirits of Lenin, Stalin, and Marx count?

    February 5, 2009 05:30 pm at 5:30 pm |
  4. Cornell

    Did they atleast get the IRS to do it's due diligence first?

    Never mind that guy (treasury sec) who heads that department has things under control..........

    February 5, 2009 05:31 pm at 5:31 pm |
  5. Sniffit

    GOPers saying he's going to appoint Ayers, Wright, Rezko etc, in 3...2...1...

    February 5, 2009 05:38 pm at 5:38 pm |
  6. WELCOME TO THE OBAMA SHOW!!!!!!!!!!!!


    I LOVE IT!!!!!!!!!!

    February 5, 2009 05:42 pm at 5:42 pm |
  7. J.P.

    Correction: that's 0bama's Economic SLAVERY Team, not Economic Recovery.

    February 5, 2009 05:42 pm at 5:42 pm |
  8. RJ

    Will this new group of guys be refilling their 1040's before or after we find out how much in back taxes they owe?

    February 5, 2009 05:53 pm at 5:53 pm |
  9. yuri

    Whatever happened to the heavy weights like Larry Sommers? Seems like too many members in the Obama economic team are already spoiling the broth, don't you think? Any way, good luck, Obama and may both godsend and godspeed work in the Americans favor.

    February 5, 2009 05:56 pm at 5:56 pm |
  10. James II

    Stay focused,,

    Remedios MD

    Get Michelle on the phone. Tell her to call Barak on his Blackberry. Tell him to ask for tax returns before he announces his team. Ask personal questions. Get answers. Dont announce the team until completed.

    You guys are clueless.

    February 5, 2009 05:59 pm at 5:59 pm |
  11. The Lonely Libertarian of Liverpool NY

    Censored again by CNN, thank-you may I have another!

    February 5, 2009 06:02 pm at 6:02 pm |
  12. Oregon calling

    Pres. Obama,
    Please tell me that on this team you will have an "Average American" or two. Someone that has never made more than $50,000 per year; someone that has been downsized by corporate America; someone that is looking for the longterm security of our country; someone that has paid their taxes; someone that is currently in school, because it is different now than it was when you or members of Congress went. If you called on me, I would be happy to be of service as I fit all of the above criteria.
    I am not saying this to be a pain but alot of us are feeling the lack of "insight" that our elected officials have. They make over 3 times what I have made in the best year that I have earned as a worker. We get downsized and they give themselves raises, but hey, some people keep elected them thinking that the same thing will have different results.
    I have been a supporter since the primaries and I will continue to support you as my President, but please ask us average americans to be on your panels and not just through your house events but an actual seat at the table.
    Thank you, CNN, for letting me get my voice out there.

    February 5, 2009 06:03 pm at 6:03 pm |
  13. Ray Fisher, Albuquerque, NM

    With Mr. Volcker heading the group it is bound to be a success. This is promising!!!

    February 5, 2009 06:11 pm at 6:11 pm |
  14. daniel cabrera

    Fat chance!, we americans ARE NOT ! GOING TO SWALLOW THIS TEA ANYMORE !

    Even a caveman understand that the so called 'bail-out','stimulus', 'rescue-plan', or any other pet-name can be called is just a waste of time.


    That is all to it, check the events !

    And what happens is that Pres Obama and his gang – KNOWING WHAT IS THE TRUTH AND KNOWING THAT THEY ARE NATIONALIZING THE COUNTRY AND THROWING THE NATION TO THE SOCIALISM-MARXIST ARENA, …they do not want to be blame alone after the public DISCOVERS that they had been CHEATED by the present administration,…they do not want to GO DOWN ALONE,…they need to say that also republicans are to be blamed too,…and that is why they are desperately trying to convince atl least some of them.

    Got it now ? Excellent ! ,..see ? and you do not have to be a caveman to understand it .

    One more thing, the economy is not as bad as it is said,...when Reagan became president the situation was heavely even worst, and the answer was basically, TAX CUTS !

    This thing of :- "...the economy is this or that ..., we are going tobe real bad,,,etc" is a desperate move to inflict FEAR into the minds of the ignorant populache ( the ones that do not get informed) and so they will accept ABSOLUTELY ANYTHING AND EVERYTHING THAT IS TRHOW AT THEM AS AN ANSWER,...they just eat it that way blindly !

    Just remember when all this picture of 'bad economy ' started they said the 'BLACK-HOLE -TYPE-COLLAPSE 'WAS ABOUT TO HAPPEN IN FEW DAYS! And now we are in 2009 and they still chanting this FEAR-MANTRA ! ? Oh!, give me a brake !,...America, wake -up !, WAKE-UP NOW !

    Think of this and research.

    Daniel Cabrera

    February 5, 2009 06:12 pm at 6:12 pm |
  15. abc

    please include some authentic experts, like economists with credits. politicians are working to shrink our stimulus plan when economist from left to right confirmed it should be bigger... if not now, when do we need our government spending most? wise investment doesn't turn into debts. it's true we can no longer tolerate clueless leader after seeing it for 8 years.

    February 5, 2009 06:17 pm at 6:17 pm |
  16. Sarty

    Good going Obama.
    Let the dogs bark but you bite.
    Stay focused.
    If you can beat the Clintonians, you can wipe the republicans from the earth with the help of Americans.

    February 5, 2009 06:17 pm at 6:17 pm |
  17. Sniffit

    Keep on truckin' Obama. While you're busy doing what needs to be done, the GOP is busy committing political seppuku, so there's honestly nothing to worry about.

    February 5, 2009 06:31 pm at 6:31 pm |
  18. he is NOT the chosen one after all

    after all he was only a community organizer, he needs a lot of guidance

    February 5, 2009 06:32 pm at 6:32 pm |
  19. Joan

    My feeling is that the Republican party will go to any length to make things difficult for Obama and the Democratic party.

    After the dismal mess the Republicans made during the past eight years I would have thought they would not have the audacity to tell people how to run the country.

    Stay in there Obama and carry on with the good work. People like Cheney should go home and just shut their doors – life would be just great then for everyone else !!!

    February 5, 2009 06:35 pm at 6:35 pm |
  20. The people of America

    Remember Its us common people that are the demand in our economy. The wealthy elite have proven themselves to be both ignorant and worthless and do nothing but cry for tax cuts, government welfare and more deregulation. Its also a good time to start creating jobs by bringing the millions that have been outsourced back home. Sound impossible? Yes we can!

    February 5, 2009 06:35 pm at 6:35 pm |
  21. Dems be dopes

    Economic Recovery Advisory Board

    Al Gore, VP of Hot Air

    Gov Blog, VP of Communications

    My Auntie, VP of Immigration

    Barney Frank, VP of Rental Loans

    Al Franken, VP of Comedy Relief

    February 5, 2009 06:36 pm at 6:36 pm |
  22. This is CHANGE

    Mr. Obama....please, PRETTY PLEASE WITH SUGAR ON TOP, tell us you are kidding us?? You are just NOW establishing an economic recovery advisory team??? WHO has your recovery team been since you took office?? Ms Pelosi, Mr Reid, Mr Frank, plus 13 of THEIR closest cronies??? Sir, this is NOT the time for On the Job Training, NOR is it time to empower the least trustworthy (the 16 mentioned above). For all of us...PLEASE get this right and let us all see your promised CHANGE.

    February 5, 2009 06:40 pm at 6:40 pm |
  23. S Callahan

    That would be interesting if President Obama got the gutso and called on 'Oregoncalling'. I agree it wouldn't hurt to have an 'average persons' voice in the group...it may even be benifical.

    Curious to see what this group is made up of.

    February 5, 2009 06:44 pm at 6:44 pm |
  24. ANGIE-OH

    PLEASE President Obama, make sure the person you pick has paid all their taxes.

    February 5, 2009 06:46 pm at 6:46 pm |
  25. Texas Teacher

    Mr. President Obama, I think if you just go on and do what you promised you would do, there will be a lot more people willing to support you! Forget these black hearted pirated Republicans! They will do NOTHING to support you.... all they will do is laugh at your back!

    February 5, 2009 06:51 pm at 6:51 pm |
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