Obama’s Plea for Ideas As Jobless Recovery Gets Worse–Massive Government Stimulus Spending Pump Priming Not Working–Go For FairTax, Nuclear Power and Criminal Alien Removal!
“…What Does Pump Priming Mean?
The action taken to stimulate an economy, usually during a recessionary period, through government spending, and interest rate and tax reductions. The term “pump priming” is derived from the operation of older pumps; a suction valve had to be primed with water so that the pump would function properly. As with these pumps, pump priming assumes that the economy must be primed to function properly once again. In this regard, government spending is assumed to stimulate private spending, which in turn should lead to economic expansion. …”
http://www.investopedia.com/terms/p/pump-priming.asp
“Thelma and Louise” Extended Ending
Stop Spending Our Future – The Crisis
Pres. Obama Meeting with Economic Recovery Team
President Obama: Economy Back from the Brink
Goolsebee Says U.S. Needs Growth Through Innovation: Video
http://www.youtube.com/watch?v=B72Ud3ofvdU
Doerr Says Obama Economic Advisory Board Focused on Jobs: Video
http://www.youtube.com/watch?v=a9i_EEiXb-k
Austan Goolsbee: Recovery Act Spurred Growth
President Obama on Economic Recovery
The Obama Depression or the Panic of 2009 gets even worse as more and more American citizens seek a full time job.
Looks like the official unemployment rate will hit or exceed 10% in November with over 15 million Americans seeking a full time job.
Series Id: LNS14000000 Seasonal Adjusted Series title: (Seas) Unemployment Rate Labor force status: Unemployment rate Type of data: Percent Age: 16 years and over |
|||||||||||||
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1999 | 4.3 | 4.4 | 4.2 | 4.3 | 4.2 | 4.3 | 4.3 | 4.2 | 4.2 | 4.1 | 4.1 | 4.0 | |
| 2000 | 4.0 | 4.1 | 4.0 | 3.8 | 4.0 | 4.0 | 4.0 | 4.1 | 3.9 | 3.9 | 3.9 | 3.9 | |
| 2001 | 4.2 | 4.2 | 4.3 | 4.4 | 4.3 | 4.5 | 4.6 | 4.9 | 5.0 | 5.3 | 5.5 | 5.7 | |
| 2002 | 5.7 | 5.7 | 5.7 | 5.9 | 5.8 | 5.8 | 5.8 | 5.7 | 5.7 | 5.7 | 5.9 | 6.0 | |
| 2003 | 5.8 | 5.9 | 5.9 | 6.0 | 6.1 | 6.3 | 6.2 | 6.1 | 6.1 | 6.0 | 5.8 | 5.7 | |
| 2004 | 5.7 | 5.6 | 5.8 | 5.6 | 5.6 | 5.6 | 5.5 | 5.4 | 5.4 | 5.5 | 5.4 | 5.4 | |
| 2005 | 5.2 | 5.4 | 5.2 | 5.2 | 5.1 | 5.1 | 5.0 | 4.9 | 5.0 | 5.0 | 5.0 | 4.8 | |
| 2006 | 4.7 | 4.8 | 4.7 | 4.7 | 4.7 | 4.6 | 4.7 | 4.7 | 4.5 | 4.4 | 4.5 | 4.4 | |
| 2007 | 4.6 | 4.5 | 4.4 | 4.5 | 4.5 | 4.6 | 4.7 | 4.7 | 4.7 | 4.8 | 4.7 | 4.9 | |
| 2008 | 4.9 | 4.8 | 5.1 | 5.0 | 5.5 | 5.6 | 5.8 | 6.2 | 6.2 | 6.6 | 6.8 | 7.2 | |
| 2009 | 7.6 | 8.1 | 8.5 | 8.9 | 9.4 | 9.5 | 9.4 | 9.7 | 9.8 | ||||
The real unemployment rate is already at 17% heading for 18% by the end of the year with over 26 million Americans seeking a full time job.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1999 | 7.7 | 7.7 | 7.6 | 7.6 | 7.4 | 7.5 | 7.5 | 7.3 | 7.4 | 7.2 | 7.1 | 7.1 | |
| 2000 | 7.1 | 7.2 | 7.1 | 6.9 | 7.1 | 7.0 | 7.0 | 7.1 | 7.0 | 6.8 | 7.1 | 6.9 | |
| 2001 | 7.3 | 7.4 | 7.3 | 7.4 | 7.5 | 7.9 | 7.8 | 8.1 | 8.7 | 9.3 | 9.4 | 9.6 | |
| 2002 | 9.5 | 9.5 | 9.4 | 9.7 | 9.5 | 9.5 | 9.6 | 9.6 | 9.6 | 9.6 | 9.7 | 9.8 | |
| 2003 | 10.0 | 10.2 | 10.0 | 10.2 | 10.1 | 10.3 | 10.3 | 10.1 | 10.4 | 10.2 | 10.0 | 9.8 | |
| 2004 | 9.9 | 9.7 | 10.0 | 9.6 | 9.6 | 9.5 | 9.5 | 9.4 | 9.4 | 9.7 | 9.4 | 9.2 | |
| 2005 | 9.3 | 9.3 | 9.2 | 9.0 | 8.9 | 9.0 | 8.8 | 8.9 | 9.0 | 8.7 | 8.7 | 8.5 | |
| 2006 | 8.4 | 8.5 | 8.2 | 8.1 | 8.2 | 8.4 | 8.5 | 8.4 | 8.0 | 8.2 | 8.0 | 7.9 | |
| 2007 | 8.3 | 8.1 | 8.0 | 8.2 | 8.3 | 8.3 | 8.3 | 8.5 | 8.4 | 8.5 | 8.4 | 8.7 | |
| 2008 | 9.0 | 9.0 | 9.1 | 9.2 | 9.8 | 10.1 | 10.4 | 10.9 | 11.2 | 12.0 | 12.6 | 13.5 | |
| 2009 | 13.9 | 14.8 | 15.6 | 15.8 | 16.4 | 16.5 | 16.3 | 16.8 | 17.0 |
For hispanic American citizens the official unemployment rate is 12.7%.:
Series Id: LNS14000009 Seasonal Adjusted Series title: (Seas) Unemployment Rate - Hispanic or Latino Labor force status: Unemployment rate Type of data: Percent Age: 16 years and over Ethnic origin: Hispanic or Latino |
|||||||||||||
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1999 | 6.7 | 6.7 | 5.8 | 7.0 | 6.7 | 6.6 | 6.5 | 6.5 | 6.7 | 6.4 | 6.0 | 5.8 | |
| 2000 | 5.6 | 5.7 | 6.1 | 5.5 | 5.8 | 5.6 | 5.8 | 5.9 | 5.8 | 5.1 | 6.0 | 5.7 | |
| 2001 | 5.8 | 6.1 | 6.2 | 6.4 | 6.3 | 6.6 | 6.2 | 6.5 | 6.7 | 7.1 | 7.3 | 7.7 | |
| 2002 | 7.8 | 7.0 | 7.5 | 8.0 | 7.1 | 7.4 | 7.4 | 7.5 | 7.4 | 7.9 | 7.8 | 7.9 | |
| 2003 | 7.9 | 7.6 | 7.8 | 7.6 | 8.1 | 8.4 | 8.1 | 7.7 | 7.3 | 7.4 | 7.5 | 6.6 | |
| 2004 | 7.4 | 7.4 | 7.5 | 7.1 | 7.0 | 6.6 | 6.9 | 6.8 | 6.9 | 6.7 | 6.7 | 6.5 | |
| 2005 | 6.2 | 6.4 | 5.8 | 6.4 | 6.0 | 5.7 | 5.5 | 5.8 | 6.4 | 5.8 | 6.1 | 6.0 | |
| 2006 | 5.7 | 5.5 | 5.3 | 5.3 | 5.0 | 5.2 | 5.2 | 5.3 | 5.4 | 4.6 | 5.0 | 4.9 | |
| 2007 | 5.7 | 5.3 | 5.2 | 5.5 | 5.9 | 5.6 | 5.9 | 5.5 | 5.8 | 5.6 | 5.7 | 6.2 | |
| 2008 | 6.4 | 6.3 | 7.0 | 7.0 | 7.0 | 7.7 | 7.5 | 8.1 | 7.9 | 8.8 | 8.6 | 9.2 | |
| 2009 | 9.7 | 10.9 | 11.4 | 11.3 | 12.7 | 12.2 | 12.3 | 13.0 | 12.7 | ||||
For black American citizens the official unemployment rate is 15.4%:
Series Id: LNS14000006 Seasonal Adjusted Series title: (Seas) Unemployment Rate - Black or African American Labor force status: Unemployment rate Type of data: Percent Age: 16 years and over Race: Black or African American |
|||||||||||||
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1999 | 7.8 | 8.2 | 8.0 | 7.8 | 7.4 | 7.7 | 8.7 | 7.7 | 8.5 | 8.4 | 8.0 | 7.8 | |
| 2000 | 8.2 | 8.1 | 7.4 | 7.0 | 7.7 | 7.8 | 7.7 | 7.9 | 7.3 | 7.3 | 7.3 | 7.4 | |
| 2001 | 8.2 | 7.7 | 8.3 | 8.0 | 7.9 | 8.3 | 8.0 | 9.1 | 8.9 | 9.5 | 9.8 | 10.1 | |
| 2002 | 10.0 | 9.9 | 10.5 | 10.7 | 10.2 | 10.5 | 9.8 | 9.8 | 9.7 | 9.8 | 10.7 | 11.3 | |
| 2003 | 10.5 | 10.7 | 10.3 | 10.9 | 10.9 | 11.5 | 10.9 | 10.9 | 11.1 | 11.4 | 10.2 | 10.1 | |
| 2004 | 10.4 | 9.7 | 10.3 | 9.8 | 10.1 | 10.2 | 11.0 | 10.5 | 10.3 | 10.8 | 10.7 | 10.7 | |
| 2005 | 10.6 | 10.9 | 10.4 | 10.3 | 10.1 | 10.2 | 9.2 | 9.7 | 9.4 | 9.1 | 10.6 | 9.2 | |
| 2006 | 8.9 | 9.5 | 9.4 | 9.4 | 8.8 | 8.8 | 9.5 | 8.8 | 9.0 | 8.4 | 8.5 | 8.2 | |
| 2007 | 8.0 | 8.1 | 8.3 | 8.4 | 8.4 | 8.5 | 8.0 | 7.7 | 8.1 | 8.5 | 8.4 | 8.9 | |
| 2008 | 9.2 | 8.4 | 9.0 | 8.8 | 9.7 | 9.4 | 9.9 | 10.7 | 11.4 | 11.3 | 11.3 | 11.9 | |
| 2009 | 12.6 | 13.4 | 13.3 | 15.0 | 14.9 | 14.7 | 14.5 | 15.1 | 15.4 | ||||
For teenage American citizens the official unemployment rate it 25.9%:
Series Id: LNS14000012 Seasonal Adjusted Series title: (Seas) Unemployment Rate - 16-19 yrs. Labor force status: Unemployment rate Type of data: Percent Age: 16 to 19 years |
|||||||||||||
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annual |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1999 | 15.2 | 13.9 | 14.2 | 14.2 | 13.3 | 13.9 | 13.4 | 13.3 | 14.8 | 13.8 | 13.9 | 13.4 | |
| 2000 | 12.7 | 13.8 | 13.3 | 12.6 | 12.8 | 12.3 | 13.4 | 14.0 | 13.0 | 12.8 | 13.0 | 13.2 | |
| 2001 | 13.8 | 13.7 | 13.8 | 13.9 | 13.4 | 14.2 | 14.4 | 15.6 | 15.2 | 16.0 | 15.9 | 17.0 | |
| 2002 | 16.5 | 16.0 | 16.6 | 16.7 | 16.6 | 16.7 | 16.8 | 17.0 | 16.3 | 15.1 | 17.1 | 16.9 | |
| 2003 | 17.2 | 17.2 | 17.8 | 17.7 | 17.9 | 19.0 | 18.2 | 16.6 | 17.6 | 17.2 | 15.7 | 16.2 | |
| 2004 | 17.0 | 16.5 | 16.8 | 16.6 | 17.1 | 17.0 | 17.8 | 16.7 | 16.6 | 17.4 | 16.4 | 17.6 | |
| 2005 | 16.2 | 17.5 | 17.1 | 17.8 | 17.8 | 16.3 | 16.1 | 16.1 | 15.5 | 16.2 | 17.0 | 14.9 | |
| 2006 | 15.1 | 15.3 | 16.0 | 14.5 | 14.0 | 15.7 | 15.8 | 16.2 | 16.4 | 15.4 | 14.9 | 14.7 | |
| 2007 | 14.8 | 14.9 | 14.8 | 15.5 | 15.8 | 16.1 | 15.1 | 16.2 | 16.1 | 15.8 | 16.3 | 16.9 | |
| 2008 | 17.8 | 16.5 | 15.8 | 15.4 | 18.9 | 18.8 | 20.5 | 19.2 | 19.4 | 20.7 | 20.4 | 20.8 | |
| 2009 | 20.8 | 21.6 | 21.7 | 21.5 | 22.7 | 24.0 | 23.8 | 25.5 |
25.9 |
||||
Yet President Obama fully supports comprehensive immigration reform, a code phrase for amnesty for illegal immigrants working in the United States.
Obama: Illegals Won’t Be Covered Under My Plan. So, We’ll Just Legalize The 12 Million Undocumented.
Illegal Immigrants Will Get Health Care Under Obama Care
Luis Gutierrez Pushing Amnesty For Illegal Aliens
Time to enforce the immigration laws and prosecute all business that employ illegal aliens.
Replace the deported criminal aliens with unemployed Americans!
ARE YOU NEXT? Over 1.5 Million Americans lose their job to an imported worker each year.
Black Unemployment and Immigration
Standing up for Jobless Hispanic Americans
Our economic illiterate President surrounded by Keynesian economists will support a second stimulus package as he digs his political grave even deeper.
Obama’s So-Called Stimulus: Good For Government, Bad For the Economy
Daniel J. Mitchell debates Stimulus Jobs
Dan Mitchell discusses the economy on CNBC
Stop digging Mr. President and start cutting government spending and closing down Federal Government Departments permanently and go for the FairTax, the sooner the better.
The National Debt is over $11.9 Trillion!
$11,900,000,000,000
US Debt Clock–Real Time!
This bar chart is created using data published in the Monthly Treasury Statement, which is published by the U. S. Treasury Department. Your money is spent through U. S. Senate Appropriations Bills.
The “estimate bar” (in the “Debt Total” box) for the current Fiscal Year (FY), is generated by NDAC analysts from data published by the Congressional Budget Office and several other sources.
“Budget Deficit” vs. “National Debt”—
Suppose you want to spend more money this month than your income. This situation is called a “budget deficit”. So you borrow (ie; use your credit card). The amount you borrowed (and now owe) is called your debt. You have to pay interest on your debt. If next month you don’t have enough money to cover your spending (another deficit), you must borrow some more, and you’ll still have to pay the interest on the loan. If you have a deficit every month, you keep borrowing and your debt grows. Soon the interest payment on your loan is bigger than any other item in your budget. Eventually, all you can do is pay the interest payment, and you don’t have any money left over for anything else. This situation is known as bankruptcy.
Each year since 1969, Congress has spent more money than its income. The Treasury Department has to borrow money to meet Congress’s appropriations.
We pay interest on that huge debt. And now the Treasury is having trouble finding lenders!
The American people want the FairTax to replace all other Federal income and payroll taxes.
The FairTax: It’s Time
Forget about passing the Health Care Reform and Cap and Trade Energy tax bills.
Hiking taxes in the middle of a recession/depression is a very bad idea; no, it is irrational, unless you are intentionally trying to wreck the US economy and destroy jobs!
Start buidling 100 nuclear powered electrical plants, 2 for each state, to provide 25% of America’s electrical power by 2020 and connected by a state of the art electrical grid.
Paul Genoa speaks about the future of nuclear power in reducing carbon emissions. Part 1 of 2
Paul Genoa speaks about the future of nuclear power in reducing carbon emissions. Part 2 of 2
Modern Power Grid
The Smart Grid: The Future of Electricity Distribution?
Background Articles and Videos
President’s Economic Recovery Advisory Board
“…The President’s Economic Recovery Advisory Board (PERAB) is a new panel of non-governmental experts from business, labor, academia and elsewhere that President of the United States Barack Obama created on February 6, 2009. The board will report regularly to Obama and his economic team on the current economic crisis and possible responses to it. Obama announced this new board on November 26, 2008, and also announced that it will be chaired by former Federal Reserve Chairman Paul Volcker with campaign economic adviser Austan Goolsbee as staff director and chief economist. In March 2007, Goolsbee wrote a New York Times op-ed arguing that Congress should not tighten regulations to make subprime lending more difficult. Goolsby said that a mortgage market where “people’s decisions [are] unrestricted by the amount of money they have right now” is “more perfect, not more irresponsible.” [1] Notably, defaults in subprime mortgages helped trigger the global economic crisis of 2008.[citation needed]
The board follows the model of the President’s Foreign Intelligence Advisory Board (PFIAB), which then-President Dwight Eisenhower established in 1956.[2] Like the PFIAB, the new advisory board is meant to pierce what Obama called the “insularity” of Washington decision-making processes. In announcing the new board, Obama commented that “The walls of the echo chamber can sometimes keep out fresh voices and new ways of thinking — and those who serve in Washington don’t always have a ground-level sense of which programs and policies are working.”
The PERAB is supposed to provide that ground-level sense, and Obama said that this mission will be reflected in the board’s diverse membership, which will be announced over the next few weeks.[3] Paul Krugman, a Nobel laureate in economics and a noted progressive columnist, has argued that, given the centrist makeup of Obama’s economic inner circle, the new board could be used to “give progressive economists a voice.” He mentioned James K. Galbraith, Larry Mishel of the Economic Policy Institute, Dean Baker, and Jared Bernstein as progressive economists who might be suitable for the board.[4] Bernstein, however, was subsequently named to a full-time administration position as chief economist and economic policy adviser to Vice President Joe Biden.[5]
According to an Obama transition press release, “The Board will be established initially for a two-year term, after which the President will make a determination on whether to continue its existence based on its continued necessity.”[6]
Austan Goolsbee, the board’s Chief Economist, made an appearance on The Daily Show with John Stewart on August 19, 2009 [7]
According to a March 25, 2009 press briefing by OMB Director Peter Orszag, the administration has charged PERAB with proposing approaches to three budget related tasks: simplifying taxation, closing tax loopholes and reducing tax evasion, and reducing corporate welfare.[8] …”
“…
The President and Mr. Volcker announced the board’s membership on February 6, 2009.[9] Members include:
- Jeffrey Immelt, General Electric chief executive
- James W. Owens, head of Caterpillar
- Robert Wolf, chairman and CEO of UBS Group Americas
- Mark Gallogly,[10][11] founder and managing partner at Centerbridge Partners L.P.[12][13]
- Penny Pritzker, chair and founder of Pritzker Realty Group and Classic Residence by Hyatt
- John Doerr, partner at Kleiner, Perkins, Caufield & Byers
- Monica C. Lozano,[14][15] publisher and CEO of La Opinion
- Charles E. Phillips, Jr., president of Oracle Corporation.
- Richard L. Trumka, Member
- Austan Goolsbee, PERAB Staff Director and Chief Economist
- William H. Donaldson, former Securities and Exchange Commission chairman
- Laura D’Andrea Tyson, Member
- Martin Feldstein, former chief economic advisor to President Ronald Reagan,
- Roger W. Ferguson, Jr., Member
- David F. Swensen, CIO at Yale University[16]
…”
http://en.wikipedia.org/wiki/President’s_Economic_Recovery_Advisory_Board
Obama Creates Economic Advisory Board
President Obama’s Economic Recovery Board: First Meeting
Obama at Economy Recovery Presidental News Conference 03-24-09
“…Overview of the Electric Grid
Electric power is essential to modern society. Economic prosperity, national security, and public health and safety cannot be achieved without it. Communities that lack electric power, even for short periods, have trouble meeting basic needs for food, shelter, water, law, and order.
In 1940, 10% of energy consumption in America was used to produce electricity. In 1970, that fraction was 25%. Today it is 40%, showing electricity’s growing importance as a source of energy supply. Electricity has the unique ability to convey both energy and information, thus yielding an increasing array of products, services, and applications in factories, offices, homes, campuses, complexes, and communities.
The economic significance of electricity is staggering. It is one of the largest and most capital-intensive sectors of the economy. Total asset value is estimated to exceed $800 billion, with approximately 60% invested in power plants, 30% in distribution facilities, and 10% in transmission facilities.
Annual electric revenues – the Nation’s “electric bill” – are about $247 billion, paid by America’s 131 million electricity customers, which includes nearly every business and household. The average price paid is about 7 cents per kilowatt-hour, although prices vary from state to state depending on local regulations, generation costs, and customer mix.
There are more than 3,100 electric utilities:
213 stockholder-owned utilities provide power to about 73% of the customers
2,000 public utilities run by state and local government agencies provide power to about 15% of the customers
930 electric cooperatives provide power to about 12% of the customers
Additionally, there are nearly 2,100 non-utility power producers, including both independent power companies and customer-owned distributed energy facilities.
The bulk power system consists of three independent networks: Eastern Interconnection, Western Interconnection, and the Texas Interconnection. These networks incorporate international connections with Canada and Mexico. Overall reliability planning and coordination is provided by the North American Electric Reliability Council, a voluntary organization formed in 1968 in response to the Northeast blackout of 1965.
Electric Generation
America operates a fleet of about 10,000 power plants. The average thermal efficiency is around 33%. Efficiency has not changed much since 1960 because of slow turnover of the capital stock and the inherent inefficiency of central power generation that cannot recycle heat. Power plants are generally long-lived investments; the majority of the existing capacity is 30 or more years old.
The roughly 5,600 distributed energy facilities typically combine heat and power generation and achieve efficiencies of 65% to 90%. Distributed energy facilities accounted for about 6% of U.S. power capacity in 2001.
The profile of the electric power generation industry is changing rapidly, however. A shift in ownership is occurring from regulated utilities to competitive suppliers. The share of installed capacity provided by competitive suppliers has increased from about 10 percent in 1997 to about 35 percent today. Recent data suggest this trend is slowing.
Also, cleaner and more fuel-efficient power generation technologies are becoming available. These include combined cycle combustion turbines, wind energy systems, advanced nuclear power plant designs, clean coal power systems, and distributed energy technologies such as photovoltaics and combined heat and power systems.
Because of the expected near-term retirement of many aging plants in the existing fleet, growth of the information economy, economic growth, and the forecasted growth in electricity demand, America faces a significant need for new electric power generation. In this transition, local market conditions will dictate fuel and technology choices for investment decisions, capital markets will provide the financing, and Federal and state policies will affect siting and permitting. It is an enormous challenge that will require a large commitment of technological, financial, and human resources in the years ahead. …”
http://sites.energetics.com/gridworks/grid.html
Obama Names Volcker to Head New Economic Advisory Board
By Michael A. Fletcher
“…President-elect Barack Obama today named former Federal Reserve chairman Paul Volcker to head a new advisory panel designed to help guide the administration’s efforts to stabilize the nation’s struggling financial system and create millions of new jobs.
Speaking at his third news conference in three days, Obama said the new President’s Economic Recovery Advisory Board will be tasked with bringing fresh thinking and “vigorous oversight” to the administration’s efforts to jumpstart and reshape the nation’s economy.
“The reality is that sometimes policymaking in Washington can become too insular,” Obama said. “The walls of the echo chamber can sometimes keep out fresh voices and new ways of thinking — and those who serve in Washington don’t always have a ground-level sense of which programs and policies are working for people, and which aren’t.”
Obama has said that soon after he takes office he wants to enact a massive economic recovery plan that will save or create 2.5 million jobs, through a combination of tax breaks for the middle class and a huge infusion of government spending on a wide range of infrastructure projects that he hopes will lay the foundation for future economic growth.
He said the new advisory board will help police that effort. The board will be headed by Volcker, 81, who was appointed chairman of the Federal Reserve by President Jimmy Carter and reappointed in 1983 by President Ronald Reagan. He served as one of Obama’s closest economic advisers during the presidential campaign. …”
http://voices.washingtonpost.com/44/2008/11/26/obama_names_volcker_to_head_ne.html
President-elect Obama announces economic team
PERAB Tax Reform Subcommittee Meeting
Galbraith Expects U.S. Unemployment to `Linger’ at 10%: Video
http://www.youtube.com/watch?v=IlrvtCczOMc
