Saviors of the Economy
Barack Obama’s economic advisers: Timothy Geithner and Lawrence Summers.
CHICAGO — President Elect Barack Obama selected a Mr. Defense and a Mr. Offense for his economic team Monday, picking Timothy Geithner as Secretary of the Treasury and Lawrence Summers as director of the National Economic Council. …
The dual selection set up a formidable tag team to take on the global financial crisis. Geithner at Treasury will likely take a defensive role, spearheading the remainder of the $700 billion Troubled Assets Relief Program and decisions to bail out individual financial institutions.
Inside the White House, Summers will be the architect of the administration’s economic stimulus proposals, including what is shaping up to be a multi-hundred billion dollar jobs and infrastructure spending plan.
Frank says: