Congress Digs Obama’s Economic Picks
The statements are dribbling in slowly, but the common verdict from members of Congress surrounding the economic team put together by President-elect Barack
Jul 31, 2020119.7K Shares5.7M Views
The statements are dribbling in slowly, but the common verdict from members of Congress surrounding the economic team put together by President-elect Barack Obama seems to be one of undying love — from both sides of the aisle.
Sen. Max Baucus (D-Mont.), chairman of the Senate Finance Committee, said the team “has the makings of the best economic team ever assembled.”
Sen. Judd Gregg (R-N.H.), the highest-ranking Republican on the Senate Budget Committee, said the picks reflect “strong and early leadership.”
While Sen. Charles Grassley (Iowa), the Finance Committee’s top Republican, said the choices have eased earlier concerns about an Obama administration:
“„During the campaign, the kind of change that the President-elect promised was so undefined it made me nervous. Now that he’s appointing familiar faces from the Clinton administration to very high-level positions I’m less concerned.
Not to stray too far from his entrenched oppositionism, House Minority Leader John Boehner (R-Ohio) said he’s ready to work with the Obama team to fix the economy, particularly if their strategy coincides with Boehner’s plan to stimulate spending by cutting taxes. “As we proceed,” Boehner said, “we should start by listening to the American people, who do not believe increasing government spending is the best way to put our economy back on track.”
Obama, of course, supports an enormous economic stimulus bill that would pump billions of dollars into infrastructure projects, state Medicaid programs and Detroit’s struggling auto industry. Some Democrats said over the weekend that the price tag could reach $700 billion — all borrowed, largely from abroad.
That’s not going to make Boehner happy. Then again, Washington would be boring if everyone got along.
Dexter Cooke
Reviewer
Dexter Cooke is an economist, marketing strategist, and orthopedic surgeon with over 20 years of experience crafting compelling narratives that resonate worldwide.
He holds a Journalism degree from Columbia University, an Economics background from Yale University, and a medical degree with a postdoctoral fellowship in orthopedic medicine from the Medical University of South Carolina.
Dexter’s insights into media, economics, and marketing shine through his prolific contributions to respected publications and advisory roles for influential organizations.
As an orthopedic surgeon specializing in minimally invasive knee replacement surgery and laparoscopic procedures, Dexter prioritizes patient care above all.
Outside his professional pursuits, Dexter enjoys collecting vintage watches, studying ancient civilizations, learning about astronomy, and participating in charity runs.
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