These are President Elect Obama’s picks for his new economic team.
Tim Geithner, Secretary of Treasury
Lawrence Summers, Director of National Economic Council
Christina Romer, Director of the Council of Economic Advisers
Melody Barnes, Director of White House Domestic Policy Council
Heather Higginbottom, Deputy Director of the White House Domestic Policy Council
Clearly President Elect Obama feels that these people can help in implementing his plans to bring this country out of its economic crisis. President Elect Obama wants congress and the senate to be ready on day one to provide him with the bills needed most to move this country forward in a positive direction still it will take time to turn the problems around and get the economy moving in the right direction. President Elect Obama is sure that with the right measures in place that our country can weather the current economic storm.
This is information released from the Obama group about each of the individuals chosen:
"Timothy F. Geithner, Secretary of the Treasury Timothy Geithner currently serves as president and CEO of the Federal Reserve Bank of New York, where he has played a key role in formulating the nation's monetary policy. He joined the Department of the Treasury in 1988 and has served three presidents. From 1999 to 2001, he served as Under Secretary of the Treasury for International Affairs. Following that post he served as director of the Policy Development and Review Department at the International Monetary Fund until 2003. Geithner is a graduate of Dartmouth College and the Johns Hopkins School of Advanced International Studies.
Lawrence H. Summers, Director of the National Economic CouncilLawrence Summers is currently the Charles W. Eliot University Professor at Harvard University. Summers served as 71st Secretary of the Treasury from 1999 to 2001 and as president of Harvard from 2001 to 2006. Before being appointed Secretary, Summers served as Deputy and Under Secretary of the Treasury and as the World Bank's top economist. Summers has taught economics at Harvard and MIT, and is a recipient of the John Bates Clark Medal, awarded to the American economist under 40 judged to have made the most significant contribution to economics. Summers played a key advisory role during the 2008 presidential campaign.
Christina D. Romer, Director of the Council of Economic Advisors Christina Romer is the Class of 1957 Professor of Economics at the University of California, Berkeley, where she has taught and researched since 1988. Prior to joining the faculty at Berkeley, Romer was an assistant professor of economics and public affairs at Princeton University's Woodrow Wilson School of Public and International Affairs. Romer is co-director of the Program in Monetary Economics at the National Bureau of Economic Research and has been a visiting scholar at the Board of Governors of the Federal Reserve System.
Melody C. Barnes, Director of the Domestic Policy Council Melody Barnes is co-director of the Agency Review Working Group for the Obama-Biden Transition Team, and served as the Senior Domestic Policy Advisor to Obama for America. Barnes previously served as Executive Vice President for Policy at the Center for American Progress and as chief counsel to Senator Edward M. Kennedy on the Senate Judiciary Committee from December 1995 until March 2003.
Heather A. Higginbottom, Deputy Director of the Domestic Policy Council Heather Higginbottom served as Policy Director for Obama for America, overseeing all aspects of policy development. From 1999 to 2007, Higginbottom served as Senator John Kerry's Legislative Director. She also served as the Deputy National Policy Director for the Kerry-Edwards Presidential Campaign for the primary and general elections. After the 2004 election, Higginbottom founded and served as Executive Director of the American Security Project, a national security think tank. She started her career as an advocate at the national non-profit organization Communities in Schools."