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Paul Volcker Will Lead Economic Recovery Advisory for “Bold, Clear, Decisive Steps”

Every day this week, President-elect Barack Obama has introduced new members of his economic team. Today it was Paul Volcker and Austan Goolsbee, who will lead the President’s Economic Recovery Advisory Board.

Asked if the flurry of public activity was a response to the current Administration’s handling of the current crisis, President-elect Obama said that his focus on the economy was about something much broader.

No, I think what it speaks to is the frustration of eight years in which middle class wages have gone down, or in real terms their family incomes have been reduced,” he said. “It expresses frustration about our inability to tackle some of the long term problems that we’ve been facing and have been talking about for decades, whether it’s health care, energy, an education system that’s been slipping behind in critical areas like math or science. And most of all, I think frustration with the incapacity of Washington to take bold, clear, decisive steps to deal with our economic problems.

For years President-elect Obama has fought not only for an overhaul of the regulations that govern Wall Street — as his economic agenda states, “Barack Obama and Joe Biden believe that our deep systemic financial market crisis requires a systemic response” — but for bold action in nearly every area of public policy.

Image credit: www.time.com

Written by Reenita Malhotra

Reenita Malhotra Hora is an Ayurveda clinician, entrepreneur, writer and mom. Her experience has ranged from running Ayoma, an Ayurveda business to running a natural health practice at San Francisco's California Pacific Medical Center.

Reenita is a published author of two books books about health and wellness: ‘Ayurveda - the Natural Medicine of India’ and
‘Inner Beauty’. She is also the Editor for Green Options Media's business blogs and a freelance writer for a variety of print and web publications.

In quieter moments, she likes to spend her time hiking, swimming the warm seas, cooking with the family or writing fantasy fiction adventure stories for kids from from 2 to 92.

Check out her wisdom at www.reenita.com

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  1. One of Obama’s greatest challenges is to create a new country and a new economy based on sustainable principles, while at the same time listening to sage wisdom formulated by decades of prior experience.

    We don’t want to be pulled into the past, yet we want this new foundation to be build upon sound economic practices.

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