Thursday, November 27, 2008

Paul Volcker to Head Economic Recovery Board

From CNN

“Paul has been by my side throughout this campaign, providing a deep understanding of financial markets, extensive experience managing economic crises, and keen insight into the global nature of this particular crisis,” Obama told reporters, calling Volcker “one of the one of the world’s foremost economic policy experts.”

Obama said a key purpose of the board would be to provide a perspective from outside the walls of the Washington “echo chamber,” which he said “can sometimes keep out fresh voices and new ways of thinking.”

In his Monday press conference of the week Obama stated that,"The economy's likely to get worse before it gets better. Full recovery will not happen immediately,".

I think this is a good sign that first, he is getting out there and letting Americans know that he is "on the case" secondly, he is building a very credible team to lead us out of this crisis. A team that I think would have been very close to one that McCain might have picked. This reinforces my belief that one man cannot know everything. It is best to build a strong team around you and the make a decision based on their recommendations.

CLICK HERE to read the story.

Good luck and Good Currency Trading, oh and Happy Thanksgiving!



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