Obama’s economic appointments

As I attempt to get my life semi-organized for 2009, I’ve been going through some older material I’ve been wanting to post for a while now.  From the end of November, here’s an encouraging report from Nancy Birdsall at the Center for Global Development, praising President-Elect Barack Obama’s picks of Timothy Geithner as Secretary of Treasury and Lawrence Summers as head of the National Economic Council.

We at CGD warmly welcome president-elect Barack Obama’s appointments of Timothy Geithner as Secretary of Treasury and Lawrence Summers to head the National Economic Council. Both are members of the CGD Board of Directors. This is no coincidence. It reflects the fact that both are tremendously knowledgeable about the problems and challenges faced by the world’s poor and are committed to policies to help address those problems — both in the interests of the poor in the developing world and of the United States itself. That can only be a good thing at a time when the U.S. economy hangs by a thread — and the thread is sustained and inclusive of growth in developing and emerging market economies such as China, India, and Brazil.

Here’s a brief, interesting profile of Timothy Geithner from TIME.  I was especially interested to note that Geithner’s father worked in international development, and that Geithner travelled widely while growing up.  I also thought this quote was interesting:

“He was good at breaking down the huge gap that existed because we were privileged Americans, and we were meeting people of more modest means.” — Justin Rudelson, Dartmouth lecturer who participated in a China study-abroad program with Geithner (The Dartmouth, October 2008)

Here’s a little info on Lawrence Summers, from a bio on the U.S. Treasury Department website:

Lawrence H. Summers was sworn in as the 71st Secretary of the Treasury in July 1999 after serving as undersecretary for international affairs and deputy secretary of the Treasury.  From 1991 to 1993 he served as chief economist of the World Bank, where he played a key role in designing strategies to assist developing countries.

I have a lot of respect for the Center for Global Development, and I very much hope their enthusiasm is well-founded.

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~ by h.e.g. on December 27, 2008.

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