I think this pick will be the most important of all of his advisers since the economy is the issue that will define his Presidency. A bad choice or a yes-man here will be direct path into the next Great Depression. However I am heartened by this article.
Timothy Geithner, president of New York's Federal Reserve Bank, and Larry Summers, the former treasury secretary in the Clinton administration, are believed to be the leading contenders.
I have read several articles on Geithner and I have come to the conclusion that he is one of the best qualified men in the country to lead us out of the recession and help us grow once we get there. Hopefully he can be a counterpoint to some of the insane deficit spending ideas that Obama has cooked up as well. He also has some powerful friends that he can turn to for any help he needs as well.
His informal group of advisers includes E. Gerald Corrigan, a managing director of Goldman Sachs and a former New York Fed president; Treasury Secretary Henry M. Paulson Jr.; John Thain, the CEO of Merrill Lynch; Paul A. Volcker, the former Fed chairman; and Peter G. Peterson, the former U.S. secretary of commerce.
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