Paul Volcker's Economic Recovery Advisory Board has been given the unenviable but worthy task of simplifying our ridiculous tax code.
That includes Jim McNerney of Boeing, who also heads up my Export Council, and several members of my Economic Recovery Advisory Board.
WHITEHOUSE: President Obama on Tax Cuts Framework and Meeting with CEOs
This was a key plank of the so-called Volcker Rule, named after Paul Volcker, Chairman of the Economic Recovery Advisory Board, who proposed it.
Gawker broke the story yesterday of the infidelity of Charles Phillips, an executive at software company Oracle and an Obama-appointed member of the Economic Recovery Advisory Board.
Wednesday, he tapped former Federal Reserve Chairman Paul Volcker to lead the President's Economic Recovery Advisory Board, a new group created to jolt the economy back into action.
Like the others named to the tax reform task force, Feldstein also serves on Obama's Economic Recovery Advisory Board, which is headed by former Federal Reserve Chairman Paul Volcker.
On November 26th he said Paul Volcker, a former Federal Reserve chairman, would head his new Economic Recovery Advisory Board and Austan Goolsbee, his longest-serving economic adviser, would be its staff director.
President-elect Obama has drawn one of the veterans of many economic battles, former Fed chairman Paul Volcker, to head a new Economic Recovery Advisory Board, designed to give private sector advice to the new administration.
Over the course of the last year, certainly Paul Volcker, members of the President's Economic Recovery Advisory Board, have been in frequent and constant contact with the economic team, and the President, in the fall, thought about these issues quite a lot, worked with Representative Kanjorski when drafting the bill.
For now Obama will rely on gurus from at least three teams to guide him until the inauguration: the next members of the Council of Economic Advisers, the National Economic Council and the Economic Advisory Recovery Board.
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