Michael Froman - Advisory Board: Obama-Biden Transition Project


Peter Gosselar - Posted on 07 November 2008

A former managing director at Citigroup, Froman became the chief of staff to former Treasury Secretary Robert Rubin during the Clinton administration after serving in Treasury as deputy assistant secretary for Eurasia and the Middle East and director for International Economic Affairs on the National Economic Council and the National Security Council.

He was previously a fellow at the Council on Foreign Relations and currently serves on its Studies Board Committee.

During the 2008 campaign, Froman raised between $200,000 and $500,000 for Obama's presidential committee. In past elections, he was a bundler for John Kerry, raising at least $50,000 for him in 2004.

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Mr. Froman, himself, was the chief of staff to former Treasury Secretary Robert Rubin and Robert Rubin was deeply involved in the deregulation which has had so much to do with the finanacial disaster we face. Obama needs to have some contrary voices on his economic team. For example, I would recommend the Nobel prize winners Joseph Stiglitz and Paul Krugman. club penguin

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Well yeah these were really crucial leadership changes lets see how they take it! Homeschool Programs

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Mr. Froman, himself, was the chief of staff to former Treasury Secretary Robert Rubin and Robert Rubin was deeply involved in the deregulation which has had so much to do with the finanacial disaster we face. Lewis has been under fire for not only being at the helm of the ship during a crisis, but also the takeover of Merrill Lynch, a move of some controversy.
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The economic stimulus package was subject to a lot of debate, and it still is. However, some administration officials feel like the economic stimulus package is already working. Consumer spending hasn’t begun a huge upswing and return to glory, and there are less personal loans available from major banks, but the consumer spending levels have been holding steady. Granted, they’ve been holding low, but holding instead of falling, and stocks have been beginning to rebound. Perhaps these are good signs that the economic stimulus package is doing what it is supposed to.

I am very concerned that the Economic Team is mostly made up of corporate and neo-liberal interests. Mr. Froman, himself, was the chief of staff to former Treasury Secretary Robert Rubin and Robert Rubin was deeply involved in the deregulation which has had so much to do with the finanacial disaster we face.
Obama needs to have some contrary voices on his economic team. For example, I would recommend the Nobel prize winners Joseph Stiglitz and Paul Krugman. In particular, Joseph Stiglitz has written a worthy examination of world trade issues in "Making Globalization Work".

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