ON THE OTHER HAND, HE WON'T GET PINNED WITH ANY OF THE BLAME:

Volcker panel yet to meet (JOSH GERSTEIN, 4/11/09, Politico)

"The whole organizational side of this has been a nightmare," Volcker told the Wall Street Journal on Saturday.

The story echoes a report last month in POLITICO about the slow takeoff of the President's Economic Recovery Advisory Board and how legal constraints on such groups have complicated the process. A Bloomberg report last month also mentioned, in passing, the former Fed chair has been "kept out of major policy decisions, associates say. Volcker was named to head a White House economic advisory board, and then several of his choices for that board were vetoed by the White House." [...]

Last month, budget director Peter Orszag announced that Obama has invited a subpanel of the board to craft plans to simplify the tax code and improve compliance.

Seven of the board's members met with Obama on March 13. However, some members of the panel said they were not told in advance of the session. The president described the event as a meeting of the advisory panel, but the White House later insisted it was not.

In case you were wondering why it seems like this is an administration with no adult supervision....

Posted by oj at April 11, 2009 6:50 PM
Tweet