Tuesday, March 12, 2013

Obama's Econ Team Linked to Brookings Scholar

The Wall Street Journal (WSJ) recently published an article titled "Tracing Budget Teams DNA," which says that one of the most influential people in the formation of the White House's economics team is former Treasury Secretary Robert Rubin.

Robert Rubin in on the the Brookings Institution's Hamilton Project Advisory Council, and he is Co-Chair of the Council on Foreign Relations (CFR).

Here is what the WSJ said about Rubin's deep connection to the economic team in the Obama Administration:
President Barack Obama nominated Mr. Rubin's former chief of staff, Sylvia Mathews Burwell, to be the next director of the Office of Management and Budget, a key policy-making slot that has broad influence on tax and spending proposals.
Treasury Secretary Jacob Lew worked closely with Mr. Rubin during the Bill Clinton administration and then followed him to Citigroup Inc. during the George W. Bush administration. Gene Sperling, the White House National Economic Council director, has known Mr. Rubin since they met during Michael Dukakis's presidential campaign, and they were allies during the Clinton-era budget battles. NEC principal deputy director Jason Furman ran the Hamilton Project, a left-leaning economic think tank that Mr. Rubin co-founded in 2006.
Here is a full list of others on The Hamilton Project Advisory Council.  Those of the Council include economic/business heavyweights such as:
  • Alan Blinder, former Vice Chairman of the Board of Governors of the Federal Reserve and former member of Clinton's Council of Economic Advisers.
  • Richard Gephardt, former Democratic Congressman representing Missouri.
  • Peter Orszag, former Director of the Office of Management and Budget (OMB).
  • Robert Reischauer, former Director of the Congressional Budget Office (CBO).
  • Sheryl Sandberg, CEO of Facebook.
  • Eric Schmidt, Executive Chairman of Google.
  • Lawrence Summers, former Treasury Secretary under Clinton and Director of the NEC under President Obama.
  • Laura D'Andrea Tyson, former Chair of the Council of Economic Advisers (CEA) under Clinton.

Brookings was recently ranked as the best think tank in the world by the University of Pennsylvania's annual think tank rankings.