- Prison inmates take up ‘Knockout’ game, target female officers
- U.S. Army hails success with drone-shooting laser
- John Kerry: Israel-Palestinian peace deal paved for April
- India diplomat who touts women’s rights busted for $3 wage to nanny
- MSNBC host Ed Schultz paid $252K by unions in 2012-2013
- Korean War memorial ordered to take down Christian cross
- Billy Graham near death, ‘close to going home to be with the Lord’
- SeaTac, Wash.: City’s new $15 minimum wage heads to court
- Obama mulls support for Islamists in Syria, with conditions
- Obama ‘birther’ theories float, as Hawaii health director killed in crash
Economy won’t wait for Obama
Among the candidates reported in the running for the top economic slot are New York Fed President Timothy Geithner; former Treasury Secretaries Lawrence H. Summers and Robert E. Rubin; New Jersey Gov. Jon Corzine, a former Goldman Sachs partner; John Thain, chairman of Merrill Lynch; and former Fed Chairman Paul Volcker, who has been advising the Obama campaign.
Breakingviews’ Dwight Cass said Mr. Geithner would be the best choice, because he could “hit the ground running” after playing a pivotal role at the New York Fed creating the financial-market programs and rescues that the next Treasury secretary will have to run.
“The ongoing metastasis of the financial crisis into the economy gives the incoming Treasury secretary no time to learn on the job,” Mr. Cass said.
Allen Sinai, president of Decision Economics, said much is riding on the next administration’s handling of the economy, possibly including whether the United States remains the world’s predominant economic superpower.
If the crisis causes the U.S. economic role in the world to diminish while others like China’s continue to rise, that superpower status may be lost, he said. But a mandate for sweeping change in the election gives Mr. Obama a chance to change course in many areas where the U.S. has been flagging and regain lost luster in the world economy, he said.
About the Author
- Russian officials press bilateral U.S. trade deal
- Inconvenient truth: China, developing world now biggest source of greenhouse gases
- U.S. unemployment falls to five-year low of 7 percent; 203K jobs added
- Economic growth jumped to 3.6 percent in summer
- Spending on social welfare rose as economy tanked during recession
Latest Blog Entries
By Mangosuthu Buthelezi
Memories of a long brotherhood tempered in common struggle
- U.S. Navy-China showdown: Chinese try to halt U.S. cruiser in international waters
- Obama birther theories float, as Hawaii health director killed in crash
- Obama's Afghanistan experts stumped on U.S. death toll, war costs during hearing
- House budget bargain faces Senate filibuster; Republicans line up to oppose
- Billy Graham near death, close to going home to be with the Lord
- PRUDEN: The last living witnesses; they wore the yellow star and remember the Nazi terror
- NAPOLITANO: A conspiracy so vast
- American bourbon now better than Scottish whisky: U.K.-born expert
- North Korea's official report on Jang Song Thaek
- Dr. Ben Carson disavows efforts at presidential draft
Independent voices from the The Washington Times Communities
A stat-head’s outlook, direct from his worn in couch cushion.
John Glaser turns his pen toward foreign policy and international relations around the world
A conservative commentator and satirist takes on the worlds of politics and entertainment in pursuit of truth, justice and all things America.
Politics, economics, and business from a real world perspective.
Extraordinary day at Redskins Park
White House pets gone wild!
Let it snow