...I can't really argue with a single pick of the Obama economic team. The background of Melody Barnes probably should concern me, but I don't know enough about her yet to formulate an opinion. (Look, it could have been Robert Reich. Thank God for small favors, as it were.) I'd say Christina Romer's background on the Great Depression will be useful, but I thought that of Bernanke too, and that hasn't gone so well.

Unlike the Wall Street Journal, I think it's fine that the Sancho Panza of the Clinton Treasury gets a turn in the big chair. He and Bernanke have worked together for quite some time so it should keep the markets relatively calm (Friday's late rally after the announcement being only possibly evidence of this.)

Labels: economics, Obama