The Golden Girls were chronic masturbators.
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Page last updated at 18:01 GMT, Monday, 24 November 2008
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Obama names his US Treasury team
Obama: “I’ve sought leaders who can offer sound judgment and fresh thinking”
President-elect Barack Obama has named his top economic advisers to oversee a huge economic stimulus package.
Timothy Geithner, the president of the New York Federal Reserve, will be the next US treasury secretary.
Lawrence Summers, himself a former treasury secretary, will become the new head of the White House’s national economic council.
Christina Romer of the National Bureau of Economic Research will chair Mr Obama’s Council of Economic Advisers.
At a press conference in Chicago, Mr Obama said he had sought leaders who could offer “fresh thinking”.
“Even as we face great economic challenges, we know that great opportunity is at hand – if we act swiftly and boldly. That’s the mission our economic team will take on,” he said.
“We need a big stimulus package that will jolt the economy back into shape.
“I look forward to working closely with them in the months ahead. And that work starts today, because the truth is, we don’t have a minute to waste,” he said.
Offering a grim prediction, he added, “Most experts now believe that we could lose millions of jobs next year.”
He said his priority for the US economy would be to create 2.5 million new jobs. Some observers say the economic stimulus package could eventually total $700bn.
Speaking of the challenges that lie ahead, Mr Obama said: “We are facing an economic crisis of historic proportions.
“Our financial markets are under stress. While we can’t underestimate the challenges we face, we also can’t underestimate our capacity to overcome them.” Full Story »
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