The President. I'm very encouraged, and I fully endorse it. I'm looking forward to being behind it 100 percent. I am interested-and maybe folks like Jim Skinner or others who are already doing this kind of work, and you guys may have already gone over this-but I'd be interested just in figuring out, when we look at the best practices, [Penny S.
Mr. [Paul Volcker]. The only other point I'd make, all the time this is discussed, and the cost, there isn't enough emphasis, it seems to me, on the cost of what happens if we don't do anything. If any of these projections are halfway correct, it's going to cost amounts of money that make this stuff we're talking about trivial. And I don't think that that's impressed enough upon-I know it's out in the distance so it's hard politically, but there it is.
WASHINGTON, Jan. 27, 2011 /PRNewswire/ -- On Thursday, January 27, Examiner.com participated in an on-site panel discussion at the White House with Austan Goolsbee, the chief economist for the President's Economic Recovery Advisory Board. Jay Keller from Examiner.com asked the panel a series of questions that were submitted by Examiner.com readers on issues relating to the economy, that was streamed live on the White House website as well as Examiner.com. Both Mint.com and MSN Money also participated in the exclusive conversation.
Within this group, you've got leaders of manufacturing and leaders of finance. You've got labor, and you've got management. You've got people who work in small businesses and people who work in large businesses. You've got some economists and some folks who think they're economists. [Laughter] By the way, these days everybody thinks they're an economist.
Section 1. There is hereby established within the Department of the Treasury the President's Economic Recovery Advisory Board (PERAB). The PERAB shall consist of not more than 17 members, who shall be appointed by the President from among distinguished citizens from outside the Government who are qualified on the basis of achievement, experience, independence, and integrity.
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