As they typically do in the days following a presidential election, media outlets have been publishing lists of potential appointments by the president-elect. As you might expect given the current circumstances, much of the focus has been on who will be Treasury secretary, but almost all of the other cabinet posts, along with a few close-to-cabinet-positions, have been listed. The one notable (at least to a budget person) exception is director of the Office of Management and Budget, which consistently has been missing.
For those who don't know, the OMB director is a member of the cabinet, so leaving it off the lists is at least a little curious (again, at least to a budget person). And some previous administration OMB picks -- David Stockman, Leon Panetta, Dick Darman, for example -- have been the most visible, energetic, cointroversial, and influential members of their administrations. At least at the beginning of a new presidency, OMB typically isn't a position that fades into the woodwork.
So what's happened to OMB?
Just want to thank Obama
for rushing Cox and top SEC officials out the door.
Now maybe we can restore the uptick rule and make naked shorting illegal again. This will go a long way to restoring confidence in the markets. Thank God we elected Obama. Somebody on his team is getting it right. Buffet? I don't know, but it's very, very good. This is exactly what I wanted to see -- Obama surrounding himself with a brain trust that gets the people's work done. We were all tired of the "make the rich friends richer and screw the middle class" agenda.
OMB tends to be very
OMB tends to be very important in republican administrations but is treated poorly in democratic administrations.
Post new comment