Contact: J.P. Fielder 
(202) 463-5682 / 888-249-NEWS

 

November 24, 2008    
 

 

WASHINGTON, DC—U.S. Chamber of Commerce President and CEO Thomas J. Donohue issued the following statement on the announcement of President-elect Barack Obama’s economic team:

 

“President-elect Obama has chosen a strong, experienced economic team. Restoring the nation’s economic health must be our top priority and the Chamber stands ready to work with the new administration to spur growth and job creation.

 

“This team brings a wealth of knowledge to Washington and an understanding that any sustainable economic recovery will involve the business sector.

 

“Tim Geithner has a deep understanding of our capital markets and the experience and credibility to tackle our nation's biggest challenge—restoring our economy and rebuilding our financial markets.  He has been directly engaged in all the steps taken so far to address this unprecedented crisis and is well qualified to lead the Treasury Department.

 

“Larry Summers’ knowledge of economic issues and past experience as Treasury secretary will serve President Obama well.  Likewise, Christina Romer and Melody Barnes will bring an understanding that any sustainable economic recovery will involve the business sector.

 

“For nearly a century the Chamber has successfully worked with both parties through varying economic conditions. Today's challenges are unprecedented and call for strong communication and support between the next administration and the backbone of our nation's economy, America's business community.”
 

The U.S. Chamber is the world's largest business federation representing more than 3 million businesses and organizations of every size, sector, and region.

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