Elmendorf to CBO
Doug Elmendorf, formerly of all the major public sector economic policy institutions (specifically the Federal Reserve Board, U.S. Treasury Department, Council of Economic Advisors, and Congressional Budget Office) and then the Hamilton Project at Brookings, will replace Peter Orszag at CBO. Elmendorf’s a moderate Democrat who wins praise from Greg Mankiw. I liked this paper he co-authored on the Bush tax cuts some months ago which concluded that “the 2001 and 2003 tax cuts made most U.S. households worse off” while helping to further enrich the already richest.
Readers may be interested in this and this from him on TARP. I’d be interested to know what’s the nature of the norm that ensures that the CBO Director’s job seems to stay consistently in the hands of broadly respected moderates even during a time of massively increasing polarization inside the congress.
One also wonders if Elmendorf will continue the CBO blog and/or whether Orszag will be blogging from his new perch at OMB.
19 Responses to “Elmendorf to CBO”
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December 31st, 2008 at 6:29 pm
Acting director Robert A. Sunshine has continued the blog, so it looks like it’s here to stay
Also, I’m glad to see an increase in the number and diversity of facial hair in DC power, with Eric Holder, and Bill Richardson in competitions with the CBO
December 31st, 2008 at 7:10 pm
bkm nın en guzel videoları sitemize eklenmıstır yapmanız gereken sadece http://www.makkale.blogcu.com girim bkm yani çok güzel hareketler bunlar linkine tıklamak hadi kolay gelsin arkdaslar
December 31st, 2008 at 11:09 pm
I think the last comment is advertising forty videos of southern girls sitem’ing while an arkdas watches, although my Turkce is a bit rusty.
Anyway, it’s sad that MattY ends the year discussing someone that 0.0000000001% of Americans have heard of, when he could easily have entertained and enlightened his readers by linking to my roundup of the year.
December 31st, 2008 at 11:40 pm
“One also wonders if Elmendorf will continue the CBO blog and/or whether Orszag will be blogging from his new perch at OMB.”
One wonders about many blogs affiliated with organizations these days.
January 1st, 2009 at 3:59 am
24aheaddotcom is a fucking moron who has no idea how important the CBO is for passing health reform. It makes the projections on which health proposals are scored. Stop spamming Matt’s blog, 24aheaddotcom, and get your unwonky ass out of here.
Matt’s blog is important partly because it introduces us to important people, groups, and ideas nobody has ever heard of.
January 1st, 2009 at 8:50 am
thanks, Neil.
January 1st, 2009 at 2:24 pm
I’d be interested to know what’s the nature of the norm that ensures that the CBO Director’s job seems to stay consistently in the hands of broadly respected moderates even during a time of massively increasing polarization inside the congress.
That’s easy. The CBO directorship is chosen by the budget committees with nominal input from the leadership of each chamber. With democrats in charge you get deficit hawk/blue dogs/wussy centrists like Conrad and Spratt choosing centrist or other conservative dems. There’s also a tradition of trying to choose someone who will have credibility to both parties.
Republicans did try to polarize CBO with the selection of Doug Holtz-Eakin, formerly of the Bush White House, but he stuck a finger in their eye almost immediately over the scoring of tax legislation. He waited until the McCain campaign to really go the full monty.
When you really get down to it, the vast majority of qualified economists for the job are going to be moderates. To get a quack you could probably dig one up from AEI or Heritage but it would be tough to find a handful of candidates at any time.
And you can’t discount the importance of CBO’s career staff from Bob Sunshine on down. The place is chock full of opinionated economists and analysts who have no interest in being herded by an ideologue. It would take a couple of terms for a CBO director to really gut the place of its independent leanings.
January 1st, 2009 at 9:27 pm
Neil the Ethical Werewolf Says: Matt’s blog is important partly because it introduces us to important people, groups, and ideas nobody has ever heard of.
So do I, but in contrast to MattY I tell the truth about them.
January 2nd, 2009 at 1:36 am
Most of us have heard of neo-Naziism and white nationalism, 24.
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