Obama to use Lehman Brothers collapse anniversary to cite progress

Obama to use Lehman Brothers collapse anniversary to cite progress

AP | Sep 14, 2013, 11.10 PM IST

http://timesofindia.indiatimes.com/world/us/Obama-to-use-Lehman-Brothers-collapse-anniversary-to-cite-progress/articleshow/22589858.cms

WASHINGTON: President Barack Obama is marking the fifth anniversary of the Lehman Brothers collapse by trying to lay claim to an economic turnaround and warning Republicans against moves that he contends would risk a backslide.

His message to the Republicans: don't oppose raising the nation's debt limit, don't threaten to close down the government in a budget fight, and don't push to delay the health care law or starve it of federal money.

The economic emphasis, after weeks devoted to the Syrian crisis, begins coming into focus in a series of events kicked off by a White House Rose Garden speech on Monday. It's a determined effort to confront public skepticism about his stewardship of the economy and to put down his marker for budget clashes with Congress in the weeks ahead.

The White House argues that a better capitalized and better regulated financial sector is extending more credit, fueling an economy now able to withstand headwinds such as spending cuts and tax increases.

"You can draw this straight line from the health of the financial system to the ways the financial system impacts the economy," said Jason Furman, the chairman of Obama's Council of Economic Advisers.

Jason Furman

Jason L. Furman is the chairman for the Council of Economic Advisers, the assistant to the president for economic policy for the Barack Obama administration, and was a senior fellow at the Brookings Institution (think tank).

Note: Martin N. Baily was the chairman for the Council of Economic Advisers, and a senior fellow at the Brookings Institution (think tank).

Rebecca M. Blank was a member of the Council of Economic Advisers, a senior fellow at the Brookings Institution (think tank), and is the deputy secretary at the U.S. Department of Commerce for the Barack Obama administration.

Lael Brainard was the deputy national economic adviser for the Council of Economic Advisers, the VP & director for the Brookings Institution (think tank), and is the under secretary for international affairs at the U.S. Department of the Treasury for the Barack Obama administration.

Mark B. McClellan was a member of the Council of Economic Advisers, and a senior fellow at the Brookings Institution (think tank).

David H. Romer was a junior staff economist for the Council of Economic Advisers, and is a senior fellow at the Brookings Institution (think tank).

Laura D'Andrea Tyson was the chair for the Council of Economic Advisers, and a trustee at the Brookings Institution (think tank).

Stephen M. Wolf is an honorary trustee at the Brookings Institution (think tank), and was the chairman, Private Equity Advisory Board for Lehman Brothers Inc.

Lehman Brothers Holdings Inc. is a subsidiary of Lehman Brothers Holdings Inc.

David F. Swensen was the SVP for Lehman Brothers Holdings Inc., and a trustee at the Brookings Institution (think tank).

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank), the Harlem Children's Zone, the Robin Hood Foundation, the International Rescue Committee, the Committee for Economic Development, and the Climate Reality Project.

George Soros is the chairman for the Foundation to Promote Open Society, and was a benefactor for the Harlem Children's Zone.

Joseph M. Gregory was a trustee at the Harlem Children's Zone, and the president & COO for Lehman Brothers Holdings Inc.

Richard S. Fuld Jr. was a benefactor for the Harlem Children's Zone, a director at the Robin Hood Foundation, and the chairman & CEO for Lehman Brothers Holdings Inc.

Michael R. Bloomberg was a benefactor for the Harlem Children's Zone, a donor for the Robin Hood Foundation, is the New York (NY) mayor, and Diana L. Taylor’s companion.

Diana L. Taylor is Michael R. Bloomberg’s companion, the managing director at Wolfensohn & Company, LLC, and was an investment banker at Lehman Brothers Inc.

James D. Wolfensohn is the chairman & CEO for Wolfensohn & Company, LLC, was an honorary trustee at the Brookings Institution (think tank), the president of the World Bank, and an overseer at the International Rescue Committee.

Judith A. Miscik was a director at the International Rescue Committee, and the global head of sovereign risk for Lehman Brothers Holdings Inc.

Roman Martinez IV is an overseer at the International Rescue Committee, and was a managing director at Lehman Brothers Holdings Inc.

Harvey R. Miller was the leading attorney on bankruptcy team for Lehman Brothers Holdings Inc, and is a trustee at the Committee for Economic Development.

R. Glenn Hubbard is a trustee at the Committee for Economic Development, and was the chairman for the Council of Economic Advisers.

Peter G. Peterson is a trustee at the Committee for Economic Development, and was the chairman & CEO for Lehman Brothers Holdings Inc.

Theodore Roosevelt IV was a managing director at Lehman Brothers Holdings Inc., and is a director at the Climate Reality Project.

Joseph E. Stiglitz was a director at the Climate Reality Project, and the chairman for the Council of Economic Advisers.

Foundation to Promote Open Society was a funder for the Committee for Economic Development, the Climate Reality Project, and the Brookings Institution (think tank).

George Soros is the chairman for the Foundation to Promote Open Society, and the founder & chairman for the Open Society Foundations.

Open Society Foundations was a funder for the Atlantic Council of the United States (think tank).

James R. Schlesinger is a director at the Atlantic Council of the United States (think tank), a senior adviser for Lehman Brothers Ltd., the vice chair for the Homeland Security Advisory Council, and was a senior adviser for Lehman Brothers Holdings Inc.

Lee H. Hamilton is a member of the Homeland Security Advisory Council, and an honorary trustee at the Brookings Institution (think tank).

Jason L. Furman was a senior fellow at the Brookings Institution (think tank), is the chairman for the Council of Economic Advisers, and the assistant to the president for economic policy for the Barack Obama administration.

Vernon E. Jordan Jr. is an honorary trustee at the Brookings Institution (think tank), Valerie B. Jarrett’s great uncle, a director at the American Friends of Bilderberg (think tank), and a 2008 Bilderberg conference participant (think tank).

Valerie B. Jarrett is Vernon E. Jordan Jr’s great niece, the senior adviser for the Barack Obama administration, and a member of the Commercial Club of Chicago.

Cyrus F. Freidheim Jr. is a member of the Commercial Club of Chicago, and an honorary trustee at the Brookings Institution (think tank).

Laura D'Andrea Tyson was a trustee at the Brookings Institution (think tank), and the chair for the Council of Economic Advisers.

Stephen M. Wolf is an honorary trustee at the Brookings Institution (think tank), and was the chairman, Private Equity Advisory Board for Lehman Brothers Inc.

Lehman Brothers Holdings Inc. is a subsidiary of Lehman Brothers Holdings Inc.

David F. Swensen was the SVP for Lehman Brothers Holdings Inc., and a trustee at the Brookings Institution (think tank).