Rove: Obama Has Picked a First-Rate Economic Team

Solid picks win rare praise from former Bush deputy
By Rob Quinn,  Newser Staff
Posted Nov 28, 2008 6:19 AM CST
Republican strategist Karl Rove addresses delegates at the Republican state convention at the Mayo Civic Center on Saturday, May 31, 2008 in Rochester, Minn.   (AP Photo/The Star Tribune )
camera-icon View 2 more images

(Newser) – Karl Rove was pleasantly surprised by Barack Obama's choice of an economic team, the Republican analyst writes in the Wall Street Journal, singling out Tim Geithner and Larry Summers as solid picks. Geithner has played a key role in the current administration's handling of the financial crisis and will provide continuity, Rove observes, and Summers has a fine free-trade record.

Obama's economic plans should still worry conservatives, Rove writes, pointing to the president-elect's intentions for huge infrastructure projects and a stimulus plan that Congress could end up stuffing with excess spending. For now, however, Obama's economic picks are a reassuring move, Rove concludes, and businesses, workers, and investors "can only hope that, over time, this new administration's economic policies bear more of their market-oriented imprint."