The Obama economic transition team

I have The Inquiring Mind to thank for this link to Willem Buiter's discussion of Barack Obama’s Transition Economic Advisory Board. And in Buiter's view it's not good.

Buiter's points are,

1. They’re old.
2. Too few serious economists.
3. Far too many lawyers.
4. They are protectionist.
5. They are the unalluring faces of past failures.

To summarize,

the members of Obama’s Transition Economic Advisory Board are too old, too uninspiring and too much part of the problem to deliver the change America needs and to keep alive the hope that Obama may have inspired through his election. A wasted opportunity.

Enough said.