"There is a time for budget austerity--this ain't it."
-- Obama economic advisor Jared Bernstein, noting that government "is the only part of GDP pulling out its wallet these days" and therefore the most reliable source of short-term growth. Read "CEO in chief" by my colleague Nina Easton, Fortune's Washington editor, for more about the all-star team of CEOs and thinkers who are helping the President-elect grapple with the financial crisis and the bailout plan.
If Barack Obama wins the Presidency--which is ever more likely since he's leading in virtually all the polls--some credit must go to his campaign's embrace of new-fangled communication methods. Specifically, social networking. During a panel called "One Month to Go: The Road to the White House" at Fortune's recent Most Powerful Women Summit, Penny Pritzker, Obama's finance chair, talked about how his campaign had a scant 20,000 names early on, MOREPatricia Sellers - Oct 17, 2008 1:02 PM ET
|Michaels hack hit 3 million|
|Wealthy investors flock to fine art funds|
|GM's recalled Cobalt was a failure from the start|
|Detroit pension cuts hit civilian workers hardest|
|Stocks end week up over 2%|