Business advocates are among those most pleased with President-elect Barack Obama's decision to named Christina Romer as the head of his Council of Economic Advisors. Conservative economist Greg Mankiw called it "an excellent choice."
One thing that has a lot of people excited is that, along with Fed Chair Ben Bernanke, Romer is considered one of the top economic experts on the Great Depression. Which should come in handy if we're to steer clear of another one. Even more important to the business community, she and her husband once published a study that essentially concludes you shouldn't raise taxes in a recession.
We can live with that.