Tim Reid in Chicago
Download 'Too Hot', an exclusive Specials track from iTunes

Barack Obama defended his decision to pack his new Cabinet with veteran Washington insiders and former Clinton officials yesterday after a campaign in which he promised change.
The President-elect responded after naming the former Federal Reserve chairman Paul Volcker, a veteran of the Carter and Reagan Administrations, as the head of a new economic panel to stop “groupthink” infecting his inner circle of White House financial advisers.
There have been mounting concerns, particularly from the liberal wing of his Democratic Party, that Mr Obama has pivoted sharply to the centre-right with his choice of top Cabinet posts.
His main economic advisers have close ties to the Clinton White House and Mr Obama has already chosen Hillary Clinton to be his Secretary of State. His chief of staff, Rahm Emanuel, once served Bill Clinton, and more appointments still to be announced will include a slew of officials who served in the most recent Democratic Administration.
“What we are going to do is combine experience with fresh thinking,” Mr Obama said at his third press conference in as many days. He said he would be foolish, at such a “critical time in our history”, to pick people who “had no experience in Washington whatsoever”.
He added: “What I don’t want to do is somehow suggest that because you somehow served in the last [Clinton]administration you are barred from serving again.”
Mr Obama said he was forming an economic recovery advisory board, with Mr Volcker to head it, to give independent economic advice from outside the White House. “Sometimes policymaking in Washington can become a little bit too ingrown, a little bit too insular,” Mr Obama said. “The walls of the echo chamber can sometimes keep out fresh voices and new ways of thinking.”
Mr Obama said the board, which would report to him regularly, would be filled with individuals from diverse sectors of the economy and would be government outsiders, “to challenge some of our assumptions, to make sure that we are not just doing the same old thing all the time”.
Mr Volcker, 81, a legendary economic figure who has been a close adviser to Mr Obama, was appointed Chairman of the Federal Reserve by Jimmy Carter in 1979, a time of runaway inflation and high unemployment. He tamed inflation by raising interest rates; a highly controversial move, but one that was later credited with reviving the economy. He was retained in his post by President Reagan.
Mr Obama told anxious Americans that “help is on the way” for the beleaguered economy, but he again gave warning that it would take time to revive the nation’s fortunes.
He spoke as more grim economic news emerged, and as the federal deficit was revealed to be on course to surge to well over $1 trillion (£650 billion).
On Tuesday the Bush Administration announced that it was going to spend another $800 billion — in addition to the $700 billion Wall Street rescue package passed by Congress last month — to unclog credit markets and help homeowners threatened with repossession.
Win a luxury weekend to Newcastle and its neighbour Gateshead, find out more here
Risk, resilience and embracing new technology
Industry sectors news at a glance. Interactive heatmap, video and podcast
Discover the power of collective thinking. Submit a solution and be in with a chance to win a Media Hub Home Entertainment System
The inside track on current trends in the charity, not for profit and social enterprise sectors
Everything the Business Traveller needs to know to make a better trip
Make the most of the summer and enter our fabulous photographic competition, you could win a £5000 holiday
Corsica is an island of beauty and contrast, an ideal holiday destination
Enjoy further reading from Travel to Fashion, Business to Sport, discover more
Shortcuts to help you find sections and articles
The clever way to lease a new car is with Car leasing made simple™
2009
per month on 36-month
Personal Contract Hire (PCH)
2008
42850
Car Insurance
£24,250 - £30,346
MI5
London
£60,000
The Environment Agency
Bristol
Up to £90K
Boots
Midlands
OTE £85k
Credit Protection Association
Nationwide Opportunities
Completely London
Luxury Condo's in Manhattan with NYC views
The best new homes in Wimbledon?
Nationwide
Fabulous Cruise And Cruise & Stay Offers Including Virgin Atlantic Flights Prices Start From Only £699pp!
Last Minute Cruise And Cruise & Stay Offers. Med From £499pp, Caribbean From £699pp!
5 star quality at a 3 star price.
8 fabulous Canadian cities ...you won’t find cheaper
Contact our advertising team for advertising and sponsorship in Times Online, The Times and The Sunday Times, or place your advertisement.
Times Online Services: Dating | Jobs | Property Search | Used Cars | Holidays | Births, Marriages, Deaths | Subscriptions | E-paper
News International associated websites: Globrix Property Search | Property Finder | Milkround
Copyright 2009 Times Newspapers Ltd.
This service is provided on Times Newspapers' standard Terms and Conditions. Please read our Privacy Policy.To inquire about a licence to reproduce material from Times Online, The Times or The Sunday Times, click here.This website is published by a member of the News International Group. News International Limited, 1 Virginia St, London E98 1XY, is the holding company for the News International group and is registered in England No 81701. VAT number GB 243 8054 69.
Obama's campaign was about CHANGE.
He CHANGED!!!! That's what the idiots voted for.
Change for the worse....
Maybe Ron Paul next time?
Paul, London ,
I think Obama listens to those who caution him that he may have run to the left but had better govern from the right. He'll end up held accountable for the sins of the Bush administraton. Sara Palin will come along in 2012 and hand him the bill. Some smart guy he turns out to be.
Jimmy Montague, Troy Mills, USA
What happens is when you are briefed with what is all being done to protect America then one begins to understand why an administration (Bush) does what it does. Suddenly you realize that all those 'changes' that many of the lesser informed followers believed, are not practical.
Vince Hugh, Atlanta, USA
He said he would be foolish, at such a critical time in our history, to pick people who had no experience in Washington whatsoever? Yet he was just elected President by asking the American people to do just that. Please note how much time he spent in Washington B4 running 4 office. 6 months?
Gene, Keosauqua, US
To coin a new phrase: The more things "Change", the more they stay the same.
Who was the "We" in "Yes We Can", I don't think it was the American People.
Michael, Adelaide, Australia
Obama is going to try his best to "protect" our country, but in doing so, he's going to put us into a deeper recession and political nightmare.
We need to keep hoping that he's not powerful enough to do what he really promised... and vote him out in 4 years...
Matt, Littleton, USA
Clinton DID NOT give the US a balanced budget. The Republican Congress that we elected two years afer he came into ofice did. The President cannot balance the budget, Congress can.
That said, Clinton DID sign into laws several bills that have contributed HEAVILY to the current Economic meltdown.
Carla, San Diego, CA , USA
I think perhaps he may have bit off way more than he can chew. Liberals should only be in charge of singing and dancing, you know, the arts! He's over his head folks...
Stacie, Colorado, USA
The choice of Volcker is, all by itself, proof that Obama is simply another tool of the Oligarchy. So those on the right can at least take comfort that nothing much has changed, while those on the left can watch their leftist revolutionary hopes just get folded in to the same old rule by money.
Gian Paolo, Sakura,
To Deborah in London, England. Clinton never gave us a balanced buget. The media told us it was balanced, but the Office of Budget and Management reported just the opposite at the close of Mr. Clinton's regime.
A.L. Umphfres, Portland, OR, USA
Good to see there are other folks who see what is about happen-America has been "hood"winked by the stupid generation!
Viktor, Huntsville,
"Clinton gave us a balanced budget. That is something we could use again. "
Not true. The budget was only "balanced" with funds from Social Security which is the next catastrophe that will hit us.
Robert, NYC, USA
President Elect Obama is a smooth talker - and that is about it. We The People have to take what we get right now - and what we are getting is a mixed bag of strong personalities all proven to be power hungry politicians. Obama has no idea - he is way in over his head.
RAltiere, North Kingstown, RI, USA
There have been mounting concerns, particularly from the liberal wing of his Democratic Party, that Mr Obama has pivoted sharply to the centre-right with his choice of top Cabinet posts-
These people are "centre-right"? Good Grief!
Patrick , ny, usa
"Clinton gave us a balanced budget."-Deborah, london, england
I didn't know England was part of the U.S. What party was controlling the budgets in Congress during Clinton's balanced budget. Also look into the way the budget was reported. It was a different method used than usual.
Fabio, Milton,
How bout a president with no experience
Chris, fresh meadows,ny, usa
It's not whether or not you say that you say that you have not abandoned "Change". It's what the voters think or perceive of you, not what you tell us to think! We are the judge of what you do as to what you promised to do! We are keeping score.
Jon Pau, Geelong, Australia
Clinton gave us a balanced budget. That is something we could use again. If it takes listening to the advisors that gave that to the US then I say use them. Obama will make up his own mind I have no doubt..
Deborah, london, england
I think its a little disingenuous though for a guy who said "he wouldn't shuffle chairs" is now doing exactly that. Sure seems to me that both parties deserve a bunch of the blame for how things are currently going - people who haven't been poisoned by Washington are what we need there now.
Jeff, Gurnee, IL,
The same people who caused the US financial and political crisis are back in power - thanks to Obama, the figleaf.
Next? Deficit, inflation, hyperinflation, killed dollar, martial law, FEMA camps and coffins under Naopilitano/Arpaio and a war against Russia to "deal" with impoverished Americans.
pat, london,
What should we expect. Mr Obama had no idea beyond great promises on how to run a government. No wonder he picked those who had goverend before. some one has to guide him.
G. Tait, Houston, TX
You guys are all missing the point. CHANGE, as the president elect continues to prove, is about changing policies and leadership in d.c. Regardless of which GREAT minds he selects for important positions, it is the president elect's policies & vision which are being implemented.
Kyle, New York, USA
I reside outside the US, but as a citizen I elect to vote absentee. I have followed the primary and general election on SKYTV, which gives us CNN, FOX and BBC. All through the campaign we (the voters) kept hearing "no to Bush 3", isn't this starting to look like "Clinton
Dana Norris, Whakatane, New Zealand
Obama thinks it would be foolish at such a critical time in our history, to pick people who had no experience in Washington whatsoever. Duh! Why are you the exception Obama?
joe, Atlanta, USA
If you didn't laugh when he trotted out Joe Biden under the "Change" banner, you were not paying attention. Now it looks as if Mr. O. had no expectation of winning, and now he's got a bad case of "What do I do now???"
The USA bought a fake Rolex, and think they have a chronometer.
Bill W., Brooklyn, NY , USA
Amazing the same idiots who screwed this up ten years ago are the ones Nobama is adding to his staff and cabinet. Look up Glass-Steagill Act Repeal, that is what started this whole avalanche of economic issues. These "whiz kids" advised Clinton to repeal it and the ball of yarn started to unravel
Jim, Virginia Beach, usa
let me see if I have this correct,Carter Administration,double digit inflation,interest rate,unemployment,the triple double.Clinton Administration,high taxes,big spending,Government intrusion.Way to go Pres Elect
Phil Cares, Boston, Ma
Lets see now,,,, the day after the polls closed good ole NOBOMA took off ALL HIS PROMISES FROM HIS WEBSITE, well,,,,guess that was change one! Now since he has NO EXPERIENCE in anything but running COMMUNITY BAKE SALES he has put in the CLINTON cabinet to cover his lack of experience in defense!
Andrea, St. Augustine, USA
Change? It's looking more like a third Clinton term
RA Babin, Baton Rouge,
Gotta give ol Barry credit he's keeping hisself plastered in the media ,making it seem impossible for him to be rejected after he cannot show proof of natural born citizenship.So were either gonna trash him or the constitution when it all comes out.Now you know what Biden knew.
Donald Biggs, Ft. Myers, U S A soon to be N A U
"He said he would be foolish, at such a 'critical time in our history', to pick people who 'had no experience in Washington whatsoever.'
Yeah, that's what I said about him during the election, and I'm glad to hear him, and apparently everyone else in the rest of these comments, admitting it.
Matthew, MD, USA
As I said all along , voting for Obama for "change " is like wearing a condom while shooting heroin for "protection"... its a JOKE at least a black man can be top corporate globalist stooge. Also as I said all along the only difference between Obama and Mccain is the set of lies they will give
Gabriel Melancon, New Orleans, LA, USA
You can't improve without changing, but you can surely change without improving...will be fun to watch.
Tom G., Texas, USA
I congratulate Obama on his apparent decision to keep Gates at Secretary of Defense so he can continue President Bush's surge and win in Iraq strategy.
MD, RSM,
There's nothing new here. I'm just waiting for "Well I tried as hard as I could but I just couldn't lower your taxes so I'm going to have to raise them".
John, Grand Rapids, MI, USA
Let the I told you so remarks begin.
Jessica, El Paso, Texas, USA
Obama need to hire insiders to compensate for his inexperience. At the current mess we are in, It is better to have old insider with experience rather new inexperience people who will be making a bigger mess.
Julie, sterling, USA
President Elect Barack Obama is a politician, and a very good one, therefore the only 'change' you are going to get is a 'change' from the promises he made to get elected.
They are all the same, even Lincoln gave different speeches based on how far south he was in Illinois.
Norman , Bristol,
AAaahhhh, the sweet breath of 'change'.....Welcome to the same-o, same-o, Clin-toon era...B.O. is a tele-promp-ter "Nu-Socialist...you know,PM Brown type...He'll sell out the U S of A,the 'draft dodger'......The 52% who voted for B.O....will be whistling a different toon in FEB '09..Chicago thug..
MrTim, san marcos , U S of A
A politician lied during a campaign? I'm shocked.
Eric, park city, usa
ahh nothing like double digit intrest rate numbers in the carter years. Just imagine paying 18% on your $500,000 house now. Change is true, change the republicans for demacrates. What Im suprised so far is that he hasn't picked erik Schmidt(google) for his cabnet. God I hope this lasts four years
josh, grand terrace, CA, USA
Look at the spinmeisters on the left!! McCain said Democrats couldn't be trusted with defense, and Obama agreed by keeping Gates on!!! The left bought the "extreme left characature", and they are coming unglued!!
Change we need!!!
Joe, Chicago, IL, USA
I think it is funny to listen to the democrats try and explain away, or redefine, the whole "change" campaign that Obama ran under.
It's okay to criticize Bush, but apparently not okay to criticize Obama for his picks. He needs all the old insiders. He doesn't know what he is doing yet.
Matt, New Albany, USA
The main point here people is he promiszed change and all we're getting are the same'o faces. Change in my mind is maybe hire some CEO's that have made great capital out of a company that sank, maybe some economic prefessionals out of the beltway. Politics as usual in my mind.
Matt, Mesa,
The elite wins again.
They are very busy destroying the dollar so they can build a one-world government...
O, yes, by the way the elite will want to be in charge of this new world order - they're doing it all for the workers and the children and the poor.
Hanno Kondyke, Amsterdam, NL
I basically like Obama and have confidence in his ability and basic attention to the public interest, however: the very fact he has to respond to this sort of criticism is an indication of a problem.
Neil B, Newport News, USA
Let the Obama back peddling begin. Rationalize it any way you want, Obama spent months preaching to the sheeple that a Hillary win would mean a return to the Clinton White House. Well, that's what you've got. Congress and the White House will give the libs no one to blame but themselves.
Ted, New York, USA
I dont think any reasonable person who voted for Obama is too surprised by these appointments. First off, none of us bought the "extreme-left" characature painted by the the Republicans about Obama. Secondly, who do you expect him to fill his staff with, Albanaian anarchists?
dave, asheville, usa
I can change the way I walk without changing my socks and shoes. I don't get what all the fuss is about. Some people just can't help belly-aching, it's their nature. Give Obama a chance, folks -- if he doesn't know what he's doing, we'll find out. But it's too early now.
Daniel J. Houghton, New York City, USA
To those who are criticizing his choices, should he pick people that have never served under any president? I mean, what is acceptable?
Jeff, Sacramento, California, USA
ah, he's doing a Bliar, no real surprise there-now all he needs is another war
peter c, Devizes, Wessex
Change we need - just not what you need. Anyone really fall for this one? We're all delighted to see the back of the Re$ublican party for the next four years; but does anyone seriously expect to wake up in a free society tomorrow? Not really. Its just better than the wakko 'alternative'.
Chris, Nottingham,
Moveon.org suggested that it was very disappointed that Obama considered the laws of thermodynamics to still be relevant to the modern world. "We thought that this would be a fresh start, and that all the old rules would be torn up. That Obama goes as far as to respect gravity is distressing to us"
Nick, Rotherham, UK
Would be very disappointing if he effectively chose Hilary Clinton as Secretary of Sate... Colin Powell would be a better choice in my view. Same old, same old (where is the change if you appoint yet another Clinton?).
Jacynthe Chagnon, Richelieu, Quebec , Canada
Ummm.... After voting for BO, I'd like to request a do-over. If this is BO's idea of "change," I'd hate to see what "more of the same" looks like.
Tracy, Dallas, TX, USA
Before people start saying he's selling out. We have to consider this, radical new ideas on their own are unlikely to sway either house, but if it comes from respected figures people are more likely to listen. You need to balance new with old so that it doesn't make the old hands feel threatened.
Tim Hamilton, Chatham,