White House Says Reid Wrong on Economy Comments
The White House hit back at Senate Majority Leader Harry Reid (D-Nev.) for saying that President Bushs economic advisers have been disengaged from the meltdown on Wall Street.
The majority leader doesnt know very much about who White House advisers are talking to or not, and thats as it should be, White House spokesman Tony Fratto.
Reid told reporters Wednesday that White House aides have been absent from the negotiating table when Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke have been making decisions about bailouts.
Fratto said Reids assertion that Bushs Council of Economic Advisers hasnt met since March is false, noting that Chairman Ed Lazear and Council member Don Marron Jr. meet every day.
Reid doesnt have a good understanding of how the council works, Fratto said.
Fratto added that there is a vacancy on the council because the nominee withdrew his name after waiting for months to be confirmed by the Senate. Marron was just confirmed this summer after waiting nearly a year, Fratto said.
For Harry Reid to be talking about the work that the Council of Economic Advisers is doing is bizarre, he said.