President-elect Obama's just-announced economic team strikes us as experienced and first-class:
Tim Geithner as Treasury Secretary
Lawrence Summers as National Economic Policy director
Christina Romer as head of the Council of Economic Advisers
Melody Barnes as head of the Domestic Policy Council
Still to come: Bill Richardson as Commerce Secretary.
What's also encouraging (but not unexpected) is Obama's jumping into a leadership position, not waiting for others to act. While he has two months before he's sworn in, he's taking the necessary steps to demonstrate that there will be an immediate action plan and that there will be no fiddling while the economy burns.