Power Point: Spend to grow

November 8, 2008, 2:49 AM UTC

“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.