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OBAMA Taps KRUEGER as Top Economist –

August 29, 2011

Obama Taps Krueger as Top Economist

ECONOMY AUGUST 29, 2011, 11:13 A.M. ET


President Barack Obama has chosen Princeton University’s Alan Krueger to be chairman of the White House Council of Economic Advisers.

“As one of this country’s leading economists, Alan has been a key voice on a vast array of economic issues for more than two decades,” Mr. Obama said Monday in a statement. He continued, “Alan understands the difficult challenges our country faces, and I have confidence that he will help us meet those challenges as one of the leaders on my economic team.”

If confirmed by the Senate, Mr. Krueger, a labor economist, is likely to provide a voice inside the administration for more-aggressive government action to bring down unemployment and, particularly, to address long-term joblessness.

Mr. Krueger, 50 years old, returned to Princeton a year ago after serving as assistant Treasury secretary for economic policy during the first two years of the Obama administration—which means he has recently cleared the sometimes treacherous Senate confirmation process.

He would succeed Austan Goolsbee, who left earlier this month to reclaim his teaching post at the University of Chicago.

Mr. Krueger has been on Princeton’s faculty since 1987, the year he earned his Ph.D. in economics from Harvard University. He did a stint as chief economist at the Labor Department during the Clinton administration.

via Obama Taps Krueger as Top Economist –

One Comment
  1. August 29, 2011 10:18 AM

    What we have here is a re-cycling of the same people between government and the elitist economists that dominate the Ivy League universities. Larry Summers rotates between Washington D.C. and Harvard University. Christina Romer and Robert Reich are now at UC Berkeley. Austan Goolsbee returns to the University of Chicago.

    Alan Krueger has been here before and brings the same thoughts and ideas that are just a re-tread of the previous advisers. It’s the “yes men” who provide nothing new and simply provide support to the president’s views. This is nothing new. Every president that I can remember has done exactly the same thing. Those who are not “yes men” do not last long.

    Remember Paul O’Neill under George W. Bush. He held the position of Secretary of the Treasury from January 20, 2001 to December 31, 2002. O’Neill was chairman and CEO of the Pittsburgh industrial giant Alcoa from 1987 to 1999, and retired as chairman at the end of 2000. He was fired for opposing the invasion of Iraq. It was his reward for not being a “yes” man.

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