Is Third Time the Charm for Obama’s Chairman of the Council of Economic Advisers?

On its face, President Obama’s choice of Alan Krueger, Princeton economics professor and labor specialist, to be the new Chairman of the Council of Economic Advisers looks promising for those of us who want the President to focus on job creation.

But Krueger’s views are similar to those of his predecessors in the job, Christina Romer and Austan Goolsbee, both of whom wanted to deal with high employment now and high annual deficits/national debt later.  If Romer and Goolsbee weren’t effective, I don’t know why we should be hopeful about Krueger.

The Republicans have driven Obama off course and messed up both his head and his priorities, and I don’t know that one Princeton professor will be able to get him back on track.

One comment on “Is Third Time the Charm for Obama’s Chairman of the Council of Economic Advisers?

  1. Harris Jordan, Esquire says:

    President Obama should look to the history books to see how Franklin D. Roosevelt dealt with the great depression & economic crisis of the day. He ordered massive public works projects building infastructure and putting millions to work. That was a win win.

    Obama instead, listening to his advisors, balied out the banks who are raping us, and Wall Street which continues to pay huge unearned unjustifiable bonuses to the greediest of the greedy who create nothing but misery for the homeowner who can’t pay the mortgage to the tenants who can’t pay their rent because they have no jobs because the big corporations, the bailed out corporations have layed off millions of workers for profit sake, the people be damned.

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