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.