Obama’s Egghead Economic Saboteurs

The Washington Examiner ^ | June 1, 2011 | Michelle Malkin

[Academiadotorg]

Official motto of the White House economic team: Those who can, do. Those who can’t, fantasize in the classroom, fail in Washington and then return to the Ivy Tower to train the next generation of egghead economic saboteurs. Life is good for left-wing academics. Everyone else pays dearly.

Take Austan Goolsbee, please. President Obama’s “fresh-faced” University of Chicago econ professor arrived in Washington in December 2008 to fill two slots: chief economist/staff director of the president’s Economic Recovery Advisory Board and member of the Council of Economic Advisers. In September 2010, he replaced CEA head and fellow academic Christina Romer, who retreated to the University of California at Berkeley last August when unemployment hit 9.5 percent. (She infamously projected that the Obama stimulus would hold the jobless rate below 8 percent.)

Goolsbee’s primary task: translating all of the administration’s big-government theories for us dummies. As Goolsbee put it to his university’s student newspaper: “We’ve certainly seen in previous crises that it’s quite important to explain things to non-experts. The American people can confront any challenge if they’re comfortable with the approach.”

And what exactly was the nature of Goolsbee’s vaunted expertise? Making money as a business rescue-and-recovery expert without ever having had to meet a payroll.

[Mr. K]

I swear Michelle’s brain keeps getting bigger all the time

I think I saw her in person once in Arizona- she is even more beautiful than on TV

[nascarnation]

Is Baraq on econ czar #5 or #6 now?

I can’t keep track of all of them.

I remember:
Christina Romer
Larry Summers
Jared Bernstein
Austan Goolsbee
whoever replaced Goolsbee

then there were some sub czars like Rattner

Baraq changes economists faster than the Detroit Lions change head coaches.

[cashless]

So if he is not getting daily economic reports how does he keep his “laser like” focus on the economy and jobs? He's got so many lasers in the fire, how can he have time to run this country into depression unless that is where his laser is pointed. Lasers have lots of purposes. Why does the POTUS use his to cut out the heart and soul of our nation?

[kittymyrib]

The vast majority of university professors can’t run their own offices and schedules. Their secretaries do that. And these woolly-headed theoreticians have been appointed by another of their kind to run the country when they have never run anything. Voters had to be extremely gullible to vote for such a ruinous regime.

[bill1952]

rules, rules, rules rules rules.