Posted on 06/06/2011 5:47:12 PM PDT by TSgt
Austan Goolsbee, chairman of the White House Council of Economic Advisers, plans to return to teaching economics at the University of Chicago this fall, the White House announced Monday night.
Goolsbee has been on leave for four years from the university’s Booth School of Business and could have lost his tenured position at Chicago, where he was a professor for 14 years before joining the administration, if he did not return, an official said.
Goolsbee, one of Obama’s longest serving aides, was an economic adviser on the 2004 Senate campaign, and the senior economic adviser on the 2008 presidential campaign.He was appointed to the Council of Economic Advisers when Obama became president, and was made chairman when Christina Romer resigned last September to return to the University of California at Berkeley.
“Since I first ran for the U.S. Senate, Austan has been a close friend and one of my most trusted advisers,” President Barack Obama said in the White House’s announcement. “Over the past several years, he has helped steer our country out of the worst economic crisis since the Great Depression, and although there is still much work ahead, his insights and counsel have helped lead us toward an economy that is growing and creating millions of jobs. He is one of America’s great economic thinkers.”
Goolsbee’s departure once again puts the president’s economic team in flux. National Economic Council chairman Larry Summers left the administration at the beginning of the year, replaced by Gene Sperling, who served in that job under President Bill Clinton. Jared Bernstein, Vice President Biden’s chief economic adviser, left last month.
Treasury Secretary Tim Geithner is the only senior official remaining from the economic team that inherited a financial crisis and recession when Obama took office.
In the past few months, Goolsbee has been one of the few White House officials who has felt comfortable discussing economic issues on television. Colleagues say he lightens up the West Wing, and he made his mark on social D.C. when he won a “Funniest Celebrity in Washington” contest.
“While I am looking forward to returning home to Chicago, I will always be proud of the years I have spent working for this President,” Goolsbee said. “I believe that his judgment, his courage in confronting the worst economic crisis of our lifetimes, and his commitment to the American people have made a tremendous difference for the nation.”
Bloomberg News first reported that Goolsbee was considering returning to Chicago.
“chairman of the White House Council of Economic Advisers”
He probably cannot screw his next gig up as badly as he did this one.
Die screaming fool.
what’s the old saying... those who can’t do, teach?
This Ghoulsbee or Foolsbee character is doing such a splendid job at fixing the economy, he will be sorely missed I’m sure.
I predicted this on FR 2 weeks ago, although I thought it would be early 2012.
Following in the footsteps of Christina Romer and Jared Bernstein.
It’s like putting in new head coaches every couple yrs at the Detroit Lions.
teaching? WTF? he grades students.
Apparently, his appearances on the weekend shows was more than a bump in the road.
I don’t remember the media making a big deal of Bush inheriting a recession.
He is the full saying:
Those who can, do.
Those who can't do, teach.
Those who can't do or teach, work for 0bama.
He should be able to do a much better job of teaching because he now has real world proof that his ideas not only don’t work, but actually make things worse.
It's a cryin' shame. The Chicago School of Economics used to be highly respected. Yeah, it's been a while.
Leaving a position promoting something that doesn't make sense to go back to teaching something that has a chance to make sense.
It didn't take him long to decide did it.
“While I am looking forward to returning home to Chicago, I will always be proud of the years I have spent working for this President,” Goolsbee said. “I believe that his judgment, his courage in confronting the worst economic crisis of our lifetimes, and his commitment to the American people have made a tremendous difference for the nation.”
Barf. These BS platitudes are the worst thing to read after eating a nice dinner. These people are simply disgusting.
Pretty much sums it up, thanks.
I don’t want to say anything good about this guy, but, he, probably told one too many lies and his body reversed his mouth and anus.
University of Chicago? The country is run by Chicago thugs.
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