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 universitys 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 Obamas 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 Houses 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 Americas great economic thinkers.
Goolsbees departure once again puts the presidents 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 Bidens 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.
“...and his commitment to the American people have made a tremendous difference for the nation.
We’re different alright. The only reason his numbers are still high is there are still people waiting for him to pay their gas and rent from his stash.
Totally unsurprisingly Mr. Goolsbee has no actual business experience. Some very pretty sounding awards (won the debate club for example). No indication that he’s ever actually had to make payroll. Un-@#&$% real.
didn’t even last a year at this position. I bet he’s been thinking about it, but had to dig deep the past few days to tell the bold faced lies he had to tell about the jobs report.
“his insights and counsel have helped lead us toward an economy that is growing and creating millions of jobs.”
Am I missing something?
Do these tenured professors or whatever get paid when they take a 4 year leave? I probably don’t want to know.
He must really be an odd man out at the U of C.
He won the “Funniest celebrity in washington” - probably for his work on the economy
Nice...
Help screw everything up and then bolt back to academia, where you can teach young impressionable liberals to continue to screw things up!
Why aren’t these people ridiculed out of existence?
“I dun it like I taught it and dis sh!t don’t wurk. I qwit”.... al goobersbee.
None of these so-called economic gurus want to be at the helm when the American economy completes its journey through the death spiral of hyperinflation. Can’t say I blame them.
Would bet that he like others can’t deal with obamas insanity.
LLS
Yes, they’ll all be looking for an escape. And I still say it’s possible the demorats will manuver things so they don’t have to take the fall on their watch in this next election...and let the republicans take the fall on their watch. They’ll keep it all alive until then. I don’t trust them a bit to be at all concerned about this nation or it’s people.
Good grief, they’re all going back to Chicago....headquarters for the mob IMO.
This economic moron, foolsby, needs to be held accountable for screwing the US economy. Remember this worthless anti-free-America loser.
and he teaches in a BUSINESS SCHOOL at the University of Chicago....???? good riddance to trash.
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