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.
My original recollection of that phrase was from Charlie Brown! Did it exist before that?
Charles Schulz was such a wonderful genius!
WELL SAID!!!
Very good movie, watched it in the last month. That`s about as modern as a movie that I watch. I am afraid I have never heard of Joe Coolsbee
:)
Dr. Phillip Barbay: David, I just want to get it on record that I am totally against this. I don’t think that selling admission to an obviously unqualified student is either ethical or honorable.
Dean Martin: Uh, right... Phil. In Mr. Melon’s defense, it was a really big check.
Dr. Phillip Barbay: [glaring at Martin in dismay] It’s a simple matter of undermining the efforts of our best students, who are here as the result of hard work!
Thornton Melon: Hard work? Listen, Sherlock! While you were tucked away up here working on your ethics, I was out there busting my hump in the REAL world. And the reason guys like you got a place to teach is ‘cause guys like me donate buildings.
Dr. Phillip Barbay: I wasn’t speaking to you, Mr. Melon.
Dean Marin... I love it LOL
Dean Martin... I love it LOL
More proof that “Nothing good comes from Chicago”(TM)
More proof that “Nothing good comes from Chicago”(TM)
If Obama and his backers are completely successful it will be devastating poverty for millions of americans,and tyranny for all Change for sure
He has only been chairman since last September.
So? He has been Barky’s economic advisor since the Senate campaign in 2004. He has been there for the whole train wreck.
Huh? What country is he talking about?
Maybe he's still on drugs.
And here is the Lie of the Day, “Goolsbee...could have lost his tenured position at Chicago...if he did not return.”
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