Posted on 08/29/2011 5:33:23 AM PDT by sunmars
President Barack Obama on Monday will announced he has chosen Princeton University labor economist Alan Krueger to become the top White House economist, a White House official said.
Krueger would succeed Austan Goolsbee as chairman of the Council of Economic Advisers.
The decision comes as Obama prepares to unveil a jobs package in a speech planned for shortly after the September 5 Labor Day holiday.
With U.S. unemployment at a stubbornly high 9.1 percent and amid fears the economy could slide back into recession, Obama is under pressure to show he is doing all he can to bolster growth.
Goolsbee, a long-time Obama adviser, left the administration earlier this month to return to his teaching job at the University of Chicago. The departure was a blow for the White House as Goolsbee had been a high-profile spokesman on the economy.
Krueger served in the Obama administration as a Treasury Department economist but left that job to return to Princeton last fall.
The nomination requires Senate confirmation but Krueger has an advantage because he has already served in the administration.
(Excerpt) Read more at reuters.com ...
He’s a high tax high and spend communist that believes in union control of corporations, just what we fracking need to help get the country moving again.
If we somehow reelect Baraq come next November this nation is history, no matter what happens in the house and senate seats.
Being a true communist, a trained and engrained Marxist, he sees everything through the lens of the dialectic. It is entirely possible within the dialectic to go “South” with the intention of ending up “North”.
Besides, who’s to say his economic policies are failing?
Don’t you have to define what “success” is in order to say that they are failing?
What if “success”, to him, is the total collapse of the capitalist system in America? I’d say he’s on the road to a HUGE success.
Freddy wouldn’t want the job as the economy is even a nightmare for him.
I fully agree with you. We are toast with 4 more years of obami.
Here’s a bit more information:
Book written by Krueger - “What Makes a Terrorist - brings together disparate data, such as academic studies and government reports, arraying them into a concise, accessible argument against the notion that we can defeat terrorism through AID (my caps) and education. While Krueger is careful to affirm that these are useful in combating many social ills, he is adamant that terrorism is not one of them. He offers skilled analysis to show that an aggressive foreign policy based on this fallacious assumption has cost several nations dearly and also warns that continuing along this course may provoke further terrorist acts.”—Tony Azios, Christian Science Monitor
http://press.princeton.edu/titles/8465.html
“While at Treasury, Mr. Krueger worked on analyses of a variety of programs, including tax incentives to encourage employers to hire the employed, the cash for clunkers initiative to jump-start auto purchases and Build America taxable municipal bonds.”
http://davidwebbshow.com/2011/08/29/labor-economist-alan-krueger-to-fill-key-post
More of the same old....
It could have been Freddie Kruger, I guess.
I scanned that headline very quickly and thought he had named Krugman. Guess I won’t need that defibrillator after all.
"A Kuznets curve is the graphical representation of Simon Kuznets's hypothesis that economic inequality increases over time while a country is developing, and then after a certain average income is attained, inequality begins to decrease.
One theory as to why this happens states that in early stages of development, when investment in physical capital is the main mechanism of economic growth, inequality encourages growth by allocating resources towards those who save and invest the most. Whereas in mature economies human capital accrual, or an estimate of cost that has been incurred but not yet paid, takes the place of physical capital accrual as the main source of growth, and inequality slows growth by lowering education standards because poor people lack finance for their education in imperfect credit markets. "
If you voted for Obama in 2008 to prove you're not a racists, please vote for someone else in 2012 to prove you're not an idiot.
This appointment simply confirms my thoughts that Obozo is a Marxist.
Advantage? I don't think so. Assuming all the serious vetting took place during his first hearing, that leaves all the more time to explore the cluster flop during his first tenure.
I agree riri.
Something else...see how easily this guy seems to accept the following study to come to the conclusion that the US is not an exceptional nation....regarding economic mobility:
“Perhaps the only legitimate use of the intergenerational correlation in income is to characterize economic mobility. The data challenge the notion that the United States is an exceptionally mobile society. If the United States stands out in comparison with other countries, it is in having a more static distribution of income across generations with fewer opportunities for advancement.
Anders Björklund of Stockholm University and Markus Jäntti of the University of Tampere in Finland, for example, find more economic mobility in Sweden than in the United States. Only South Africa and Britain have as little mobility across generations as the United States.”
http://www.j-bradford-delong.net/movable_type/refs/Mozilla_Scrapbook/2002-11-15-krueger.html
Where is his BALANCE with regard to citing studies that prove exactly the opposite?
This is actually good news. It means he’s going to stick to his failed big gov policies.
I’d be concerned if he brought on some quasi-Repub pro business type.
LLS
LLS
...that from the get go has been tied to the destruction of our economy and continues to usher in it's fundamental change. That change is geared towards destroying the free market and creating a command economy on its ashes.
Obama does not intend to "fix" the economy or market as we understand it. He intends, as he told us, to fundamentally change it. That means bringing it down and creating one of his making and leaning in its place.
And he has been doing precisely that, with a will.
Rearranging the Deck Chairs on the Stinkin Garbage Barge named the “B.O. HUSSEIN!”
“Book written by Krueger - What Makes a Terrorist”
Good grief! The guy is a marxist economist..yet feels he is an expert on terrorism as well? The book actually doesn’t sound that bad btw..but I digress. On another note..the dude shown last week briefing Obama on the economy while he was at Martha’s Vineyard has his degree in political science. Is it any wonder that the Obama Administration is failing on every level?
They are handing out appointments based on loyalty to communist/marxist ideology instead of loyalty to this country or true expertise in a field of study or experience.
Too bad it’s not Diane Kruger, at least she is very easy on the eyes.
sunmars, please excuse me for adding this link on your post:
Flashback: Original story here:
http://economix.blogs.nytimes.com/2009/01/12/a-future-consumption-tax-to-fix-todays-economy/
excerpt:
In the short run, the anticipation of a consumption tax would encourage households to spend money now, rather than after the tax is in place. Along with the rest of the economic recovery package, this would help jump-start spending in the economy and thereby increase production and employment.
Idiot!
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