Obama to Nominate Princeton Professor as Head of Economic Advisers Team

Fox News ^ | August 29, 2011

[chickadee]

As President Obama prepares his jobs plan speech, he's also filling out his economics team, preparing to nominate Princeton University's Alan Krueger to be chairman of the White House Council of Economic Advisers.

<----> snip

Krueger, 50, a labor specialist who served in Obama's Treasury Department in the first two years of the administration, returns to Washington to succeed Austan Goolsbee, who is now back at the University of Chicago.

A senior administration official told Fox News on Monday that Krueger's job will be to provide policy prescriptions on ways to spur unemployment. Obama was expected to announce his nominee, who has already been confirmed by the Senate once, for the post.

[chickadee]

I don't know if that was a "slip" by Fox, or a direct quote, but the last thing the country needs is to look for ways to "spur" unemployment. Their present policies have "spurred" it enough.

[fatrat]

Ditto!!!!!

[chickadee]

I did forget to mention that he is really, really cute.

[rightwingintelligentsia]

Oh, great; another useless academic directing national economic policy.

[Don Corleone]

Another “egghead” professor who has never produced a payroll or anything that resembles an actual job. God save the Republic as we start another round of teachers lounge debates.

[Buckeye McFrog]

“spur” = “threaten and blackmail”

“You guys start hiring right friggin’ now or we’ll make our campaign all about public floggings in Yankee Stadium for you Eeeeeevil Grrrrrreeedy Cash Hoarding Corporations”.

Aside from that, just what we need....another Ivy Leaguer formulating unworkable policies.

[Pan_Yan]

Alan Bennett Krueger (born September 17, 1960) is an American economist, Bendheim Professor of Economics and Public Affairs at Princeton University and Research Associate at the National Bureau of Economic Research. On March 7, 2009, he was nominated by Barack Obama to be United States Assistant Secretary of the Treasury for economic policy.[1] In October 2010, he announced his resignation from the Treasury Department, to return to Princeton University.[2] He is among the 50 highest ranked economists in the world according to IDEAS/RePEc.

Krueger developed and applied the method of natural experiments to study the effect of education on earnings, the minimum wage on employment, and other issues.

Krueger compared restaurant jobs in New Jersey, which raised its minimum wage, to restaurant jobs in Pennsylvania, which did not, and found that restaurant employment in New Jersey increased, while it decreased in Pennsylvania.[3]

In his book, What Makes a Terrorist: Economics and the Roots of Terrorism, (2007), he wrote that in contrast to the assumption that terrorists come from impoverished, uneducated environments, terrorists often come from middle-class, college-educated backgrounds.[citation needed]

From 1994-95 he served as Chief Economist at the United States Department of Labor. He received the Kershaw Prize, Mahalanobis Prize, and IZA Prize (with David Card), and is a fellow of the American Academy of Arts and Sciences, Society of Labor Economists, Econometric Society and American Academy of Political and Social Science. He is a member of the Executive and Supervisory Committee (ESC) of CERGE-EI.

Krueger received his Bachelor's degree from Cornell University's School of Industrial & Labor Relations (with honors), and in 1987 he received his Ph.D. in Economics from Harvard University. He has also published many books on issues related to education, labor markets and income distribution. He is also known for his work on the Environmental Kuznets Curve. Krueger grew up in Livingston, New Jersey, and graduated from Livingston High School in 1979.

And as a bonus he has crazy eyes:

[The Sons of Liberty]

...Krueger, 50, a labor specialist ...

"Labor specialist" - codeword for union butt boy?

FUBO GTFO !

[ken21]

wow!

i’ll bet he’ll fix unemployment immediately!

/s

[driftdiver]

How surprising that BO turned to yet another purfessor for guidance on business.

[Siena Dreaming]

So, does this guy have any background in business or growing an economy?

No, his resume consists of cash for clunkers and STUDYING TERRORISTS' ECONOMIC BACKGROUNDS.

[Mr. Bird]

Krueger developed and applied the method of natural experiments to study the effect of education on earnings, the minimum wage on employment, and other issues. Krueger compared restaurant jobs in New Jersey, which raised its minimum wage, to restaurant jobs in Pennsylvania, which did not, and found that restaurant employment in New Jersey increased, while it decreased in Pennsylvania.[3]

That's rich.

[the invisib1e hand]

it’s all gonna be ok now.

[SumProVita]

“No, his resume consists of cash for clunkers and STUDYING TERRORISTS’ ECONOMIC BACKGROUNDS.”

AND explaining that the US is NOT an exceptional nation in terms of economic mobility.

http://www.j-bradford-delong.net/movable_type/refs/Mozilla_Scrapbook/2002-11-15-krueger.html

[the invisib1e hand]

pissa. that's what they said about obama and timothy geithner.

Women shouldn't be allowed to vote.

[isthisnickcool]

The guy has less business experience than a paperboy or two girls running a lemonade stand.

[meyer]

...he is really, really cute.

So is a golden retriever, but I wouldn't want it in charge of economic policy!

[ken5050]

I read..”Princeton”, and “KRUG...” and I said...NO..not PAUL KRUGMAN

[ilovesarah2012]

Arthur Betz Laffer (play /ˈlæfər/;[1] born August 14, 1940) is an American economist who first gained prominence during the Reagan administration as a member of Reagan's Economic Policy Advisory Board (1981–1989). Laffer is best known for the Laffer curve, an illustration of the theory that there exists some tax rate between 0% and 100% that will result in maximum tax revenue for governments. He is the author and co-author of many books and newspaper articles, including Supply Side Economics: Financial Decision-Making for the 80s. Laffer is Policy Co-Chairman (with Lawrence "Larry" Kudlow) of the Free Enterprise Fund. Life and career Laffer was born in Youngstown, Ohio, the son of Marian Amelia "Molly" (née Betz), a homemaker and politician, and William Gillespie Laffer, a president of the Clevite Corporation.[2][3][4] Laffer received a BA degree in economics from Yale University in 1962. He graduated from Stanford University with an MBA in 1965 and a PhD degree in economics in 1971. Laffer was a tenured professor at the University of Chicago Graduate School of Business at the time of his discussion of the Laffer Curve with Nixon/Ford administration officials. Later on, after leaving University of Chicago and during his tenure at the University of Southern California, Marshall School of Business, Laffer played a key role in the writing of Proposition 13, the California property tax cap initiative that inspired similar initiatives in other states. During the mid-1980s, Laffer left to teach at Pepperdine University in nearby Malibu. Laffer remained on the faculty for several years. In 1986, Laffer was a Republican primary candidate for the US Senate in California. (Congressman Ed Zschau won the nomination and lost in the general election to the incumbent Democrat, Alan Cranston). Laffer identifies himself as a staunch fiscal conservative and libertarian. He has stated publicly that he voted for President Bill Clinton in 1992 and 1996.[5] Laffer references President Clinton's conservative fiscal policies as cornerstones of his support.[6] He was named a Distinguished University Professor of Economics by Mercer University (Georgia) in 2008.[7] http://en.wikipedia.org/wiki/Arthur_Laffer I don't see where Laffer ever ran a business or made a payroll. Politicians always choose academics it seems.

[MNJohnnie]

So rather then learn from his errors, 0 is going to cling to his economic dogma and keep repeating the same errors over and over and over.

Worst President ever.