Goolsbee Leaving as Top Economic Adviser

[abelenkpe]

Goolsbee Leaving as Top Economic Adviser

http://thecaucus.blogs.nytimes.com/2011/06/06/goolsbee-leaving-as-top-economic-adviser/

Austan Goolsbee, a longtime adviser to President Obama and the only economist left on his core economic team, plans to leave as chairman of the Council of Economic Advisers by September after a year in the job to return to the University of Chicago.

With the recovery flagging, the White House is eager to name a successor to Mr. Goolsbee this summer and is considering several academic economists, an administration official said on Monday. The job requires Senate confirmation.

“Since I first ran for the U.S. Senate, Austan has been a close friend and one of my most trusted advisers,” Mr. Obama said in a statement late Monday. “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.”

(more at link)

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Bummer! I actually liked Austan Goolsbee. Wonder who will replace him? Would prefer if all the banker friendly folk would be replaced with academics like Goolsbee really...

What do you all think?

[theophilus]

1. I'm glad he is going. I saw him on Colbert and he was basically

a Republican. Colbert made a statement that "Government never created one single job" and tried several times to get Goolsbee to argue the point. He would not. It shocked Colbert that Goolsbee wouldn't disagree that Government has never created a single job.

[abelenkpe]

5. I saw that too!

I was sooooo disappointed that he didn't argue that point. O well....let's just hope he's replaced with someone intelligent and not tied to the banks. :)

[Myrina]

2. Paging Paul Krugman ... Mr. Paul Krugman, please pick up the courtesy phone ...

AMERICA NEEDS YOU !!!!

[xchrom]

3. Good. Part of the top down problem.

Not that Obama will replace him with bottom up kinda person.

[scarletwoman]

4. Robert Reich, Joseph Stiglitz, Paul Krugman -- I'd be more than happy with any one of them.

Unfortunately, Obama will no doubt pick another true believer neoliberal.