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Obama Taps Krueger To Lead Economic Panel

August 29, 2011 by  

WASHINGTON, Aug. 29 (UPI) — President Obama announced Monday that Alan Krueger was his choice to succeed Austan Goolsbee to lead the Council of Economic Advisers.

“Alan brings a wealth of experience to the job [and is] one of one of nation’s leading economists,” Obama said.

If confirmed by the U.S. Senate, Krueger will continue the CEA’s work of developing and offering Obama economic advice on formulation of domestic and international economic policy, the White House said in a release.

The council bases its recommendations “about what will do the most good for the country” on economic research and empirical evidence, Obama said, “not what’s best for a political party or special interest.”

Obama said he would be outlining in a speech next week initiatives Congress could consider soon after it returns from its August break that would help get the economy working.

The initiatives historically have enjoyed bipartisan support and are plans that “everybody can get behind,” Obama said.

Krueger previously was chief economist for the U.S. Treasury and has support from both Democrats and Republicans.

Filed Under: Business, From The Wire, Liberty News
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  • s c

    Ho hum. Let’s list Krueger’s flaws. First, Obummer wants to appoint him. Second, Obummer assumes that the CEA serves a functional purpose (and Krueger will somehow do what no one else has been able to do). Third, Krueger is supposedly ‘one of the nation’s leading economists.’ Fourth, Obummer dares to talk about the value of empirical evidence (he probably never heard of empirical evidence until about a week ago).
    Fifth, Obummer uses ‘bipartisan support’ like a whip. Sixth, Krueger has support from Democrats and Republicans. BFD!
    I could add to the list, but it would be overkill. Obummer doesn’t know squat about economics or economists. Krueger is probably a political plant. Hey, Obummer, you should have made the guy a czar. Then you could bypass Congress and the American people – AGAIN.

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