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Obama Adviser Leaves Post Amid Downturn

June 9, 2011 by  

A top Obama economic adviser has left his post.As the economy remains stagnant under the watch of President Barack Obama, one of the President’s top economic advisers has decided to retreat into academia.

Austan Goolsbee stepped down as the Chairman of the President’s Council of Economic Advisers after spending less than a year in the position, reports The Associated Press. He will reportedly return to his teaching role at the University of Chicago Graduate School of Business.

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

Fox News reports that Goolsbee’s departure could indicate that Obama is ready to try another approach to solving the country’s economic woes, as citizens grow angry at rising gas prices and little job growth.

According to the Labor Department, the unemployment rate increased to 9.1 percent in May.

“Our economy is not creating enough jobs, and Democrats’ binge of taxing, spending, borrowing and over-regulating is a big part of the reason why,” House Speaker John Boehner (R-Ohio) said.

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  • Robin from Arcadia, IN

    Another one bites the dust! He is getting out while the getting is good. He knows his ‘advice’ isn’t working and doesn’t want to be around when everything goes bust!

    • eddie47d

      It’s all about following the money. So much for saying government workers get paid so much more for the same work in the private sector.

  • DanB

    When you throw people “under the bus” habitually, then no one wants to stay around for when they will be “thrown under the bus.” I think it speaks volumes that these people do NOT stay around through the hard times.

    • Warrior

      Bye Bye and don’t let the door hit you in the A** on the way out.

      • Carol

        You truely made my day and I truely needed it so very much so Thank You so very much.

  • Annie

    Does anyone think or believe that keynesian economics is working or would even begin to work. Why in the world would anyone in the U.S. vote for a person who adheres to communist keynesian economics. It is clear that most Americans are illiterate when it comes to basic economics. Goolsbee, just Romer, Bernstein, Summers, Furman, et al, are all academic keynesian economists who finally had their chance to run our economy right into the ground with their socialism. And they did succeed haven’t they folks. Hey, just as President Reagan asked when campaigning against Jimmy Carter in 1979……”are you better off today than you were in 1976?” Those people who voted for this bunch of idiots should either NOT go out to vote in 2012, or GET THEIR HEADS OUT OF THE SAND!

    • mounted shooter

      Do you mean ….head out of their a**

  • Raggs

    Doesn’t this only leave one that needs to run for the hills?

  • 45caliber

    A rat leaving a sinking ship?

    • Carol

      I don’t know whether he is rat but he sees a the ship going down and he would rather not be there.

      • JUKEBOX

        Obama is standing on the bridge of the Titanic, and telling everyone to keep on enjoying the entertainment, because everything is going to be all right.

  • Joey Biden

    They should all leave including Obama.

    • Carol

      I couldn’t agree with you more if I tried he needs to get gone TODAY.

  • http://none Bettie

    If all his advisors would, leave that would help. You would have to be pretty stupid not to see what is happening. Why not impeach this president? There is enough wrong doing to get him sent away. What does it matter if he is black. He is only half black anyway. So impeach the white half. I am white and I sure do not care if they impeach him.

    • Ret

      Ya got that right. I can’t understand the gutless wonders in Congress, of both parties, who continue to look the other way. Illegals on welfare, food stamps, Obummercare, 80,000 muslims coming in via executive order, getting into a ‘conflict’ in Syria without going through Congress, but directly to the UN??? And the stupidity of saying how safe the Mexican border is? Talk about drinking too much Koolaid. the potus needs to go back to Chicago with his thugs and bullies.

      • JUKEBOX

        I don’t think they reaaly like a bi-racial dumb ass.

  • Bob from Calif.

    I guess the roach motel needs some more sticky mats on the floor.


    Yep, it’s time to head out after making a frigging mess of the financial sector and the econimic situation here and world wide. May as head back to the Academic class room where that theory garbage is preached like it was gospel and stay out of the real world where logic has to work….Dummasses

  • Carol

    Everybody is now realizing what an idiot he truely is and they are saying bye bye at last because I am sure they realize what they got into and they don’t like it one little bit.

  • Bert Cundle

    To late for Obomba to get Osoma to take his place…

  • Bert Cundle

    He’s not getting out for Higher Stud fees, Like Bonner will.

  • i41

    This person is leaving not because of the bi-racial niggardly muslim, it is because ofthe niggardly muslim ingrained belief of marxism/communist infestation of this regeime. With the Nazi Traitor Soros providing the money and issuing the orders, the cadre of mental morons of the marxist/communist democrat smucks doing what every Soros wants. From meddling and their srewing citizens with all the finanical mess, this marxist/communist “party” creates and keeps making it worse every day. Their theories and book learning has sure proved what dumb bastards democrats will put in to office.


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