President Barack Obama has had a lot of individuals angry with him about how the economic system hasn’t developed at all. In a speech he made in Cleveland, he was, when it comes to understanding “the plight of the middle class,” really disconnected, says Arianna Huffington. Obama said “Not everything we’ve done during the last two years has worked as quickly as we had hoped, and I am keenly aware that not all our policies have been popular.” The Wall Street Journal explains that longtime adviser Austan Goolsbee likely got nominated for chair of the White House Council of Economic Advisors as a result of this. Goolsbee already cleared Senate and doesn’t have to worry anymore.
University economist and advisory board members is what Austan Goolsbee was known as before
Austan Goolsbee works at the University of Chicago business school where he is an economist when also working on Obama’s Economic Recovery Advisory Board as the executive director. Numerous speculate, says the WSJ, that as a result of personal friendship and association with the administration’s inner circle, Goolsbee got the job as the White House Council of Economic Advisers chairman. Goolsbee will replace former Economic Advisers chairwoman Christina Romer.
Goolsbee is rumored by the WSJ to have helped with the health care bill, higher education aid and also the energy push to create jobs by drafting policies with Obama. The president’s “New Foundation” for middle-class economic security is what these are supposedly for. The Huffington Post explains this.
Austan Goolsbee may not be what we want
Joblessness numbers in The United States have continued to go up. At the very same time, the economic recession is not recovering as we’d hope also. There might be firings of Treasure Secretary Tim Geithner and National Economic Council Director Larry Summers as most are mad, even as Democrats. But placing Austan Goolsbee in charge of the White House Council of Economic Advisers isn’t really a sign of new policies to come, writes the WSJ.
Additional reading
Sun Times
blogs.suntimes.com/sweet/2010/09/obama_cleveland_jobs_speech_tr.html”>Chicago Sun-Times
Huffington Post
huffingtonpost.com/arianna-huffington/obama-insists-he-made-the_b_711515.html?utm_source=DailyBrief and utm_campaign=091010 and utm_medium=email and utm_content=FeatureTitle
Wall Street Journal
online.wsj.com/article/SB10001424052748704644404575482661827896950.html?mod=WSJ_hpp_MIDDLETopStories
Austan Goolsbee on CNN’s “Late Edition,” Sept. 21, 2008
youtube.com/watch?v=TKvMfVntY2g
