There has been no development in the economic system with President Obama. This is why he is getting a whipping from all sides. In the recent jobs speech he delivered in Cleveland, he appeared to be somewhat disconnected when it comes to understanding “the plight of the middle class,” as Arianna Huffington puts it. ”Not everything we’ve done throughout the last two years has worked as easily as we had hoped, and I am keenly aware that not all our policies are popular,” was what Obama said. The Wall Street Journal explains that longtime adviser Austan Goolsbee likely got nominated for chair of the White House Council of Economic Advisors because of this. Goolsbee is a step closer. He already satisfied the Senate. Source of article – Senate confirms Austan Goolsbee as economic council chair! by Personal Money Store.
Austan Goolsbee was before known as a university economist and advisory board member
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. Many 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.
During Obama’s first year, Goolsbee is said to have helped draft some policies. The WSJ reports that these contain health care access, higher education aid and the energy push. The president’s “New Foundation” for middle-class economic security is what these are supposedly for. The Huffington Post explains this.
Anything Austan Goolsbee wants may not be what we want
Unemployment continues to plague America, and economic recovery throughout the current recession has been sluggish at best. Everybody seems angry about this, including Democrats, and firings are being discussed. These would contain firing Treasure Secretary Tim Geithner and National Economic Council Director Larry Summers. The WSJ explains that hiring on Austan Goolsbee as the White House Council of Economic Advisors leader is not going to change anything we don’t like.
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
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