Austan Goolsbee, Chief Economic Advisor, Resigning!

WASHINGTON (CNN) -- President Obama's top economic adviser, Austan
Goolsbee, is leaving the administration to return to the University of
Chicago, the White House announced Monday.

http://money.cnn.com/2011/06/06/news/economy/obama_goolsbee/index.htm

Sorry don't have time to read the link right now but I will so thanx for the good news Exhausted99er.....



Next to go we hope will be Mr. Tim 'I-Luv-Outsourcing' Geithner.

Yes, hope Mr. Outsourcing Geithner is next on the chopping block. Don't think Goolsbee went voluntarily, but they will never admit that.

Obama said, Goolsbee helped steer our country out of the worst economic crisis since the Great Depression. What the?



WASHINGTON (CNN) -- President Obama's top economic adviser, Austan Goolsbee, is leaving the administration to return to the University of Chicago, the White House announced Monday.
Goolsbee has been an outspoken defender of Obama's policies as the U.S. economy struggles to find its footing following the steep recession of 2007-09. In a statement announcing Goolsbee's departure, Obama called him "a close friend" and "one of America's great economic thinkers."



"Over the past several years, he has helped steer our country out of the worst economic crisis since the Great Depression," Obama said. "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."

The White House announcement did not name a successor.

Now, it is Robert Reich to return. This would make many of us feel much better.

gigichicago wrote:Obama said, Goolsbee helped steer our country out of the worst economic crisis since the Great Depression. What the?



WASHINGTON (CNN) -- President Obama's top economic adviser, Austan Goolsbee, is leaving the administration to return to the University of Chicago, the White House announced Monday. Goolsbee has been an outspoken defender of Obama's policies as the U.S. economy struggles to find its footing following the steep recession of 2007-09. In a statement announcing Goolsbee's departure, Obama called him "a close friend" and "one of America's great economic thinkers." "Over the past several years, he has helped steer our country out of the worst economic crisis since the Great Depression," Obama said. "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." The White House announcement did not name a successor.

That's quite a letter of recommendation.....especially since our country is still in the midst of the worst economic crisis since the Great Depression.....& especially since Goolsbee mainly gave press conferences consisting of vague & unclear statements. Holey Cow.

by gigichicago Today at 22:12

Obama said, Goolsbee helped steer our country out of the worst economic crisis since the Great Depression. What the?





https://www.youtube.com/watch?v=2x5-38LJ8N4&feature=related

elvis44102 wrote:by gigichicago Today at 22:12

Obama said, Goolsbee helped steer our country out of the worst economic crisis since the Great Depression. What the?





[url=https://www.youtube.com/watch?v=2x5-38LJ8N4&feature=related

https://www.youtube.com/watch?v=2x5-38LJ8N4&feature=related[/quote[/url]]

Thanks elvis, I needed a good laugh. Sooooooo funny!

I'd love to see Paul Krugman step in.

Check out how much money Goolsbee will be making at the University of Chicago. This loser should be unemployed and see what it's like to search for work day-after-day.


http://www.washingtonpost.com/business/obama-adviser-goolsbee-returns-to-university-of-chicago/2011/06/07/AGEFNyKH_video.html

This is at least the fourth economic adviser who has resigned their position under Obama. Remember Christine Romer ? They all got tired of trying to spin terrible numbers for the good of the team. This clearly shows NO LEADERSHIP at the top.

I would also think he will receive a govt. pension for the time he served !

gigichicago wrote:Obama said, Goolsbee helped steer our country out of the worst economic crisis since the Great Depression. What the?

The economy is indisputably in better shape that it was during that last few months of the Bush Lost Years. No one denies that we have a long way to go although Republican politicians primarily see the budget as an issue much more important than jobs and unemployment.

Things are definitely not better for us exhaustees since the GOP has no appetite for extending unemployment aid. We have no money, so apparently we don't interest them. Instead, their focus is on a vague, scary vision of some kind of imagined debt crisis somewhere down the road with some kind of dire consequences, even though their inability to avoid the oft predicted financial meltdown shows that the GOP has a dismal record with their soothseeing. In any case, perhaps we should worry about concrete, real life problems that are hitting us right here and right now, not things that might or might not happen years or decades into the dark unknown.


Supposedly to revive the economy and supposedly to put a happy ending on their frightening fairy tale about the future, the GOP plan to hand the rich and the mega-corporations even more tax breaks, while slashing Medicare, Medicaid, and even Social Security. Don't even mention extending a further lifeline to the unemployed. Key Republicans have made the Party's opinion of us abundantly clear. Besides which, they have another sad, scary fairy tale in which we are "broke" and "just like Greece" and facing a certain near future of pushing wheelbarrows full of dollars just to buy a loaf of bread.

Handing the rich (those so-called, but disproven "job creators") more in the way of tax reductions hasn't worked its magic these past six months. Of course, we know that during the Bush years those generous tax cuts coincided with a net job loss. If handouts to the rich don't miraculously produce sufficient jobs, the Republicans have no plan B. They rejected closing loopholes that help the offshoring of jobs. They propose nothing in the way of job creation. In fact, trimming government is guaranteed to cost hundreds of thousands of layoffs directly, and then hundreds of thousands more indirectly - a recipe for worsening the jobs crisis.

That said, I wish someone like Krugman or Reich had been appointed in his place. Of course, the GOP would have had a fit about either of them.

stansmad wrote:This is at least the fourth economic adviser who has resigned their position under Obama. Remember Christine Romer ? They all got tired of trying to spin terrible numbers for the good of the team. This clearly shows NO LEADERSHIP at the top.

Who are the other two advisers? Two people have resigned from the post we are discussing. I can't imagine anyone surviving as chief economic adviser during a Great Recession. I'd have gone flying back to something like teaching in a day.

Please, please, please let Krugman or Reich be the replacement.

truth wrote:

stansmad wrote:This is at least the fourth economic adviser who has resigned their position under Obama. Remember Christine Romer ? They all got tired of trying to spin terrible numbers for the good of the team. This clearly shows NO LEADERSHIP at the top.

Who are the other two advisers? Two people have resigned from the post we are discussing. I can't imagine anyone surviving as chief economic adviser during a Great Recession. I'd have gone flying back to something like teaching in a day.

Please, please, please let Krugman or Reich be the replacement.

Larry Summers and Peter Orszag were also a part of his economic team who have resigned.

Thanks for refreshing my memory, stansmad. I'm not a bit sad over their departure, and I hope the door hit Summers in the arse on his way out. Obviously, I prefer economists whose sympathies tend to lie with the broad American public rather than with Wall Street and big banks.