Source: Obama to Name Goolsbee ("Centrist economist") to Head Council

[Bluebear]

President Barack Obama has chosen one of his longtime economic advisers, Austan Goolsbee, to be the chairman of his Council of Economic Advisers, a White House official said.

Obama was expected to announce the appointment at the beginning of his news conference on Friday. The official spoke Thursday on condition of anonymity because the formal announcement had not been made.

Goolsbee, a University of Chicago professor of economics, is one of three economists on the council. He already has been confirmed to the council by the Senate...

Goolsbee, 41, was Obama's senior economic policy adviser during the 2008 presidential campaign. A graduate of Yale and the Massachusetts Institute of Technology, he is considered to be a centrist economist.

He gained unwanted visibility during the campaign after a Canadian consulate memo asserted that Goolsbee privately told Canadian officials that Obama's public statements on trade were "political positioning." Goolsbee disputed the claim.

http://abcnews.go.com/Business/wireStory?id=11599546

[Ken Burch]

1. Why the sell-out?

Obama had nothing to lose by appointing Elizabeth Warren. Now the rich have won.

We're past the time when any MORE compromises need to be made...

[BzaDem]

2. He is likely going to appoint Elizabeth Warren to the head of the Consumer protection agency.

The one she helped create.

Not the head of an advisory council without authority.

[Ken Burch]

3. He should have done a joint announcement about BOTH appointments

rather than let it sound like he was caving in to the corporados.

[BzaDem]

4. He wasn't caving at all -- this was entirely expected. He has been an economic advisor since the

campaign.

He also frequently bashes supply side economics, calls for the expiration of the Bush tax cuts on the wealthy, etc.

[SidDithers]

8. You want Warren as head of his Council of Economic Advisers?...

instead of the head of the Consumer Protection Agency?

Sid

[Chan790]

26. I sure don't. n/m

[Hekate]

5. Goolsbee and Elizabeth Warren = some good news when she's in too.

Thanks for posting this, Bluebear!

Hekate

[EFerrari]

6. So this is the guy that told the Canadians not to believe Obama's public statements

about repealing NAFTA.

[Name removed]

7. Deleted message

Message removed by moderator. Click here to review the message board rules.

[Selatius]

9. I really wish he'd name somebody with serious track record. I always favored Joseph Stiglitz.

That man knows how the economy works.

[chimpymustgo]

22. Obama is a CORPORATIST. Or don't you believe your lying eyes?

[Panaconda]

10. Free-marketeer cum laude

Austan Goolsbee U. of Chicago neoclassicist and “Sicko” critic and the fellow who told Canadian diplomats to discount Obama's "campaign rhetoric" against the North American Free Trade Agreement.

Goolsbee has written gushingly about Milton Friedman and denounced the idea of a moratorium on mortgage foreclosures.

[VMI Dem]

11. Pro-free trade? No..he's no centrist.

:rofl:

[Lost4words]

15. Chicago School, thats all that needs to be said

[Starry Messenger]

12. Whut.

WHO considers him a centrist? I feel like I'm taking crazy pills.

[QC]

16. You never really loved him!

:cry:

[Starry Messenger]

20. Let's just say this song goes through my head a lot these days...

Next time I'll just write in "Milton Friedman's Corpse/Bill Gates", lol. Evidently this is what I wanted, according to many here.

[Dr.Phool]

19. Another Friedmanomics Fraud.

Turning the US into Chile, one appointment at a time.

[gkhouston]

25. It's a typo. Should have been sin-tryst.

A toasty afterlife awaits the folks who have been fucking over the economy. :evilgrin:

[lib2DaBone]

13. A 5 year moratorium on foreclosures...

That's exactly what Mr. Obama should do... along with dumping NAFTA.

NAFTA gave us the SHAFTA.

[Lost4words]

14. oh goody more of the same!

more Chicago School terror, stay tuned.

[Dr.Phool]

21. Geithner, Goolsbee, Summers, Rubin. The Four Horsemen of the Economic Apocalypse.

Throw in Bernanke, and you've got an invading army.

[KoKo]

23. +1..

It does seem that way. Thanks for the context...:D

[QC]

28. +2

[Individualist]

30. +3

[QC]

17. Nobody at Goldman Sachs wanted the job? n/t

[Bluebear]

24. --

:spray:

[Raineyb]

18. Another one from the Chicago school? Haven't they done enough god-damned damage

to this country?

Sheesh!

[Hell Hath No Fury]

27. Is he fucking trying to kill us?

Seriously, Ghoulsbee??? Jesus fucking christ on a cracker, we are drowing and he just tossed an ancho in our arms. :puke:

[Ignis]

29. Thank you, sir, may I have another?

:argh:

[bvar22]

31. All HAIL the Giant Invisible Hand!

The Giant Invisible Hand will save us ALL!
Must NOT make the Giant Invisible Hand Angry!
MUST sacrifice the Working Class.
The Invisible Hand DEMANDS it!
All Hail the Giant Invisible Hand!!!


There is no such thing as a "Free Market".
There is no such thing as "Free Trade".
There is no "Invisible Hand".
The RICH made that shit up and used smooth talking politicians to SELL it to a gullible America.

If you Work for a Living, do NOT trust ANY politician who expresses a belief in a Giant "Invisible Hand" or a "Free Market". Neither exists, and that politician is NOT your friend.


"There are forces within the Democratic Party who want us to sound like kinder, gentler Republicans. I want us to compete for that great mass of voters that want a party that will stand up for working Americans, family farmers, and people who haven't felt the benefits of the economic upturn."---Paul Wellstone