Senate verifies Austan Goolsbee as economic council chair

President Barack Obama has had a political beating from every side over how he’s got managed the economy. 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 explained to the individuals, “Not everything we’ve done over the last two years has worked as easily as we had hoped, and I am keenly aware that not all our policies are popular.” This is probably the reason, says the Wall Street Journal, that Goolsbee was given the position of chair of the White House Council of Economic Advisors. Goolsbee is a step closer. He already cleared the Senate. Resource for this 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 is at the moment an economist at the University of Chicago business school, also as the executive director of Obama’s Economic Recovery Advisory Board. 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 previous Economic Advisers chairwoman Christina Romer.

The WSJ reports that Goolsbee assisted in drafting policies during Obama’s first year, including expanded health care access, higher education aid and an energy push to generate jobs. These areas are part of the president’s “New Foundation” for middle-class economic security – at least in theory, says the Huffington Post.

Austan Goolsbee may not be what we want

Joblessness numbers in America have continued to go up. At the very same time, the economic recession isn’t recovering as we’d hope also. Outrage has been palpable, even in Democratic circles, where the potential firings of Treasure Secretary Tim Geithner and National Economic Council Director Larry Summers are discussed openly by lawmakers. Goolsbee in charge of the White House Council of Economic Advisors may not actually help the country at all. The WSJ thinks it will mean anything will stay the same.

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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