Washington (CNNMoney) - President Obama on Monday nominated Alan Krueger to run his Council of Economic Advisers, moving to fill an important vacancy on an economic team that has undergone a nearly total makeover.
Krueger, 50, a Princeton University economics professor, would step up to the vacancy created by the departure of Austan Goolsbee.
Too little too late for Obama. He had the perfect setup in Washington with control over both houses and accomplished little. It's hard to hand your laurels on a heal care plan that 57% of the country wants repealed. Sure, he needs to try and shake things up, but he can only blame himself for his policy failures.
Another dang professor. When will Obama ever learn?
As long as the repugs can halt all efforts by the President and his administration to improve the economy, and still place all of the blame on the dems for economic failures, it won't matter who is the top economic advisor.
More stimulus from the Federal Government is the fastest way out of this mess. It worked to turn the economy around during President Obama's first year, and it is needed again.
The first year of his presidency, GDP went from MINUS 6.8% to 4% GAINS. Jobs were lost at the rate of over 750,000 the month before President Obama took office; a year later we had positive private sector job gains. Yet lying repugs claim the stimulus was a failure, and refuse to consider any more. Their only goal is to make Obama a one term president.
The Republican National Committee criticized Krueger for a 2009 New York Times article he wrote proposing a 5% value-added tax on goods - a move that could raise $500 billion a year.
Well, that just says it all... Obama wants more taxes and he appoints somebody that thinks we need more taxes. More "progressive" inbreding in this disasterous administration. Of course since the Democrats don't want to cut any spending, they'll need a 15% VAT tax to eliminate the yearly deficit. At that point, the USA will become another failed European socialist state complements of the Democrats and Obama. 2012 can't come soon enough.