Friday, September 10, 2010
Obama Names Goolsbee to Lead White House Economy Panel
President Obama has appointed Austan Goolsbee to lead the Council of Economic Advisers. This is after Christina Romer left her position to return to teaching at the University of California at Berkeley. Goolsbee will lead President Obama’s economic team looking for ways to spur economic growth, especially in the area of employment. Despite some past clashing, many of Goolsbee’s colleagues feel he is the right person for the position. Leading the CEA is often the stepping-stone to other economic positions, including those on the Federal Reserve. Be prepared to see Goolsbee’s name regularly in economic headlines.
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I think the relationship between Goolsbee and Obama will be very interesting to see. On one side, his beliefs with tax cuts seem to be different seeing he does not think that the Reagan tax cuts changed investments or labor incentives. He does think it wouldn't be a bad idea to lower corporate tax rates if there was fewer credits and deductions. Obama has made an overall good pick if he is still trying to set deals with a more Republican Congress.
ReplyDeleteI look at his profile on Wikipedia and Goodness! He is a prof at Chicago. Hopefully he will make some substantial contribution to avert the economic plunge in the US.
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