United States Senate selects economic council chair to be Goolsbee

There has been no development within the economic system with President Barack Obama. This is why he is getting a whipping from all sides. Arianna Huffington says that when it comes to understanding “the plight of the middle class,” he is really disconnected or at least seemed to in his speech in Cleveland. ”Not everything we’ve done during the last couple of years has worked as easily as we had hoped, and I’m keenly aware that not all our policies are popular,” was what Obama said. The reason why Goolsbee was given the position of chair of the White House Council of Economic Advisors was because of this. That is what the Wall Street Journal said. Goolsbee already cleared Senate and doesn’t have to be worrying anymore.

Austan Goolsbee was an advisory board member and university economist

Goolsbee is doing more than just being the executive director of Obama’s Economic recovery Advisory Board. He also is an economist at the University of Chicago business school. Many think that Goolsbee got White House Council of Economic Advisors chairman as a result of personal reasons. WSJ says it might have been because of an association with the administrations inner circle also as a personal friendship. Goolsbee will replace former Economic Advisers chairwoman Christina Romer.

Goolsbee is rumored by the WSJ to have helped with the health care bill, higher education aid and also the energy push to create jobs by drafting policies with Obama. The president’s “New Foundation” for middle-class economic security is what these are supposedly for. The Huffington Post explains this.

We may not want the change Austan Goolsbee will bring

The economic system does not seem to be recovering as easily as hoped while joblessness in America is nevertheless huge. There may be firings of Treasure Secretary Tim Geithner and National Economic Council Director Larry Summers as many are mad, even as Democrats. Austan Goolsbee in charge of the White House Council of Economic Advisors might not actually help the country at all. The WSJ thinks it will mean every little thing 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