President Obama has nominated Princeton University Professor Alan Krueger to be chairman of the White House Council of Economic Advisors. Saying that "I have nothing but confidence in Alan as he takes on this important role," Obama described him as one of the nation's leading economists.
Nonsense! Washington needs to stop listening to these allegedly high-minded academics who have helped get us into this fouled-up economy.
"Cash for Clunkers"? Please! Enough with academics from Princeton, Harvard, Chicago and Yale who have never run a business nor created a single private sector job, It is long past time for us to put a business person in this post, someone who has actually created jobs.
This has got to stop. NO MORE LIBERAL PROFESSORS getting top administration jobs! If you must have an academic, however, why not try someone on the faculty at Eureka College where my dad Ronald Reagan got his degree in Economics. It worked for him and it worked for the good old USA! Krueger, 50, described as a "labor specialist" who served in the Treasury Department earlier in the Obama administration, will succeed Austan Goolsbee, who has now returned the University of Chicago. According to Obama, Krueger is "a key voice on a vast array of economic issues for more than two decades. Alan understands the difficult challenges our country faces, and I have confidence that he will help us meet those challenges as one of the leaders on my economic team."
Fox News reported Monday that, according to one administration official, "Krueger's job will be to provide policy prescriptions on ways to spur employment… [he] has worked on several analyses at Treasury, including the impact of tax incentives to encourage employers to hire, the 'cash for clunkers' program to expand vehicle purchases, the Small Business Lending Fund and Build America taxable municipal bonds."
He was previously employed as the chief economist at the Labor Department during the Clinton administration, and has published studies on job growth, the minimum wage, and the economic backgrounds of terrorists.
Impressive. But this nation's phenomenal growth in a mere 200 years from a collection of British colonies to the world's leading financial colossus was hardly the result of the labors of college economics professors working in government jobs. It was ordinary Americans, most without college degrees or even high school diplomas, who rolled up their sleeves and built the world's most advanced nation from the plains and forests of a largely undeveloped new world.