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Austan Goolsbee to leave White House (Abandon Ship!)
Politico ^ | 6/6/11 7:26 PM ED | MIKE ALLEN

Posted on 06/06/2011 5:47:12 PM PDT by TSgt

Austan Goolsbee, chairman of the White House Council of Economic Advisers, plans to return to teaching economics at the University of Chicago this fall, the White House announced Monday night.

Goolsbee has been on leave for four years from the university’s Booth School of Business and could have lost his tenured position at Chicago, where he was a professor for 14 years before joining the administration, if he did not return, an official said.

Goolsbee, one of Obama’s longest serving aides, was an economic adviser on the 2004 Senate campaign, and the senior economic adviser on the 2008 presidential campaign.He was appointed to the Council of Economic Advisers when Obama became president, and was made chairman when Christina Romer resigned last September to return to the University of California at Berkeley.

“Since I first ran for the U.S. Senate, Austan has been a close friend and one of my most trusted advisers,” President Barack Obama said in the White House’s announcement. “Over the past several years, he has helped steer our country out of the worst economic crisis since the Great Depression, and although there is still much work ahead, his insights and counsel have helped lead us toward an economy that is growing and creating millions of jobs. He is one of America’s great economic thinkers.”

Goolsbee’s departure once again puts the president’s economic team in flux. National Economic Council chairman Larry Summers left the administration at the beginning of the year, replaced by Gene Sperling, who served in that job under President Bill Clinton. Jared Bernstein, Vice President Biden’s chief economic adviser, left last month.

Treasury Secretary Tim Geithner is the only senior official remaining from the economic team that inherited a financial crisis and recession when Obama took office.

In the past few months, Goolsbee has been one of the few White House officials who has felt comfortable discussing economic issues on television. Colleagues say he lightens up the West Wing, and he made his mark on social D.C. when he won a “Funniest Celebrity in Washington” contest.

“While I am looking forward to returning home to Chicago, I will always be proud of the years I have spent working for this President,” Goolsbee said. “I believe that his judgment, his courage in confronting the worst economic crisis of our lifetimes, and his commitment to the American people have made a tremendous difference for the nation.”

Bloomberg News first reported that Goolsbee was considering returning to Chicago.


TOPICS: Breaking News; Business/Economy
KEYWORDS: back2coeds4jollies; bho44; bhoeconomy; deckchairs; epicfailure; goolsbee; leadfromtheass; ontherighttrack; ratsjumpingship; recoverysummer2; resignation; spend2grow; titanic; tittergate
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Abandon ship!
1 posted on 06/06/2011 5:47:14 PM PDT by TSgt
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To: TSgt

2 posted on 06/06/2011 5:48:45 PM PDT by TSgt ("Some folks just need killin'" - Karl Childers (Sling Blade 1996))
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To: TSgt

“chairman of the White House Council of Economic Advisers”

He probably cannot screw his next gig up as badly as he did this one.


3 posted on 06/06/2011 5:49:37 PM PDT by jospehm20
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To: TSgt
Degenerate useless bastard screwed up the real world and returns to academia.

Die screaming fool.

4 posted on 06/06/2011 5:50:10 PM PDT by Rome2000 (OBAMA IS A COMMUNIST CRYPTO-MUSLIM)
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To: TSgt

what’s the old saying... those who can’t do, teach?


5 posted on 06/06/2011 5:50:55 PM PDT by TexasFreeper2009 (Obama = Epic Fail)
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To: TSgt

This Ghoulsbee or Foolsbee character is doing such a splendid job at fixing the economy, he will be sorely missed I’m sure.


6 posted on 06/06/2011 5:51:27 PM PDT by decisis
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To: TSgt

I predicted this on FR 2 weeks ago, although I thought it would be early 2012.

Following in the footsteps of Christina Romer and Jared Bernstein.

It’s like putting in new head coaches every couple yrs at the Detroit Lions.


7 posted on 06/06/2011 5:53:47 PM PDT by nascarnation
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To: jospehm20

teaching? WTF? he grades students.


8 posted on 06/06/2011 5:54:07 PM PDT by personalaccts (Is George W going to protect the border?)
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To: TSgt

Apparently, his appearances on the weekend shows was more than a bump in the road.


9 posted on 06/06/2011 5:54:57 PM PDT by Road Warrior 04 (I miss President Bush greatly! Palin in 2012! 2012 - The End Of An Error! (Oathkeeper))
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To: Bushbacker1

I don’t remember the media making a big deal of Bush inheriting a recession.


10 posted on 06/06/2011 5:56:40 PM PDT by EQAndyBuzz (Sarah Palin - She’s living rent-free inside the MSM’s heads. Credited to Lurk)
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Comment #11 Removed by Moderator

To: TexasFreeper2009
what’s the old saying... those who can’t do, teach?

He is the full saying:

Those who can, do.

Those who can't do, teach.

Those who can't do or teach, work for 0bama.

12 posted on 06/06/2011 6:08:10 PM PDT by FatherofFive (Islam is evil and must be eradicated)
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To: TSgt

He should be able to do a much better job of teaching because he now has real world proof that his ideas not only don’t work, but actually make things worse.


13 posted on 06/06/2011 6:11:25 PM PDT by Iron Munro (The purpose of fighting is to win. There is no possible victory in defense. -- John Steinbeck)
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To: TSgt
"plans to return to teaching economics at the University of Chicago this fall"

It's a cryin' shame. The Chicago School of Economics used to be highly respected. Yeah, it's been a while.

14 posted on 06/06/2011 6:14:50 PM PDT by Mariner (War Criminal #18)
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To: TSgt
Austan Goolsbee, chairman of the White House Council of Economic Advisers, plans to return to teaching economics at the University of Chicago this fall, the White House announced Monday night.

Leaving a position promoting something that doesn't make sense to go back to teaching something that has a chance to make sense.

It didn't take him long to decide did it.

15 posted on 06/06/2011 6:15:17 PM PDT by EGPWS (Trust in God, question everyone else)
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To: TSgt
“Since I first ran for the U.S. Senate, Austan has been a close friend and one of my most trusted advisers,” President Barack Obama said in the White House’s announcement. “Over the past several years, he has helped steer our country out of the worst economic crisis since the Great Depression, and although there is still much work ahead, his insights and counsel have helped lead us toward an economy that is growing and creating millions of jobs. He is one of America’s great economic thinkers.”

“While I am looking forward to returning home to Chicago, I will always be proud of the years I have spent working for this President,” Goolsbee said. “I believe that his judgment, his courage in confronting the worst economic crisis of our lifetimes, and his commitment to the American people have made a tremendous difference for the nation.”

Barf. These BS platitudes are the worst thing to read after eating a nice dinner. These people are simply disgusting.

16 posted on 06/06/2011 6:20:22 PM PDT by zzeeman ("We can evade reality, but we cannot evade the consequences of evading reality.")
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To: TSgt
I wonder if he got tired of waking up every morning and shilling for this fraud usurper.....I mean at some point a guy like Goolsbe must know their economic plans are worthless
17 posted on 06/06/2011 6:24:28 PM PDT by Popman (Obama. First Marxist to turn a five year Marxist plan into a 4 year administration.)
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To: Rome2000

Pretty much sums it up, thanks.


18 posted on 06/06/2011 6:28:01 PM PDT by onona (I play hockey)
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To: TSgt

I don’t want to say anything good about this guy, but, he, probably told one too many lies and his body reversed his mouth and anus.


19 posted on 06/06/2011 6:28:51 PM PDT by depressed in 06 (I'll follow Allen West out of hell.)
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To: TSgt

University of Chicago? The country is run by Chicago thugs.


20 posted on 06/06/2011 6:32:55 PM PDT by ilovesarah2012
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