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Top White House economist Goolsbee steps down
Yahoo/(Reuters) ^ | 6/6/12 | Alister Bull and Caren Bohan

Posted on 06/06/2011 8:26:17 PM PDT by woofie

WASHINGTON (Reuters) – Top White House economist Austan Goolsbee said on Monday he was stepping down, marking the exit of one of President Barack Obama's closest aides at a time when new signs of weakness have emerged in the economy.

Less than a year after he was named chairman of the White House Council of Economic Advisers, Goolsbee plans to return to his teaching job at the University of Chicago, the Obama administration said in a statement. Goolsbee's departure leaves Treasury Secretary Timothy Geithner as the sole remaining senior member of the original economic team. Goolsbee and Obama got to know each other at the University of Chicago, where the president had been a lecturer in constitutional law. Goolsbee advised Obama's campaign for the Senate in 2004 and his 2008 presidential campaign.

Goolsbee has been one of the administration's more visible spokesmen on the economy and lately has emphasized his view that the recovery remains solidly on track, despite a report on Friday showing tepid jobs growth and a rise in the unemployment rate in May to 9.1 percent from 9 percent in April.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: default; economy; goolsbee; obama; qe; stimulus
not Weiner but it may mean something
1 posted on 06/06/2011 8:26:18 PM PDT by woofie
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To: woofie

Nothing but a worthless hack!


2 posted on 06/06/2011 8:27:38 PM PDT by SanFranDan
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To: woofie
Goolsbee plans to return to his teaching job at the University of Chicago, the Obama administration said in a statement.

What's he going to teach? It's obvious free market economics is beyond his comprehension.

3 posted on 06/06/2011 8:28:01 PM PDT by VeniVidiVici (Socialism works great until capitalism hits a rough spot)
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To: SanFranDan

“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,” Obama said in a statement.

>>>>>>>
yea right


4 posted on 06/06/2011 8:28:26 PM PDT by woofie
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To: woofie

Never heard of him/it.


5 posted on 06/06/2011 8:29:16 PM PDT by allmost
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To: woofie
Goolsbee plans to return to his teaching job at the University of Chicago, the Obama administration said in a statement.

If the University of Chicago has any credibility whatsoever, the only way to allow Goolsbee back on campus is as an undergrad studying to get his BA in hopes he might learn something useful.

6 posted on 06/06/2011 8:31:09 PM PDT by blackdog (The mystery of government is not how Washington works but how to make it stop)
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To: VeniVidiVici

Another Obama economic advisor failure abandons the sinking ship like any smart rat would.

Should we also say, another proto-marxist heads back to academia to screw up more impressionable minds?

Marxists aren’t born today. They are created.


7 posted on 06/06/2011 8:31:55 PM PDT by MadMax, the Grinning Reaper
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To: woofie

He was on one of the talk shows yesterday...said the recent economic bad news was due to the Japanese earthquake.

I’m not making this up.


8 posted on 06/06/2011 8:32:04 PM PDT by Fishtalk (http://patfish.blogspot.com/201102/freerepublic-ping-list-compilation.html-Freep Ping Blog post)
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To: woofie

Thank goodness! Goolsby has been lying about the economy for the Obama administration for some time now. I imagine he’s just plumb run out of excuses for the mess and is relieved to make his exit.


9 posted on 06/06/2011 8:32:23 PM PDT by MNGal
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To: woofie

Like RATS from a sinking ship.


10 posted on 06/06/2011 8:32:47 PM PDT by Doob ("My mass x my velocity = your A**" - Early Cuyler)
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To: woofie

This idiot teaches?

A college lets him?

I guess standards are way lower than I imagined.


11 posted on 06/06/2011 8:32:47 PM PDT by Da Coyote
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To: woofie

>>Goolsbee and Obama got to know each other at the University of Chicago, where the president had been a lecturer in constitutional law.<<

I don’t know which is worse. The idea that barry the zero, who clearly doesn’t understand the USC lecturing about Constitutional Law or “meeting” an academic, which between them have never even run a lemonade stand or had a paper route, and then making that same academic responsible for economic “advice” (read: free govt. $$$).

Both are examples of just how low America has fallen.


12 posted on 06/06/2011 8:33:02 PM PDT by freedumb2003 (Herman Cain 2012)
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To: Fishtalk

No, but he was.


13 posted on 06/06/2011 8:33:42 PM PDT by bleach (Sarah! The movie. This summer's blockbuster.)
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To: blackdog

Hopefully he has Bambi pegged as a “one shot wonder” and is making sure he preserves his bennies at the public trough.


14 posted on 06/06/2011 8:33:48 PM PDT by GnuHere
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To: woofie

Another “RAT” leaving the sinking ship. Goolsbee does not want to take the rap for Obama!!! He knows the real skinny and does not want to be around to get thrown under the wheels of the Obama bus!!!


15 posted on 06/06/2011 8:33:57 PM PDT by JLAGRAYFOX
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To: MNGal

now he’s gotta take all that useful “hands on” experience and commence the indoctrination.
What a waste of tuition money!


16 posted on 06/06/2011 8:34:25 PM PDT by Scotswife
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To: woofie

rat jump sink ship


17 posted on 06/06/2011 8:36:40 PM PDT by jocon307
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To: woofie

Typical left wing views on economics. Thought Keyens was god. Tax your way to prosperity type of idiot.


18 posted on 06/06/2011 8:36:40 PM PDT by Fledermaus (As long as John Boehner is Speaker, conservatives are screwed. He's a coward and a crybaby.)
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To: woofie

His work at the Whitehouse is finished. Mission accomplished...


19 posted on 06/06/2011 8:38:07 PM PDT by ArtDodger (Reread Animal Farm (with your kids))
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To: woofie

As the idiot should, especially after this past weekend of failing to convince many over how the economy sucks! =.=


20 posted on 06/06/2011 8:42:48 PM PDT by cranked
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To: woofie
I am loving the fact that over the past year, as the wheels have fallen off the WH's stimulus program, all the wizards that were going to save us have been bailing out. I sure will miss Ghoulsbees brand of blatant incompetence.


21 posted on 06/06/2011 8:43:42 PM PDT by Lazlo in PA (Now living in a newly minted Red State.)
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To: woofie

Proving the old saying, “if you can’t do, teach.”


22 posted on 06/06/2011 8:45:57 PM PDT by bgill (Kenyan Parliament - how could a man born in Kenya who is not even a native American become the POTUS)
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To: woofie

Plans to return to his teaching job...in other words no matter how bad the economy the teach will be working and getting paid those wonderful teacher union salaries:) with bennies I might add:)


23 posted on 06/06/2011 8:46:10 PM PDT by Beowulf9
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To: woofie
"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," Obama said in a statement

If any normal person said this, he'd be taken away by guys in white coats for a long quiet rest somewhere away from sharp objects. It's completely insane.

24 posted on 06/06/2011 8:46:32 PM PDT by hsalaw
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To: woofie
Taking his economic forecasting tools with him


25 posted on 06/06/2011 8:46:43 PM PDT by bigbob
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To: VeniVidiVici

Another Obama economic advisor failure abandons the sinking ship like any smart rat would.

Should we also say, another proto-marxist heads back to academia to screw up more impressionable minds?

Marxists aren’t born today. They are created.


26 posted on 06/06/2011 8:47:45 PM PDT by MadMax, the Grinning Reaper
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To: woofie

Another Keynesian bites the dust.


27 posted on 06/06/2011 8:49:26 PM PDT by Ramius (Personally, I give us... one chance in three. More tea?)
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To: woofie

Hey one helluva job there Goolsbee. If I understand this correctly to be an economic expert one need only have the intelligence of a brick. In a logical world this guy would have a hard time finding a teaching job in an elementary school.


28 posted on 06/06/2011 8:59:10 PM PDT by Graneros (I want to go peacefully like my Dad did, in his sleep -- not screaming, like his passengers.)
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To: woofie

Ghouleesbee bails.

Romer bails.

Summers bails.

Gibbs bails.

Jared what’shisface bails.

This seems like a lot. Is it?


29 posted on 06/06/2011 8:59:19 PM PDT by upchuck (Think you know hardship? Ha! Wait till the dollar is no longer the world's reserve currency.)
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To: woofie

rats
sinking ship


30 posted on 06/06/2011 9:00:07 PM PDT by Lancey Howard
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To: bgill
One of the sickest 'altruistic' truth/lies in human existence. Teachers are always good according to the powers that control them. The powers are currently in chaos, the 'teachers' are currently revolting around the prospect of being decent human beings.

I offer no apologies. I.m not an 'elder' here. I am/ we are pissed.
31 posted on 06/06/2011 9:00:16 PM PDT by allmost
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To: woofie

The cheese stands alone...


32 posted on 06/06/2011 9:01:17 PM PDT by Bean Counter (Your what hurts??)
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To: woofie

33 posted on 06/06/2011 9:18:38 PM PDT by garjog
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To: Ramius

He’s not Keynesian! he was born in America!
http://www.youtube.com/watch?v=gBrHkxqNT7s


34 posted on 06/06/2011 9:26:18 PM PDT by ari-freedom (All we are saying....is give the military a chance)
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To: woofie

Foolsbee getting out while the gettin’ is good?

What’s he gonna teach? Economic Collapse 101?


35 posted on 06/06/2011 9:36:00 PM PDT by WKUHilltopper (Fix bayonets!)
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To: ari-freedom

Wow... that’s funny. And sad. Only one of those people seemed to recognize that Keynesian referred to a school of economic thought.

We’re done for.


36 posted on 06/06/2011 9:43:48 PM PDT by Ramius (Personally, I give us... one chance in three. More tea?)
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To: blackdog
If the University of Chicago has any credibility whatsoever, the only way to allow Goolsbee back on campus is as an undergrad studying to get his BA in hopes he might learn something useful.

At one time, Milton Friedman led the Economics Department at the University of Chicago.

Indeed, Friedman and his students -- like Thomas Sowell and Walter Williams -- represented the so-called "Chicago School" of Economics.

Comparatively speaking, Austan Goolsbee is a dumbass and is not to be mentioned in the same breath as Friedman and his students.

37 posted on 06/06/2011 9:52:48 PM PDT by okie01 (THE MAINSTREAM MEDIA: Ignorance On Parade)
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To: woofie

Pro.bably a Chair waiting for him at Harvard or Berkeley


38 posted on 06/06/2011 9:56:58 PM PDT by Huskrrrr
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To: woofie

..................Goolsbee plans to return to his teaching job at the University of Chicago, ................

Great, he can rejoin such F*****up professors as Blinder and Krugman, both of Princeton, to convert Biffy and Buffy brains into liberal communist mush!


39 posted on 06/06/2011 9:57:30 PM PDT by Noob1999
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To: ari-freedom

Funny


40 posted on 06/06/2011 9:59:14 PM PDT by woofie
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To: VeniVidiVici

He is good at making stupid graphs


41 posted on 06/06/2011 10:56:52 PM PDT by funfan
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To: woofie

It’s not working. It must be really tough on them, to see reality run roughshod over hope and change and theoretical principles.

The left finally got the chance they wanted to absolutely control the American economy. They were going to make a new utopia.

Now that it’s crashing and burning all around them, (and taking people with it), they are clearing out. And probably they are a little confused, but hey, they can always blame W or those evil republicans in congress for the mess. The MSM is willing and ready.


42 posted on 06/06/2011 10:56:58 PM PDT by I still care (I miss my friends, bagels, and the NYC skyline - but not the taxes. I love the South.)
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To: VeniVidiVici
What's he going to teach? It's obvious free market economics is beyond his comprehension.

reminds me of this scene....

"How about...fantasyland?"

43 posted on 06/06/2011 11:01:58 PM PDT by BookmanTheJanitor
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To: woofie
where the president had been a lecturer in constitutional law.

. Ha...0bambi demoted from Professor to lecturer....

....so his resume was fake but accurate.....

44 posted on 06/06/2011 11:33:53 PM PDT by spokeshave (Obamas approval ratings are so low, Kenyans are accusing him of being born in the USA.)
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To: woofie

But his work isn’t finished yet! There are still some Americans left that have jobs.


45 posted on 06/07/2011 3:40:30 AM PDT by Daaave ("I'll hit you so hard they'll arrest you in El Paso for speeding.")
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To: woofie

Ah, and he was doing such a good job! Just when the economy is getting momentum! What a shame!


46 posted on 06/07/2011 4:39:05 AM PDT by ReleaseTheHounds ("The problem with Socialism is that eventually you run out of other people's money." M. Thatcher)
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