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Alan Krueger
Alan Krueger

The White House has announced a key nomination this morning:
President Barack Obama on Monday plans to nominate Princeton University's Alan Krueger to be chairman of the White House Council of Economic Advisers, a White House official said.

If confirmed by the Senate, Mr. Krueger, a labor economist, is likely to provide a voice inside the administration for more-aggressive government action to bring down unemployment and, particularly, to address long-term joblessness.

Mr. Krueger, 50 years old, returned to Princeton a year ago after serving as assistant Treasury secretary for economic policy during the first two years of the Obama administration—which means he has recently cleared the sometimes treacherous Senate confirmation process.

Hopefully, he'll be a strong voice for aggressive action, though one doesn't get the sense that he's a "hair on fire" kind of guy when it comes to jobs, though he has argued for increased infrastructure spending.

"I favor the idea of having a new jobs tax credit," he said in a July 1 interview with Bloomberg radio. "If companies increase their payroll by an employee, they could get a $5,000 tax cut to offset their additional hiring costs." [...]

During the debate on the debt ceiling this summer, he argued that businesses were looking for certainty from the political process to start hiring. He also called for patience on the economic recovery and made the case for additional infrastructure spending.

"The recovery does just take time," he said. "There are some things the government can do that also would help like investing in infrastructure."

"That would help to reduce unemployment among construction workers and could lead to an increase in consumption and possible raise confidence and would raise productivity in the future," he said.

Whether he can succeed where others who have argued for more stimulus have failed, like Christina Romer who held the same position early in the administration, remains to be seen. There needs to be voices that counter Geithner right now, someone with new ideas and new arguments. Since Krueger was in Treasury for the first two years of the administration, he might not be that fresh voice. But a labor expert is at least a step in the right direction.

President Obama made this statement in nominating Krueger:

"I am pleased to nominate Alan Krueger to lead the Council of Economic Advisers. As one of this country's leading economists, Alan has been a key voice on a vast array of economic issues for more than two decades,” said President Obama.  "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."

Originally posted to Joan McCarter on Mon Aug 29, 2011 at 07:29 AM PDT.

Also republished by Daily Kos.

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Comment Preferences

  •  Tip Jar (21+ / 0-)

    "There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning." —Warren Buffett

    by Joan McCarter on Mon Aug 29, 2011 at 07:29:45 AM PDT

    •  Why would anybody hire a new employee... (1+ / 0-)
      Recommended by:
      aliasalias

      ...when there isn't demand for the products made by the current labor force because nobody has the money to buy anything?

      The diminution of wages by the "big owners" is coming back like a karmic boomerang.  The lower the wage, the less money people have to spend and the consumer side of business contracts.

      The Republicans balance the contraction on the consumer side with wars that stimulate defense spending.  So the answer to stimulating our current economic model is "Bomb Baby Bomb".

      •  people have money (0+ / 0-)

        they just aren't comfortable spending it.. businesses and individuals alike have more in savings now than they did in past years.    

        it's a lack of confidence.

        particularly in my view in what the thriftless congress chooses to do..

        hey do any of you lefties ever post without bringing up barack's wars?

        •  Fixed it for ya! (2+ / 0-)
          Recommended by:
          trashablanca, Hedwig

          bringing up barack Bush's wars?

          -6.25 -7.08 The glass is neither half-full nor half-empty. The glass is just twice as large as it needs to be. If you play Microsoft CD's backwards, you hear satanic things, but that's nothing, because if you play them forwards, they install Windows.

          by Unit Zero on Mon Aug 29, 2011 at 12:43:22 PM PDT

          [ Parent ]

    •  You're resilient, that's for sure (0+ / 0-)

      Still acting as though this presidency can be saved. One suspects, however, that if Barack Obama were to knock you on the head, you would say he just needs to develop a softer hammer.

  •  looks positively terrified.... (4+ / 0-)
    Recommended by:
    Churchill, NoFortunateSon, eXtina, Palafox
  •  he can't screw it up any worse than in is (0+ / 0-)

    no need to be terrified.

    80 % of success is JUST SHOWING UP ! ! !

    by Churchill on Mon Aug 29, 2011 at 07:34:11 AM PDT

  •  this is the PERFECT moment for our Pres to... (6+ / 0-)
    Recommended by:
    Fury, Churchill, Susipsych, MBNYC, bear83, boofdah

    make a major speech to the nation about putting tons of money into (rebuilding) FIXING OUR INFRASTRUCTURE and using pictures of broken bridges in VERMONT and other such Irene damages.

    "Orwell was an optimist"

    by KnotIookin on Mon Aug 29, 2011 at 07:35:08 AM PDT

  •  It is beyond ridiculous (10+ / 0-)

    that the enabling legislation for this post requires Senate approval. The council reports directly to the President, and its members should serve at his or her pleasure, not that of the too-filibuster-happy U.S. Senate.

    Fuck me, it's a leprechaun.

    by MBNYC on Mon Aug 29, 2011 at 07:35:43 AM PDT

  •  Obama gets it, this is a good sign (1+ / 0-)
    Recommended by:
    accumbens

    but I've seen this movie before.  When his big for a 2nd term is on the line he will help the 14 million unemployed, it wasn't on the line he ignored the 14 million people.

    I hate to have to say that, but I've watched this fake concern before.

    80 % of success is JUST SHOWING UP ! ! !

    by Churchill on Mon Aug 29, 2011 at 07:35:59 AM PDT

    •  This comes two and a half years late (3+ / 0-)
      Recommended by:
      Palafox, Churchill, Dave925

      Who represented working people on the White House Council of Economic Advisers until now? NOBODY, and the President's policies reflect how until now we didn't have a seat at the table.

      Plutocracy too long tolerated leaves democracy on the auction block, subject to the highest bidder ~ BILL MOYERS

      by Lefty Coaster on Mon Aug 29, 2011 at 08:39:12 AM PDT

      [ Parent ]

  •  I sense a head-fake... (6+ / 0-)

    in the direction of "jobs", with more to come.

    Tax credits for businesses with no accountability...  "training" programs that end up as temp work... infrastructure spending that puts some hardhats in visible locations for a few months ...

    and some soaring rhetoric on Labor day.

    It's not a fake orgasm; it's a real yawn.

    by sayitaintso on Mon Aug 29, 2011 at 07:36:01 AM PDT

    •  It better be real, or Jimmy Carter II here we come (1+ / 0-)
      Recommended by:
      Betty Pinson

      80 % of success is JUST SHOWING UP ! ! !

      by Churchill on Mon Aug 29, 2011 at 07:38:45 AM PDT

      [ Parent ]

      •  and you think President Perry is Reagan redux? (1+ / 0-)
        Recommended by:
        Imhotepsings

        President Carter did a fabulous job as former President, so will President Obama. America does not deserve him.

        So predictable!

        •  "America does not deserve him" (0+ / 0-)

          Could you be any more of a slavering worshipper? It's embarrassing.

        •  President Carter did a terrible job (0+ / 0-)

          Part of the job of President is having good policy, the other half is being able to influence others, get the nation on your side, get the other side to compromise, and move the national dialogue forward.

          Carter may have had great political opinions but he convinced the majority of Americans that liberalism is a loser philosophy. He didn't change any minds, and he made Ronald Reagan look good.

          So, no, he was not a good president. Being President requires a set of skills that neither Carter nor Obama have.

          "Only idiots believe the earth is getting warmer. Besides, they've proven it's only getting warmer because of sunspots."

          by Carnet on Mon Aug 29, 2011 at 12:51:25 PM PDT

          [ Parent ]

    •  That's stimulus, for you. (2+ / 0-)
      Recommended by:
      Churchill, Imhotepsings

      It takes a lot of money to make it permanent, and the stimulus can only be spent so fast.

      August 16, 2011: Rick Perry will win the Presidency in 2012.

      by NoFortunateSon on Mon Aug 29, 2011 at 07:40:40 AM PDT

      [ Parent ]

      •  more tax cuts? (2+ / 0-)
        Recommended by:
        accumbens, Dave925

        We've tried tax cuts of lots of different kinds over the past 30 years. It hasn't worked.

        Tax cuts just don't work as stimulus. Might as well burn that money or use it to reduce the deficit. Reducing the deficit by skipping the tax cuts would be just as useless as stimulus than tax cuts, i.e. zero, but it would stop the government from firing teachers and police.

        •  Actually, they do (3+ / 0-)
          Recommended by:
          Imhotepsings, Dave925, sayitaintso

          The question is: whose taxes?

          Also too, they don't work as well as other stimulative measures.

          August 16, 2011: Rick Perry will win the Presidency in 2012.

          by NoFortunateSon on Mon Aug 29, 2011 at 08:26:36 AM PDT

          [ Parent ]

        •  Tax cuts obviously do work as stimulus (0+ / 0-)

          but the effect is temporary, and once it wears off, revenue drops like a rock.

          Bush's tax cuts brought revenue up and kept unemployment down for several years, just as he promised. He just left out the part where the market crashes and all that good energy goes out the window.

          "Only idiots believe the earth is getting warmer. Besides, they've proven it's only getting warmer because of sunspots."

          by Carnet on Mon Aug 29, 2011 at 12:53:41 PM PDT

          [ Parent ]

    •  do you work for the Admin? ROF LMFAO (2+ / 0-)
      Recommended by:
      accumbens, Dave925

      because you have the game plan down.

      80 % of success is JUST SHOWING UP ! Either a real jobs bill, or Sweet Home Chicago for The Amazaing O-Man

      by Churchill on Mon Aug 29, 2011 at 07:46:48 AM PDT

      [ Parent ]

      •  The only way (0+ / 0-)

        the Adminisration will be able to stimulate the economy by creating jobs is to create them through contracting out infrastructure and green energy projects to the private sector.  No way can consumers contribute the demand the economy needs on their own.

        I tend to think if the government is going to spend money contracting out infrastructure jobs that tax cuts won't be necessary for the contracted companies to hire people to do the work.  But I doubt the federal expenditures could get through congress without the proposed tax cuts on top of the contracts.

        "In this world of sin and sorrow there is always something to be thankful for; as for me, I rejoice that I am not a Republican." - H. L. Mencken

        by SueDe on Mon Aug 29, 2011 at 09:54:32 AM PDT

        [ Parent ]

    •  I sense what is known as "sterotypical behavior" (1+ / 0-)
      Recommended by:
      Palafox

      Sam ol' same ol'

      The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt. Bertrand Russell

      by accumbens on Mon Aug 29, 2011 at 08:02:53 AM PDT

      [ Parent ]

  •  25 million Under/Unemployed, may have a chance (3+ / 0-)
    Recommended by:
    TomP, MBNYC, rebel ga

    80 % of success is JUST SHOWING UP ! ! !

    by Churchill on Mon Aug 29, 2011 at 07:36:28 AM PDT

  •  Any practical experience? (3+ / 0-)
    Recommended by:
    Churchill, Silverleaf, Victor Laslo

    We've had just so many theorists in just so many positions in government...I'm wondering if we should go outside that box and start getting people in these positions that have actual experience other than within government or within the "education system".  

    I'm sure Alan Krueger is an extremely intelligent man and a fabulous public servant.  But, maybe we need to look elsewhere sometimes.

    - If you don't like gay marriage, blame straight people. They're the ones who keep having gay babies.

    by r2did2 on Mon Aug 29, 2011 at 07:38:40 AM PDT

    •  We already did in 2010 and look what happened. LOL (0+ / 0-)
      •  In 2010 (0+ / 0-)

        We put more "politicians" in office.  Not sure who you think was elected that had practical experience...job creation experience...or was lauded to do that...especially in any kind of majority.  One or two people (an exception) proves nothin'.  I can't even mention one or two...but, you might be able to do so.

        - If you don't like gay marriage, blame straight people. They're the ones who keep having gay babies.

        by r2did2 on Mon Aug 29, 2011 at 10:20:57 AM PDT

        [ Parent ]

        •  the people who were put in office in 2010, namely (0+ / 0-)

          the freshman Tea Party class, were probably the least experienced, the least competent, the least capable, and the most radical and least 'political' of any since 1776.

          They were mostly elected because they were NOT 'politicians'.

    •  Practical Experience? (0+ / 0-)

      In putting 25 million people back to work and/or trying to strengthen the recovery of one of the worst economic disasters in a century?

      Should the President have nominated Doctor Who?

      •  Doctor Who? (0+ / 0-)

        I see your snarkness, of course.  But, doesn't take away from my point that so far, we haven't got any kind of leadership on job creation.  Yes, I understand the "party of NO" stopping anything being presented...but, where's the leadership to get beyond that?  

        We have the Senate and we have the presidency.  We, as democrats, are a bunch of wimps if we can't work that into some great action to get our people working again.

        Enough with the excuses.  Let's get it done.

        - If you don't like gay marriage, blame straight people. They're the ones who keep having gay babies.

        by r2did2 on Mon Aug 29, 2011 at 10:23:14 AM PDT

        [ Parent ]

  •  Hair-On-Fair about jobs Kreuger, sounds good (0+ / 0-)

    80 % of success is JUST SHOWING UP ! ! !

    by Churchill on Mon Aug 29, 2011 at 07:40:31 AM PDT

  •  Alan understands challenges our country faces (2+ / 0-)
    Recommended by:
    accumbens, Dave925

    with a president that keeps implimenting discredited Republican Reaganomic Theory.

    80 % of success is JUST SHOWING UP ! ! !

    by Churchill on Mon Aug 29, 2011 at 07:41:52 AM PDT

  •  He'll never serve because (1+ / 0-)
    Recommended by:
    Churchill

    he needs senate confirmation.

    The American people must wise up and rise up!

    by TomP on Mon Aug 29, 2011 at 07:44:26 AM PDT

  •  aeuo (0+ / 0-)

    80 % of success is JUST SHOWING UP ! Either a real jobs bill, or Sweet Home Chicago for The Amazaing O-Man

    by Churchill on Mon Aug 29, 2011 at 07:45:25 AM PDT

  •  O's base (use) are so used to the cynical (2+ / 0-)
    Recommended by:
    Palafox, Dave925

    fake stuff that when he makes a good-faith effort we end up thinking, based on past history, that this is just more fake-stuff.

    80 % of success is JUST SHOWING UP ! Either a real jobs bill, or Sweet Home Chicago for The Amazaing O-Man

    by Churchill on Mon Aug 29, 2011 at 07:49:27 AM PDT

  •  Most important factor? (2+ / 0-)
    Recommended by:
    Betty Pinson, Palafox

    "There need to be voices that counter Geithner right now, someone with new ideas and new arguments."  

    What makes me angrier than anything is that the folks who run our economy and government assert-- over and over -- that the rest of us "just don't get it".  What I GET is that they are singularly unwilling to consider ANYTHING that conflicts with their own preconceptions in making policy, including inconvenient facts or other folks' life experiences.  Sadly, I don't see that changing very much -- they are far too entrenched, and have a remarkably effective echo chamber, and have totally internalized that they are completely right and therefore don't need even to examine other approaches or solutions.  (So, the only people allowed to address the status quo are the people who essentially support it?)

    But we mus keep trying, of course.....

    Best,

  •  I'll be curious to see Kroog's reaction ... (2+ / 0-)
    Recommended by:
    HeyMikey, Dave925

    obviously he won't slam a colleague (nor should he have to) but some insight into a Princetonian never bad,

  •  Pretty big if (2+ / 0-)
    Recommended by:
    tardis10, Palafox

    ... "if he gets confirmed" that is.  

    These days, GOP's stand is to oppose the notion that the President can nominate anyone to anything.  Nobody seems to want to tackle that problem, near as I can see.  No one much is raising a stink about it.

    The river always wins. -- Mark Twain

    by Land of Enchantment on Mon Aug 29, 2011 at 07:57:33 AM PDT

  •  he is a good hire - IF he gets confirmed (3+ / 0-)
    Recommended by:
    Jerry056, rebel ga, Fury

    and IF his ideas (and the spend on jobs theme is not radical, just good economics) are not thwarted by the Wall Street sycophants in charge ... a lot of ifs, but you gotta start somewhere

  •  Is he replacing Goolsbee or someone else? nt (0+ / 0-)

    "I'm sculpting now. Landscapes mostly." ~ Yogi Bear

    by eXtina on Mon Aug 29, 2011 at 08:00:11 AM PDT

  •  Sounds like Obama: Nibble around the edges. (5+ / 0-)

    Tax breaks to companies to hire is a joke.  Like companies are going to spend 10s of thousands to hire someone because they save $5k.  Sound like a republican or, as I said, like Obama.  And another Clintonite to boot, showing once again that Obama lacks guts and creativity.  I'll be interested to see what Krugman's take is.

    The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt. Bertrand Russell

    by accumbens on Mon Aug 29, 2011 at 08:00:29 AM PDT

  •   I'm thinking another guy from Princeton...Kru... (3+ / 0-)
    Recommended by:
    HeyMikey, aliasalias, Dave925

    ...the first three letters look right, anyway.

    Tea Party manifesto: We're resigned to our collective fate because we don't want no stinkin' collective future with the likes of you

    by Richard Cranium on Mon Aug 29, 2011 at 08:07:16 AM PDT

  •  What Private Industries? (0+ / 0-)
    "I favor the idea of having a new jobs tax credit," he said in a July 1 interview with Bloomberg radio. "If companies increase their payroll by an employee, they could get a $5,000 tax cut to offset their additional hiring costs."  

    The median household income in the United States is $46,326.

    A $5000 incentive to hire a worker seems low.

    Is an employer really going to be motivated to hire a worker with that low of an incentive?

    I think this mantra about employers hiring people based on tax cuts is a bunch of crap.

    Companies want to pay the lowest wage possible and then have their employees on public assistance for healthcare (paid by taxpayers) and food stamps (paid by taxpayers).  Then claim they are "private industry".  And on top of this set up, they want additional tax cuts (paid by tax payers) and tax credits(paid by taxpayers) to pay for the employees wage.  Then if the company makes criminal decisions and runs their company into the group with fraudulent and criminal scams, they are given a bail out (paid for by the taxpayers).  The employees get fired and the company uses the bail out money, the tax deductions and credits, the hiring incentive to merge with another company and fire additional employees.  Rinse and repeat.  All ok with Obama and the current crop of Democrats.

    Livin' Large in a Tiny World

    by kerplunk on Mon Aug 29, 2011 at 08:10:35 AM PDT

    •  I don't think such a tax cut fails because of low (3+ / 0-)
      Recommended by:
      Betty Pinson, Palafox, Dave925

      salaries.  It fails because what kind of investment is it to give a $5k tax break for spending 10s of thousands of dollars?  It pure bullshit.

      The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt. Bertrand Russell

      by accumbens on Mon Aug 29, 2011 at 08:20:34 AM PDT

      [ Parent ]

  •  Means nothing unless Senate confirms (0+ / 0-)

    Unless Obama successfully fights and forces the Senate to confirm this individual, the appointment means nothing. I don't even accept the symbolic value ("look, I nominated another good guy, don't I get credit for that?") and I don't care about the fellow's qualifications.  Obama has to get good people on the job, or force a major highly-visible constitutional crisis, or I assume he doesn't want them on the job.

    •  dp upi have any information (factual not opinion) (2+ / 0-)
      Recommended by:
      jiffypop, Imhotepsings

      that this candidate will not be confirmed by the Senate.  Is the assumption being made here that because he is a labor  expert' he will be unacceptable to the Senate?  maybe to the repubs, but as far as I know the dems still have the majority, or is it a filibuster you  are predicting?.

      If so I would love to see some backing material to prove that thesis.

      It may be true, if so it needs to be fought.

      At this time in the economic slump the Presider needs to have his own choices to work with.

      http://www.washingtonpost.com/...

  •  OT, Add this to list of differences between GOP (0+ / 0-)

    and Dems.

  •  I think he will be confirmed (2+ / 0-)
    Recommended by:
    Egalitare, Imhotepsings

    Maybe I will regret making that prediciton. But he was confirmed for a position at Treasury in 2009, and I think his confirmation was unanimous(I cant find a roll call vote for the day he was confirmed, so I am guessing it was unanimous/voice vote). The other two CEA members, Katherine Abraham and Carl Shapiro, were confirmed recently(in April).

  •  This is ridiculous. (6+ / 0-)

    If the whole "new job tax credit" is the best idea he has (i admit I haven't bothered to do any other research yet), then it is all just window dressing.

    Why would a company hire new empoyees they don't need just to get a tax credit?  We live in a corporate world and therefore, no CEO is going to agree to hiring more workers whose pay is going to cost more than the tax credit.  Corporations are all about cutting costs and maximizing profits?  So how in the hell would a small tax cut encourage anyone to hire workers when this is a big recession and they don't need the workers.

    And if companies DID need workers, then they would hire them regardless.  

    So it seems to me like a tax credit for new jobs is nothing more than a  corporate loophole to make even more money while offering ZERO help to workers.  IF they need workers, they will hire them regardless.  If they don't need workers, they aren't going to accept the costs or hiring just to get a tax break.  It makes no sense.   All that will happen is companies will say, "yes, this is a good idea" and they won't hire anyone anyway.  And whenever the economy finally turns around, and business starts booming again, then these companies will have yet another nice tax break there waiting for them when they HAVE to hire workers anyway.

    •  obviously Dr Krugman ain't gonna blast (0+ / 0-)

      appointing one of his colleagues.  However, he does approve.  That the guy is not spouting raging Keynesianism does not mean that his worldview is not of an expansionary ilk.  After all, he has to work within the limited menu of policy options that the President wants to play with.  

      There is the "if i ruled the world" sort of commentary Dr Krugman or Stiglitz can offer with anguish.  But within the realm of the hand that the policymakers have dealt (and we know the politicians are running the ship), Krueger's ideas at least endeavor to solve the only problem that matters in the current environs.

      In short, what we know he has said may be tinged with political realism, and that's ok.  I am going to give him a chance.

  •  This is progress, sort of. (1+ / 0-)
    Recommended by:
    Dave925
    There are some things the government can do that also would help like investing in infrastructure.

    It's sad that a timid statement like that is actually an improvement over the past, but I guess we'll have to take what we can get.

    By the way, businesses aren't looking for "certainty" before they hire more workers. They are looking for customers.

  •  Counter Geithner??? He worked for Geithner! (3+ / 0-)
    Recommended by:
    davethefave, Churchill, Dave925

    Labor economist means he studied the topic, not that he's got AFL-CIO, etc approval.

    •  just fire Geithner to counter Geithner (2+ / 0-)
      Recommended by:
      Andrew M, Dave925

      80 % of success is JUST SHOWING UP ! Either a real jobs bill, or Sweet Home Chicago for The Amazaing O-Man

      by Churchill on Mon Aug 29, 2011 at 09:17:33 AM PDT

      [ Parent ]

      •  soccergrandmom in a comment above (1+ / 0-)
        Recommended by:
        Andrew M

        posted a link to Ezra Klein´s take on the appointment.
        Which includes:

        He was the top economist on the Labor Department under Clinton and the top economist for the Treasury Department from 2009-2010. He’s a close tennis buddy of Summers and Geithner. He knows these guys, and they know him.
    •  which makes him either a lackey or (0+ / 0-)

      someone who CAN counter Geithner without the usual claims that "he doesn't know" the political environment.  The President likes people from high fallutin places and does seem to grant them a level of implicit authority.  So a guy who has some experience working in the elite club can't hurt in terms of actually getting the President to listen.  I am not saying you are wrong, but there is a little wait and see here.

  •  Motivations? (2+ / 0-)
    Recommended by:
    Dave925, Carnet

    So was this a thumb in the eye to Obama critic Krugman?

    Or they thought they were actually hiring Krugman?

    Or a page from the Republican playbook that brought us Michael Steele and Sarah Palin?  "You want Krug?..  We can do Krug...."

    ------
    We will see political progress and renewal in America only when enough Republicans decide that they love their children more than they hate liberals.

    by Alden on Mon Aug 29, 2011 at 11:22:02 AM PDT

  •  AFL-CIO President Richard Trumka (0+ / 0-)

    hasnt commented on this event yet, but i can imagine Obama got a wake up call when Trumka said he was not going to give money to just any Democrats.  

    Hopefully, Krueger will be the beginning of a true Jobs Program.  

    I suppose he can still give "input" to Obama even tho he will never get past the crazies in Congress.  

  •  "The recovery does just take time." (0+ / 0-)
    The recovery does just take time.

    Sigh.

    How much time, Krueger?  It's been nearly 3 years, and there is no sign of recovery.

    Perhaps Krueger can be more specific.  What are we looking at?  5 years?  7 years?  10 years?

    The recovery does just take time.

    I'm sure Krueger's Japenese counterpart was singing the same tune during Japan's lost decade.

    Not the kind of comment one wants to hear from a WH economic adviser.  It is a platitude absolving policymakers of responsibility -- the type of 'don't rock the boat' assessment that probably made Krueger an appealing candidate for the position (in the minds of the administration).

  •  Krueger Has Great Credentials And Has Some Good (0+ / 0-)

    ideas - which means the RepubliCONS will stonewall his appointment. I like the jobs credit - the employer has to actually HIRE someone BEFORE they get a tax break. As opposed to the GOP, who wants to shower tax breaks with no strings attached on companies, and HOPE that they hire someone.  Also. Obama can't do a recess appointment, because Boehner has used some technical trick to say that Congress is really NOT in recess (even though it is). Obama should use some trick of his own - since they aren't technically in recess, Obama should call Congress back into session every few days to take up something. Make Boehner pay for using dirty tricks.

  •  lemme guess..... (0+ / 0-)

    he's never had a job... just like the esteemed senior senator from the great state of NY

  •  typical lib/statist/drone blog (0+ / 0-)

    so the fascists in here 'hide' a comment when they don't like it...

    I should have known

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