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Obama Introduces Alan Krueger As Head Of Council Of Economic Advisers
Time for some more rotation of the titanic's deck chairs with the Princeton labor economist taking over Goolsbee. Unfortunately with Geithner still around, there is no risk America will change its current path heading straight into a Double Dip iceberg.
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enjoy the next 17 months krueger
tennis buddy with sperling
geithner sycophant
colleague of Krugman (in fact he has Krugmans's eyes)
contributing architect of Obama's "stimulus"
former clintonista
etc
This is a wise choice - I'm increasingly impressed by president Obama's ability to make smart choices during these trying times. Professor Alan Krueger (phd, harvard, cornell, princeton) was rated as the 50th best economists in the world by REPEC. Krueger's diligent research has PROVEN the benefits of minimum wage policies on worker's pay. Thanks to his research we can envision a day with minimum wages of $1,000,000+ and increased price controls, making people richer and more prosperous beyond our wildest dreams.
Is Alan Krueger any relation to a Freddy Krueger?
Welcome back Hamy !
God bless us, everyone!
Hey, that's my line!
It's not a revolving door...... it's a Merry-Go-Round
As chairman of the Council of Economic Advisers, Krueger’s salary would be $191,300 a year. In his last full year as a professor at Princeton, Krueger made $369,807, according to his financial disclosure report.
Krueger supplemented that income with consulting, board memberships and speeches, including $7,000 from Goldman Sachs for a speech in June 2008. As council chairman, Krueger would again be working with National Economic Council director Gene Sperling, who left Treasury earlier this year to replace Summers and also drew money from Goldman before joining the administration, earning $887,727 for advice on that company’s charitable giving.
http://www.bloomberg.com/news/2011-08-29/obama-said-to-choose-princeton-s-krueger-for-council-of-economic-advisers.html
Is Obama a Keynesian?
Not if he shows us his birth certificate he's not!
http://azizonomics.com/2011/08/29/is-obama-a-keynesian/
Obama introduces a new boss to the list of managers he has.
Hilarious!
Yeah. How did his last "introduction" go?
http://www.youtube.com/watch?v=l5AncBIR3oY
hahaha
a. Christian
b. Muslim
c. Jew
Nuff said.
UHH What is B) a Muslim?
You make a good point. If our country is all inclusive and favors "diversity" etc etc...Why is a Muslim never selected or even considered for that matter??????
and so you are clueless. his point is that the mass of appointees to governmental economic positions in this country are jewish. check the %age at SEC, Treasury, Fed, etc. and you will be stunned. there is no diversity here.
Because everyone including subhuman scum such as politicians hate muslims, they just aren't allowed to say so in public.
YEp, lets just throw another (ass) hat into the ring.
Mhmmmm:
One of Mr Kruegers books:
What Makes a terrorist: economics and the roots of Terrorism, 2007
I haven't read the book, but I am a believer that these organizations (terrorist) would less prevalent if they had a thriving economy. We should send them SUVs, big screen tv's and lots of cheesy poofs, then they would become fat couch potatoes watching Al Jazeera Idol and be a threat to nobody but themselves.
I have a theory the reason so many terrorists are Middle-Eastern, Muslim men is their reaction to the general unattractiveness of Muslim women. Most of them look like water buffaloes and that makes the men angry and depressed. There aren't many Swedish terrorists because Swedish women are totally hot. My single-point solution to world terrorism - more hot women.
And the difference between him and the last 20 economists to go through the revolving door at the WH?
They can be differentiated by their reasons for more stimulus
He is way more photogenic than the last fat fuck from Harvard.
Why, yes, he is, isn't he ? That said, does the Executive Office of the President have Delta Dental ?
http://toomuchgaming.files.wordpress.com/2011/07/freddy-krueger.jpg
Photogenic of the "crazy brilliant" kind:
http://en.wikipedia.org/wiki/Alan_B._Krueger
Harvard wins again!
a nightmare on 1600.
Rofl Double dip iceberg. Can we get Leonardo as lead to the 2013 hit movie 'Financial Titanic'
In other news, his brother Freddie is the new Czar of Dreams for Naughty Citizens.
Sleep soundly, America.
Nightmare on Main Street Part VIII
Another Keyesian...Bob Wenzel at EPJ cut him to pieces earlier today. http://www.economicpolicyjournal.com/2011/08/obama-to-nominate-extremist-to-head.html
Wenzel is not a Keynesian. He is deeply entrenched in the Austrian School. Don't know how you got that...
I think you misread Bread's post. I read it as him referring to Krueger the Keynesian, not Wenzel.
edit: Axios, not Bread. Sorry.
I think you misunderstood what Axios said. He agrees with you.
Ah. I see now.
sorry.
Labor "economists" such as Krueger are the perfect personification of science made to serve politics and preconceived opinions.
The moment when politics and opinions answers to science will be the moment when Austrian economics become mainstream.
The US is already in a recession, based on Real GDP figures adjusted for CPI.
http://globaleconomicanalysis.blogspot.com/2011/08/us-in-recession-right...
When deflating Nominal GDP using John Williams (Shadowstats) methodology (original CPI method), the US economy has been in a recession since 1990 and it is getting worse.
http://1.bp.blogspot.com/-FWtfsMCfqLU/TlsrAaKSkiI/AAAAAAAAMX8/TtrymyhmiN...
Well, yeah. If you're into accuracy, rigor, and all that.
Aah, just what we needed! Another bright Princeton eCONomist.
I posted this backgrounder on Dr. K earlier today. The guy is a fav of Roubini and worked under Rubin back in the day and recently along side Rattner.
http://www.zerohedge.com/news/personal-saving-rate-plunges-55-50-july-en...
Alan Krueger sodomizes himself with large squash and eats feces. seriously.
So you're his grocer or proctologist or 'roommate'?
Would have prefered Freddy Krueger. The better to slash government spending, my dear.
Another "academic" fucknut to help "fix" things in the real world. Perfect, hey at least everyone knows how to hedge accordingly. We have all seen this dance before.
Krueger: Well it's not so much a double dip recession as an Even Greater Super Moderation.
Newsflash: Goldilocks treated for hypothermia
Anyone who is curious as to what this new "advisor" who is a white tip shoe boys fully fledged official member and what sort of policies you can expect out of him let me give you small taste.This is from:
Inequality, Too Much of a Good Thing
Alan B. Krueger1
Princeton University and NBER
April 16, 2002
I found this on page 26
"The evidence suggests to me that society can have more equality and more efficiency by
allocating shifting resources to education. Such programs could be paid for by rejecting
proposals that would exacerbate income disparities, including the elimination of the
estate tax or cuts in the capital income tax and top income tax rate. Moreover, as noted
earlier, education and training are popular ways to transfer income, probably because of
the good Samaritan’s dilemma. Practical political economy issues of what proposals for
redistributing income are in the feasible set should not be ignored by economists"
Yup..more of the same.
Labor economics usually contributes to screwing up free market systems.
ZOMG! Things will be so much different now!
He also is a huge proponent of the VAT. He believes that should a VAT be enacted, we the consumer would dash out and buy before the tax would take effect and hence improve the economy. Troubling theory as in order to spend, the consumer must have cash and as we all know, the JOBS or lack thereof lends to the current lack of consumer spending. Idiots.
Hooray!!!
Minimum wage increases means more money for everyone!!
/sarc
Meet the new hack...
Same as the old hack...
ten chickens in every pot. a no interest SUV in every 1% market loan refinanced garage
so this new communist will raise minimum wage to buy votes for his boss and implement a tax break for companies to hire more proletariats
"jobs plan" new communist architecht
Krueger = Nitemare On Wall Street
Krueger = Nightmare on Main Street
This probably doesn't need to be said... but I'l lsay it anyhow.... at least Krugman was not asked...
Krueger's last brilliant idea was, wait for it, CASH FOR CLUNKERS
He is a Harvard educated labor economist.
Does ANY reader here think Krueger will be different than the other morons running economic policy for this White House?
I for one, do not. This further demonstrates that this Admin. will not change until the voters act.
Good luck with that whole "voters act" thing. I'm sure they'll get around to it when Jersey Shore is over.
Next stimulus program in the queue... "cash for human clunkers."
Instead of a monthly check, we can give a lump sum payment to any unemployed worker who wasn't smart enough to land a gov't job.
Will they be put in the crushing/shredding machine like the other clunkers were? That sounds like a great way to eliminate the unemployment problem. Which company gets the contract for that?
Cash for Clunkers cost taxpayers $24K per car. Clunkers are not worth $24K a car.
And this Alan Kreuger is now Head of Council of Economic Adviser?
Help! Madman in the White House! Help!
Forgive me for the OT question, but:
I keep getting Obama 2012 ads on here and other sites. I'm not sure how the web ad pricing/selling works, so: Is it good policy to click on the ad? Does the site get more ad money and the campaign pay more for every click-through?
I will crawl naked across broken glass if I have to to vote against the SOB next year, and I will happily click on the ads all day long for the next year if it will force his campaign to spend more money.
He is a co-author of the biggest piece of garbage in the history of econometrics. The way they acquired their data was bullshit. The study has yet to be replicated.
Before going into grad school (for just a year) in econ, I took more math than an engineer--I ended up with 30 hours or so. I felt the need to understand what was going on behind the symbols and graphs they were always drawing on the boards since I hate pretending to know something. This attitude is shared by very few economists, who in fact, use the language of math to to intimidate and to add a sort of mystic credibility to the sand castles built on consensus assumptions. In fact, most of the fuckers couldn't count to 21 without unzipping their pants.
At some point I figured even an ideologue such as Obama would sit back and say "Maybe these guys don't know what the hell they are talking about, I mean I have followed their advice for the last 2 1/2 years and what have I got. Maybe I need to re-think this". Nope Obama is full-on full of the kool-aid. He can't think outside the box, hell, he is the box.
Alan is Freddy Kreuger's evil economic twin! He'll devastate the economy just as Freddy devastated the teen population. I'm sooooo excited!
Economic armageddon this way comes!
Another Princeton economist!
Obama to Princeton economist: Who can you recommend for this position now that you're leaving?
Princeton economist: Why, Princeton economist #2!
Obama to Princeton economist #2: Who can you recommend for this position now that you're leaving?
Princeton economist #2: Why, Princeton economist #3!
Obama to Princeton economist #3: Who can you recommend for this position now that you're leaving?
Princeton economist #3: Why, Princeton economist #4!
This procedure also applies where new economist-advisor positions are created.
Question: How many Princeton PhD economists does it take to screw in a light bulb??
Answer: None or infinetly many... since Princeton PhD economists can't produce anything productive in the real economy...
Rim Shot-Drum Roll
If Krueger's dad had married Ayn Rand, he would be Alan Krueger-Rand. His whole life would have been changed as, instead of pushing socialist economic ideas, he would be pushing gold.
Yeah, either that or he'd still be in therapy.
Nothing more than evidence of an entrenched elite who think they know it all.
-------------
From: http://www.washingtonpost.com/blogs/ezra-klein/post/of-course-its-alan-k...
"Krueger fits this pattern. 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. If you had tried to predict this choice by asking yourself, “who is the former Clinton-administration economist who has an extremely good relationship with the current set of economic-team principals,” Krueger is among the first names you would have come up with"
-------------
These boys will do nothing of significance for "the small people" - only more of the same stealth pillaging of main street to ensure no risks to the banksters and their politico accomplices.
Is that punk ass Bullshit Barry Soetoro back from vacation?
Did anybody notice?
The start of "home vacation" hilarity will ensue...
Some one plug in the teleprompter...
Just what we need, another Clinton hack that was part of the team involved in the early stages of the housing debacle back in 1999. Nice, real nice.
--------------------------
Reference to a September 30, 1999 NY Times article titled:
Fannie Mae Eases Credit To Aid Mortgage Lending
http://newsbusters.org/blogs/p-j-gladnick/2008/09/25/1999-ny-times-article-revealed-true-cause-current-fannie-mae-crises
Unfunded wars, tax cuts and bloated pork programs in good times...tax cuts and austerity in bad times...this is the opposite of Keynesianism, which is dead.
This is Post-Keynesian political opportunism at its extreme... Corporatism for the Oligarchs.
All the Keynesian economists are falling by the way side to the sharper elbowed Wall St crowd.
Obama is between two horses. Fail.
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