Austan Goolsbee, Obama AdvisorIn the past week, President Barack Obama has talked at length about the U.S. economy and his administration's efforts to get the stalled economic recovery restarted. To lead that effort, the president has named Austan Goolsbee to head the White House Council of Economic Advisers.

Obama made the announcement in remarks during a rare White House press conference Friday. "He's not just a brilliant economist, he's someone who has a deep appreciation of how the economy affects everyday people," Obama said.

Goolsbee succeeds Christina Romer who resigned from the post last week to return to private life in California. Goolsbee, who already serves on the council, is a long-time adviser to the president. The former University of Chicago economics professor provided guidance to Obama in his bids for the Senate in 2004 and president in 2008.

Goolsbee's elevation to chairman doesn't require congressional approval since he has already undergone Senate scrutiny as a member of the council. But his appointment may lead to criticism by those in the Republican party who have argued that Obama should fire those on his economics team for failing to get the economy moving again more quickly.

The Battle Over Taxes and Spending

Despite his affiliation with the University of Chicago, known for its right-leaning, free-market philosophy, Goolsbee isn't a conservative. He has long stood against the Bush-era tax cuts for the wealthiest Americans and promoted measures such as expanded health care and increased assistance to help with college tuition.

The Obama press conference follows a week of events that took the president to Milwaukee on Monday for a speech at a Labor Day rally. There, Obama laid out a six-year plan that would provide an additional $50 billion to infrastructure spending for roads, bridges, airports and railways.

He also wants to make permanent a $100 billion research-and-development tax credit and create a $200 billion program to convince U.S. companies to buy more equipment and make other capital improvements in the next two years.

On Wednesday, the president spoke in Cleveland, providing greater detail about the plan and taking on Republicans -- specifically House Minority Leader John Boehner of Ohio. Obama criticized Boehner and other members of his party for failing to come up with any new ideas to help fix the economy.

Boehner has proposed leaving the Bush-era tax cuts in place and cutting government spending to fiscal 2008 levels (with the exception of national security spending). The president in his speech Wednesday reiterated his previously announced proposal to freeze "all discretionary spending unrelated to national security for the next three years." Obama also opposes extending the Bush tax cuts, which are targeted at those who earn $250,000 a year or more.

Whether either plan will be considered by Congress ahead of November's midterm elections remains doubtful, leaving many unemployed and otherwise frustrated Americans in the lurch. Ironically, it may take a deeper worsening of the economy to get Congress to act.

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How about the UFO problem?? When is someone going to deal with all these UFO'S all over the place?

September 12 2010 at 12:25 PM Report abuse -1 rate up rate down Reply

Still not convinced that Obama is a Muslim? TAQIYYA....out of the closet? If it looks like a duck.....Wow compassion at it's finest! Pakistani plea: Make Obama supreme leader of Muslims Prez urged to offer Eid prayers at WTC site on 9/11 anniversary

September 12 2010 at 12:24 PM Report abuse +1 rate up rate down Reply

too bad all the congress and senate,vice president,and president didnt take a lesson from history and create the wpa,ccc once again to pass and start public jobs like fdr did .people would have paid for their houses,paid for their health care,and bought things from small business,s which in turn small business,s would have started hiring more people and this would have caused our economy to yake off.but no they gave the money to banks,and finanical companies that continue,s to give big raise,s to their bosses.this program worked for this country for 75 i hear some people say we are not in a depresion but for those people who are unemployed they are in a depression. so i say to the leaders of this country start being smart and do this public works job and do it now and today.

September 12 2010 at 11:25 AM Report abuse +3 rate up rate down Reply
1 reply to lllcln's comment


September 12 2010 at 11:28 AM Report abuse +2 rate up rate down Reply

sell more made in america than MIC we will grow business but we sell business to China

September 12 2010 at 9:58 AM Report abuse rate up rate down Reply

Tax CUTS not credits for R&D are what this nation needs to get people back into the workplace, but if people are working and independent then they no longer need BIG BROTHER to give them everything--can't have that if your profession is being a politician.

September 12 2010 at 9:53 AM Report abuse +2 rate up rate down Reply

I would think since Bush policies put us in this mess the Republicans would be willing to get this economy rolling again. We the people still remember the 8 years of deteroition, lies, and decline of the middle class with complete disregard for the consequences in the name of making money, caused by Bush and Chaney. He did more damage to this country than any other President in history. The Republicans would be smart not to align themselves with anything that this man has done. I'm a capitolist and proud of our system, but there is a responsiblity that must walk hand in hand with our way of life. The founding fathers new that, and tried to put every safe gaurd they could in the constitution to insure that resposiblity was adheared to. I'm neither Republican or Democrate but I vote for whoever seems genuine, competent and has the health of this country at heart to insure our way of life and country survives. I'm not seeing any of those traits in either party. It time for a big change.

September 12 2010 at 9:52 AM Report abuse -2 rate up rate down Reply

Sounds like more of the same--from each according to his ability to each according to his need.

September 12 2010 at 9:50 AM Report abuse +2 rate up rate down Reply

September 12 2010 at 9:42 AM Report abuse -2 rate up rate down Reply

Oh No, Not another Chicago Mobster in power in DC

September 12 2010 at 9:42 AM Report abuse +3 rate up rate down Reply

it's clear boy wonder is racist,he only appoints white people to go infront of the camaras to spread HIS message.....or are there no blk people educated enough,what gives mr president?.....

September 12 2010 at 9:11 AM Report abuse +1 rate up rate down Reply
1 reply to Bud's comment

Maybe he isn't quite as racist as you seem to be

September 12 2010 at 9:47 AM Report abuse +1 rate up rate down Reply