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Krueger’s Keynesian Leftovers – Investors.com

08/30/2011

Krueger's resume: VATs, clunkers, minimum wages.

Just a week before he unveils a new, improved jobs plan, President Obama has named a new person to be his top economic adviser, Princeton University’s Alan Krueger. This doesn’t bode well for job creation.

Krueger, a labor economist, is no obscure academic. Though youngish at 50, he’s been around for decades, most recently spending two years in Obama’s Treasury Department. And in the 1990s, he served a stint as Bill Clinton’s chief labor economist.

By naming him to the chairmanship of the president’s Council of Economic Advisers, replacing the departed Austan Goolsbee, Obama is sending a strong signal to the business world, Wall Street and the rest of America: expect little in the way of major economic policy shifts.

Read More at Investors.com.

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