"Obama Trusted the Wrong Economists"

Well this is interesting this are the 3 Obama economic advisor's for his administration.

CEA Chairman Austan Goolsbee
Goolsbee is on leave from the University of Chicago’s Booth School of Business, where he researched tax policy, American industry, technology and innovation as the Robert P. Gwinn Professor of Economics. He was an economic adviser to Obama’s 2004 Senate campaign before serving as a senior economic adviser to Obama’s 2008 presidential campaign.

Dr. Katharine G. Abraham
Katharine G. Abraham is a member of the Council of Economic Advisers and is responsible for offering the President objective advice on the formulation of economic policy. Abraham is currently on leave from the University of Maryland, where she is a faculty associate in the Maryland Population Research Center and a professor in the Joint Program in Survey Methodology.

Abraham’s research has included work on employment and unemployment, labor market policy and the measurement of economic activity.

Carl Shapiro
Shapiro is a former Alfred P. Sloan Fellow and Fellow at the Center for Advanced Study in the Behavioral Sciences. He was the founding Co-Editor and then Editor of the Journal of Economic Perspectives. Shapiro was Director of the Institute of Business and Economic Research at UC Berkeley from 1998-2008.

www.whitehouse.gov...

Now the involvements with Goldman Sach and Well CEA Chairman Austan Goolsbee is nowhere to be seen in his resume, but he is an University of Chicago favorite and thats where he is going next, now Goldman Sach and the University of Chicago have very closed links. Interesting.

Dr. Katharine G. Abraham I could not find any links to the Goldman or JPs.

Carl Shapiro was also a professor at the University of California at Berkeley and that University also have strong links to Goldman Sach as many members has been graduates from their school of business.

There was MORE than enough stimulus. The real problem is the stimulus/tarp money was used to buy votes and not stimulate the economy. What good did giving large banks billions of dollars do? All they did was use the money to buy out rival banks and then loan the govt's own money back to it.

Imagine if those billions would have been applied to the foreclosure problems? Or given to tax payers straight up as money to stimulate the economy? I read somewhere it would have been around $9k each.

reply to post by jjkenobi


isent it nice to know people in high places. get all the free bailouts you want.... I want to be a banker!