Hey, What (more) Could Go Wrong? Obama Picks Furman to Head Economic Council

This is the same guy who helped fashion the Stimulus-that-Accomplished-Nothing and Obamacare. Great. The country is in the best of hands. Notice that Wile E. Obama, CEO of the ACME Economic Destruction Co. called him “brilliant” – maybe we need less of his kind of brilliant, you know, before we go completely under.

President Obama tapped longtime economic adviser Jason Furman on Monday to be the next chairman of the White House Council of Economic Advisers, calling him “one of the most brilliant economic minds of his generation.”

During a White House ceremony, Obama said Furman — who had previously been identified as the leading candidate for the job — has dedicated his public service career to helping people climb the economic ladder.

“Jason never forgets who it is that were fighting for,” Obama said. “Middle class families, folks who are working hard to climb their way into the middle class, the next generation.”

If confirmed by the Senate, Furman would succeed Alan Krueger, who announced his plans last month to return to his position at Princeton University in the fall. Furman is currently the principal deputy on the National Economic Council, which coordinates economic advice for the president. The Council of Economic Advisers makes recommendations to the president on economic matters and briefs him on data.

The Harvard-trained economist previously worked at the Brookings Institution, a Washington think tank, and joined the Obama campaign in 2008. During his time in the White House, he helped shape the presidents stimulus program at the beginning of Obama’s first term, and he was a core contributor to the shaping of the presidents health care law. More recently, he played a public role in warning that the $1.2 trillion in automatic spending cuts that went into effect in March could cause dire consequences for the economy.

And what happened when the sequester cuts went into effect? Nothing, except in the areas where the administration wanted things to be painful for Joe Citizen. The guy’s brilliant, sez Obama. The other big bonus for Princeton students? The guy who’s leaving -who’s been doing a bangup job, right?- will go back to a cushy tenured professorship where he indoctrinates more skulls full of mush to believe the economic BS they’re peddling in Washington.

via Obama picks Furman to head economic council.


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