Tuesday, June 07, 2011

Goolsbee Gone

No doubt other economists will greet this departure like they've greeted other departures from Washington DC (Christy Romer's comes to mind)...noting how brilliant such and such economist is thus how "unfortunate" their tenure in DC was. Well, here at NBfPB we are not so collegial. Romer was a disaster and Goolsbee was not much better. Here, Ed Morrissey hints that Goolsbee was pushing for a more private sector approach, but I find that hard to swallow given his performance spouting administration gibberish. The administration has been full stream ahead with an overt and aggressive anti-private sector approach from day one with no let up. If Goolsbee was somehow hoping for something else, he his hopelessly naive. I can assure you that Goolsbee would be basking the glow of success had the economic data been better. He gambled and now finds himself on a sinking ship, so he's out.

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