Don't expect a New Deal from Obama's new jobs guy

[nadinbrzezinski]

The economists -- right, left and libertarian -- are unanimous: Princeton labor economist Alan Krueger, President Obama's nominee to replace Austan Goolsbee as chairman of the Council of Economic Advisers, is a great choice.

The left appears to like him because his research indicates that raising the minimum wage and allowing greater immigration have only minor negative effects on unemployment. Conservatives are fans, apparently, because he's extremely data driven and not prone to partisan rampage, like some other Princeton economists we could mention. The choice is both obvious -- a labor economist during a time of persistent high unemployment, and, as Ezra Klein notes, incredibly safe: Krueger is a veteran of the Clinton administration who has already served a two-year stint in Tim Geithner's Treasury Department. He collaborated with Larry Summers on his Ph.D. at Harvard -- he is, without doubt, a known quantity.

http://www.salon.com/technology/how_the_world_works/2011/08/29/alan_krueger

[Kennah]

1. I'm expecting Three Card Monte

[MannyGoldstein]

2. At least he doesn't have an obvious track record of

attacking working Americans. That's a substantial change. Even Krugman's in favor.

[nadinbrzezinski]

3. Keep an eye on mavis bacon

and I will leave it at that

[MannyGoldstein]

4. Typing on a touchscreen

Mavis can't save me here... I'm doomed...

[nadinbrzezinski]

5. Here

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x1842478

and here

http://en.wikipedia.org/wiki/Davis%E2%80%93Bacon_Act

Cheap labor, the attack on labor has opened yet another front.

[Javaman]

6. I expect nothing but a seat warmer at this point. nt