A shift in focus on the economy?

President Barack Obama may be taking his economic team in a different direction.

Alan Krueger, the Princeton University economist who is viewed as having a pro-labor focus, is expected to be named chairman of the White House Council of Economic Advisors, replacing the more conservative, corporate-friendly Austan Goolsbee.

Such an appointment would be good news, but cannot undo the damage caused by the president’s early ties to the Lawrence Summers crowd. Summers, Goolsbee, Treasury Secretary Timothy Geithner and the rest of the crowd he assembled have been far too committed to the financial system and maintaining the status quo. Krueger alters that mix, but may not have enough juice to offset the Ben Bernanke/Geithner axis.

What we need is an economic team comprised of Krueger, Dean Baker, Paul Krugman and Joseph Stiglitz — which would move the president in a more progressive, pro-labor direction.

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Author: hankkalet

Hank Kalet is a poet and freelance journalist. He is the economic needs reporter for NJ Spotlight, teaches journalism at Rutgers University and writing at Middlesex County College and Brookdale Community College. He writes a semi-monthly column for the Progressive Populist. He is a lifelong fan of the New York Mets and New York Knicks, drinks too much coffee and attends as many Bruce Springsteen concerts as his meager finances will allow. He lives in South Brunswick with his wife Annie. View all posts by hankkalet