Obama Nominates New Economic Chief – Alan Krueger

President Barack Obama has nominated economist Alan Krueger to a top administration post as the White House looks for solutions to boost the teetering U.S. economy with the 2012 Presidential election looming in the background. Krueger is being nominated to head the White House Council of Economic Advisers.

“I am pleased to nominate Alan Krueger to lead the Council of Economic Advisers. As one of this country’s leading economists, Alan has been a key voice on a vast array of economic issues for more than two decades,” Obama said. “Alan understands the difficult challenges our country faces, and I have confidence that he will help us meet those challenges as one of the leaders on my economic team.”

If his nomination is confirmed by the U.S. Senate, Krueger will replace Austan Goolsbee who left the administration earlier this month. Its been reported that Goolsbee who has spent the last thirty months in the administration trying to create jobs, left so that he would not loose tenure from his old job at the University of Chicago. Goolsbee is the latest administration official to leave the White House in order not to surrender their permanent jobs.

Alan Krueger is currently a professor of economics and public affairs at Princeton University. Krueger’s academic research has primarily looked at the economics of education, unemployment, and income distribution among other areas. Alan Krueger has also served as a top economist at the U.S. Treasury department. While at the Treasury, some of the programs that Krueger worked on included the “Cash for Clunkers” rebate system instituted by the White House and Congress.

Alan Krueger was also the Chief Economist for the U.S. Labor Department during the administration of former President Bill Clinton.

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An experienced trader with a background in political science, Marc got his start as an individual trader surfing the old stock message boards. He is always on the lookout for the next big winner.

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