After Christina Romer's departure, Goolsbee to Lead Council of Economic Advisers:
President Barack Obama will name Austan Goolsbee, a longtime adviser and an architect of his campaign's economic message, to be chairman of the White House Council of Economic Advisers at a White House press conference Friday, an administration official said Thursday night.
No dumping of Larry Summers or any of our other glorified neo/con/liberal/corporate/free trade disasters.
In 2008, we wrote about Obama's economic advisers, noting Goolsbee is your basic University of Chicago neoliberal free traitor type. To make matters worse, Larry Summers and Treasury Secretary Tim Geithner are still in place, so if Goolsbee sees the light on any policies that might help the U.S. middle class, odds are....he will lose to Geithner and Summers regardless.
So, don't expect any real policies changes that will turn the country around or restructure it's economy.