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Obama Taps Krueger as Top Economist
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What can people expect from the new chairman of the White House Council of Economic Advisers?
- Duration 3:46
- Date Aug 30, 2011
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Transcript
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Our great ongoing challenges the nation remains.
How to get this economy growing faster.
For challenges to create a climate -- more businesses can post job listings.
Where folks can find good work there -- -- the financial burden -- feeling.
Where families can regain a sense economic security in the lives.
That's our urgent mission and that's what I'm fighting for every single day.
That's why today.
I'm very pleased to nominate Alan Krueger to chair the council of economic advisors come on them here.
That was President Obama -- his new chairman of the white house council of economic advisors.
Pointing jobs expert Alan crew to the post -- reporter from down Jones now has more on that Sarah what can you tell us about this not.
But you know -- Trees -- labor economists from Princeton University this'll be his second round through the administration so familiarity kind of noticed the players here in Washington He was at treasury.
But for the first two years in the Obama administration -- -- fat kid.
You know we really expect him to be a voice in -- room kind of advocating for.
More government action in terms of bringing down the unemployment rate in spurring job creation and things like that.
And was aware of the content -- -- yes fans out there but he's got critics of course like anyone -- -- with a critics say about him.
Yes absolutely I mean really -- are Republicans coming out yesterday it pretty much immediately as it's easier that's.
Saying you know he's an advocate for more government intervention which you know they're not huge fan and -- higher taxes and things like that.
And you know He also has died he's done that and some controversial research in the past not.
That everything he's come up with is something that Republicans really wanna see and -- it'll be interesting you know to see is how the confirmation process is tedious time He sailed through pretty easily last time but you know -- chair.
Of the castle is a little bit more prominent positions have there could be some headwinds.
And we -- -- definitely does have experience but he's not incredibly well known do you think that works for -- against him.
And see real hard to say is well known in terms of you know he's economists' circles that He runs an economist both.
On the left and the right -- to really like in thinking it has really good.
You know policy experience and you know of course experience in this field playwright -- this would be.
A higher profile -- -- used -- it will be interesting to kind of see how that transition plays out and you know I think the first kind of signs you'll see that are intended to see how it goes in the senate confirmation process and the president has been getting a very big speech on Monday of unveiling his big jobs plan how -- general do you -- -- gonna play and that.
He knows how much of Ronald play in this speech because it you know he's not.
Officially in the administration again that instead I mean he's been -- before it kind of makes sense that this is a guy you want on your team kind of helping direct your policy is particularly when it comes to long term joblessness I mean.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Could definitely is is you know pro stimulus kind of guy and He helps design cash for clunkers program He was on the minds behind the tax credit for hiring -- For our businesses are hiring jobless workers and that's kind of the framework he's coming from I definitely don't think we're gonna see.
A more stimulative kind of perspective coming from and -- Mary reporter from Dow Jones thanks so much for joining us today -- and that.
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