Wednesday, August 31, 2011

Alan Krueger

Alan Krueger is President Obama's pick to head the White House Council of Economic Advisers. He has to be confirmed by Congress. Another teacher/author/public office holder. Are all the CEOs busy? He could find no one with business experience, profit earning administration?

This man wrote about a study that showed that raising the minimum wage actually increased employment in New Jersey versus Pennsylvania where the minimum wage was not increased. It was later discredited. So much for that theory. On to others.

Like one source said, Krueger is just another of Obama's yes men.

What's interesting is that this man has to be confirmed. Lately Obama has been circumventing Congress all together. He could not get the dream act through his Democratic controlled Congress so he wrote one into law. He could not get Cap and Trade passed either so he's gotten regulations to do the job. I hear he'll be shutting down 10% of our coal powered energy plants by year's end.

Grab your wallet. Our energy prices will "necessarily" sky rocket. That was one of his campaign promises. He's a man of his word.

Next week, he'll be announcing another stimulus package. More roads, more training, more government. This Congress will not pass it but it'll look good, like he's doing something. Plus, it'll be great fodder for his reelection campaign. Those bad Republicans hindered our economic recovery. Genius.

'til later





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