He's to the left of Larry Summers but is that really saying much? Just in time for the election, it's more of the mushy middle. Who knew "change" could be more of the same?
President Obama on Friday will promote a longtime economic adviser, Austan D. Goolsbee, to chairman of his Council of Economic Advisers, signaling continuity even as a high unemployment rate has left much of the public dissatisfied with administration policies.
Mr. Obama’s decision to elevate Mr. Goolsbee, a left-of-center economist, to succeed Christina D. Romer, who returned this month to the University of California, Berkeley, is part of a broader flux within the White House economic team, as architects of the government’s response to the worst recession in 80 years begin moving up and out and their roles shift.
Mr. Goolsbee has been serving as a member of the three-person advisory panel since the beginning of the Obama administration.
