29
Aug
11

monday

The personnel announcement concerns Alan Krueger who the President has nominated to be the next chairman of his Council of Economic Advisers.

The 50-year-old Princeton University professor, who was the assistant secretary for economic policy and the chief economist of the Treasury Department from 2009 to 2010, will replace Austan Goolsbee, who left to teach at the University of Chicago. Krueger also was a chief economist at the Labor Department in President Bill Clinton’s administration.

** Read Steve Benen on Krueger here **

White House live

****

NYT: Consumer spending in the United States rebounded strongly in July to post the largest increase in five months on strong demand for motor vehicles, a government report showed on Monday, supporting views the economy was not falling back into recession.

The Commerce Department said consumer spending increased 0.8 percent, the largest gain since a matching increase in February, after slipping 0.1 percent in June.

… When adjusted for inflation, spending rose 0.5 percent last month, the largest gain since a matching increase in December 2009, after being flat in June.

The data suggested the economy started the third quarter with some strength after growth almost stalled in the first half of the year…..


23 Responses to “monday”


  1. 1 Blue
    August 29, 2011 at 9:53 am

    Personnel announcement? Is Michelle pregnant?

  2. 4 Blue
    August 29, 2011 at 9:55 am

    “Just Kidding” If it was a personal announcement, then I would expect something like that!

    • August 29, 2011 at 12:04 pm

      I did the same thing. I thought it said personal and I was like: “let her be preggers, let her be preggers.” then I looked again, rolled my eyes and sighed when I saw it said personnel. 😕

  3. 6 MTmarilyn
    August 29, 2011 at 9:58 am

    Good morning Chips and TOD family. We are getting rain here in MT and it is wonderful. We have fires going and the rains will help put them out. Prayers are with all those in the East that Hurricane Irene has affected. How can anyone ask if we were overprepared. How can lives saved have a price tag. These people drive me crazy.

    Hope everyone involved has gotten some rest now. It will take along time to clean up. Heard all the rivers in Vermont were flooding. What a storm this has been.

    • 7 proudmemberofglobalzero
      August 29, 2011 at 10:01 am

      Marilyn, I am glad you are getting some relief. I really worry about the east coast. I live in Delray Beach Florida so I know how hard it can be. The flooding and loss of power is the worst part of this storm. We don’t have flooding like most other states. WE are on SAND. Everything drains quickly. I am so worried about Vermont. The water there has no place to go.

      • 8 MTmarilyn
        August 29, 2011 at 10:12 am

        I have friends who still have family in Vermont and they say it is bad. It is much worse than they expected. This is just the beginning of the season. I worry about you all in Florida. Our fires and not been bad. In fact Over all our weather has been great. We can’t complain here in MT.
        Take care. Thank you for all you are doing with Global Zero.

      • 11 57andFemale
        August 29, 2011 at 10:30 am

        I’ll repost this description from my best friend in Northeastern PA (about 100 miles West of Philly, in the Poconos):

        “Irene has been fun so far. We lost power yesterday morning in PA and it has not yet been restored. Authorities say, we may not have it back until Thursday. For us, that means no well, no septic, no stove/oven and no light. We have the Coleman stove out and use the pool water for the commode.

        The ground is so soft from higher than average rainfall this year, and there is so much rock, that many trees do not have deep root systems. Four trees were uprooted on our property. Fortunately, none hit the house. One, on the side of the house, fell AWAY from the house, but damaged the dog’s fence, one fell across the dog’s fence in the backyard, two fell across the driveway on top of the Malibu, but, miraculously, the root ball was above the height of the car, so it covered the car with only a few minor scratches. Once the wind died down some, Gary took out his chain saw and removed it from the car and the driveway while I hauled the brush and trunk chunks to the burn pile. There is still one tree that is partially uprooted being held up by another tree. If that one goes before we can get it taken down, it could hit the house and cause some other damage as well.

        We are pretty fortunate. One father in the area pushed his son out of the way of a falling tree, but the father was killed. Gary and I and the puppies are fine.”

        Still waiting to hear from her daughter in NC, but they are accustomed to storms and I believe they were clearing out for the weekend.

  4. August 29, 2011 at 10:01 am

    Nomination means he’d need Senate confirmation? Good luck with that.

    I wonder if the Obama Campaign will make the obstruction one of the issues of his re-election. Make the eventual GOP Presidential Nominee have to answer for the obstruction – condemn it or condone it.

    • August 29, 2011 at 10:07 am

      Steve Benen: It’s worth noting that the chairman of the White House Council of Economic Advisers is a post that requires Senate confirmation, which suggests Krueger might be able to get to work sometime around 2018.

      http://www.washingtonmonthly.com/political-animal/2011_08/krueger_to_replace_goolsbee_in031852.php

      • 14 Ladyhawke
        August 29, 2011 at 10:46 am

        The American people need to know what is going on with these nominations. The MSM has been looking the other way for years now. This is a scandal. As Steve Benen always says, this is no way to run a democracy in the 21st century. I want the White House to pull back the curtain more forcefully. I thought the post on Judicial Delays was excellent, but I have not heard anything about it since it was posted.

        http://www.whitehouse.gov/blog/2011/08/18/infographic-record-judicial-diversity-record-judicial-delays

        Maybe the White House and the Democrats can create a new feature similar to West Wing Week to address this problem. They could call it “THIS WEEK IN GOP OBSTRUCTION”. Or something a bit more cleaver.

        This new feature could highlight the previous week of lies, distortion, obstruction, filibusters, stalling, delaying, rejecting highly qualified candidates and most importantly what LEGISLATION WAS INTRODUCED AND EXACTLY HOW REPUBLICANS VOTED.

        • August 29, 2011 at 11:11 am

          IMO it won’t happen, (the GOP would be bound to cry that they are being unfairly treated, as they did earlier in the year), but I TRULY like this idea, LH.

        • 16 prettyfoot58
          August 29, 2011 at 11:12 am

          That is a great idea…it would be a great way to push back….love this

        • 17 TrumpDog
          August 29, 2011 at 11:15 am

          Maybe if the damn “professional left” would stop whining over any and everything the president does, they would be pointing out the constant and ridiculous amount of obstructionism the GOP has engaged in the last two year. The money used for “poverty tours” and putting signs on buses claiming President Obama is a Republican could have been instead been used for media ads. But I guess that idea is too complex for emoprogs. 🙄

    • 18 57andFemale
      August 29, 2011 at 10:32 am

      Seriously, it’s time for the WH to lather.rinse.repeat that Republicans are keeping Obama from staffing the government and are doing so to keep government dysfunctional.

      They can rail about their ‘mandate’. Obama had a ‘mandate’ in 2008, too, and has been unable to do what he wants and needs to do to run this nation effectively.

    • August 29, 2011 at 11:21 am

      He was unanimously approved as Assistant Treasury Secretary in 2009 so we’ll have to see what they dream up this time around.

      • 20 utaustinliberal
        August 29, 2011 at 3:48 pm

        My thoughts exactly too Meta. Since he was unanimously approved in 2009 and, Reagan’s CEA and Bush 41’s CEA wrote glowing recommendations about him after the announcement was made and other conservative economists approve of him, even though he leans to the left, I’d like to see what nonsense the GOP pulls out of their hat.

  5. August 29, 2011 at 11:14 am

    Very happy to hear President Obama say “My hope and expectation that we will put COUNTRY BEFORE PARTY and get something done for the American people.” There’s the campaign theme—-“country over party”—-pound it home.


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