Obama Names New Chief Economist
President Obama is once again picking a new economic adviser from someone who has been on his team. Alan Krueger was chief economist at the Treasury

“If confirmed by the Senate, Mr. Krueger, a labor economist, is likely to provide a voice inside the administration for more-aggressive government action to bring down unemployment and, particularly, to address long-term joblessness.”

“Mr. Krueger, 50 years old, returned to Princeton a year ago after serving as assistant Treasury secretary for economic policy during the first two years of the Obama administration — which means he has recently cleared the sometimes treacherous Senate confirmation process.”

You may remember Mr. Alan Krueger from the “Cash For Clunkers” program that was used to stimulate the auto industry.