Friday, September 10, 2010

Bad economic news

Whenever I hear the word economist used in the same sentence as Chicago I shudder involuntarily. Chicago economists, in my view, are responsible for shuddering Main Street and turning Wall Street into a casino backed with public money. I am not a fan of president Obama's latest pick to chair his Council of Economic Advisors, Austan Goolsbee.

Isn't it interesting that Mr. Goolsbee is described as a "Centrist Economist" in the story above?

Have you ever heard of a "Centrist Mathemetician", "Centrist Surgeon", or "Centrist Rocket Scientist"?

This political appointment signifies that president Obama continues to place his faith in those most responsible for creating the crisis. That is very bad news since spin doesn't pay the bills.

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Foot Quotes

"Ignorance more frequently begets confidence than does knowledge"

Charles Darwin