And Then There Was One - Obama's Top Economic Adviser Goolsbee to Step Down

Austan Goolsbee, Obama's top economic adviser will step down. Couldn't have anything to do with that dismal jobs report now could it?

This leaves only Treasury Secretary Tim Geithner as the last remaining original Obama appointee. Of course G.E. is still there, although the offshore outsourcer left along with Larry Summers.

Larry Summers, former director of the White House National Economic Council, stepped down at the end of last year to return to his teaching job at Harvard University.

Christina Romer, his predecessor as CEA chair, left last August, also to return to academia, and Peter Orszag resigned as White House budget director last July.

While Goolsbee was better than others, unfortunately he stayed in denial on the trade deficit. He also denied the jobs crisis to the point of proclaiming this month as a bump in the road to recovery. Literally the BLS commissioner had to correct him as well as others echoing such feel good don't worry sentiment, indirectly. Sorry folks, the BLS says the pathetic jobs data is not due to weather. The jobs crisis is clearly not a blip, not a bump in the road.

Goolsbee to Head Obama's Council of Economic Advisers

After Christina Romer's departure, Goolsbee to Lead Council of Economic Advisers:

President Barack Obama will name Austan Goolsbee, a longtime adviser and an architect of his campaign's economic message, to be chairman of the White House Council of Economic Advisers at a White House press conference Friday, an administration official said Thursday night.