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President Obama will be losing an important spokesman on the front lines of the economic struggle. Dr. Austan Goolsbee, the Chairman of the Council of Economic Advisers for the President since the beginning of his term, has decided to return to academia, teaching at the University of Chicago. In a statement in which Goolsbee praised Obama’s handling of the various crises that have beset the economy, he proudly stated:
“I believe that his judgment, his courage in confronting the worst economic crisis of our lifetimes, and his commitment to the American people have made a tremendous difference for the nation.”
Goolsbee’s departure is a significant symbolic loss from a PR perspective for the Obama administration, as Goolsbee often appeared before the media to face many of the tougher questions about the economy. Goolsbee, a “close friend” and “trusted adviser” in the words of President Obama, will leave an important vacuum at the aforementioned position as well as his role with the Economic Advisory Board.
Contains information from CNN.