President Obama has nominated Princeton University’s Alan Krueger (photo) for Chairman of the White House Council of Economic Advisers (CEA), and if approved by the Senate, Krueger, a labor economist and the Treasury Department’s former chief economist, will replace Austan Goolsbee. "I am very pleased to appoint Alan and I look forward to working with him," Obama stated, shifting his eyes between two flat-screen teleprompters during a statement on Monday. "I have nothing but confidence in Alan as he takes on this important role as one of the leaders of my economic team."

Supporters of the President’s appointment regard Kreuger as one of the nation’s leading labor economists, an "expert" who has studied every facet of the economic landscape, with unparalleled expertise in the fields of education, unemployment, and the minimum wage. "With 25 million people unemployed, it’s fitting and appropriate that one of the country’s preeminent labor economists heads the CEA," asserted Robert Reich, a Labor Secretary in the Clinton administration.

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