Austan Goolsbee retires

With a double-dip recession looming and an administration that doesn’t appear to have any problem with wildly counter-productive austerity measures, a White House economist who appeared to really understand America’s economic problems and how to fix them realizes that his advice is unappreciated and not being considered, so he’s out the door. This is, of course, the absolutely worst possible time to start agreeing with the deficit hysterics as long-term unemployment is now officially worse than it was during the Great Depression.

This right after the Nobel Prize-winning economist Peter Diamond threw in the towel and returned to M.I.T after waiting since April 2010 to be confirmed for a Federal Reserve post. Republicans are fighting hard to ensure that America has no competent economists in any leadership positions.

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