COUNCIL OF ECONOMIC ADVISERS
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Back in March, when he still enjoyed remove from the policy fray as an academic at Princeton, Alan Krueger used unusually blunt language to sound the alarm that the American economy was staring at the sort of crisis that seemed unlikely to be fixed absent sustained and aggressive action. So the real question now is whether Krueger's appointment to the top spot on President Obama's economic advisory team will in fact alter the policies coming out of Washington, delivering initiatives that can create jobs. On that score, unfortunately, there is limited reason for optimism.