by Calculated Risk on 9/10/2010 08:44:00 AM

From the WSJ: 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.

Tanta, my former co-blogger, once wrote about Goolsbee (back in 2007): Dr. Goolsbee: I’ll Stop Impersonating an Economist If You Quit Underwriting Mortgage Loans

Tanta's post was very funny - but it isn't funny that Goolsbee demonstrated a lack of understanding about the housing market.