Economist Paul Krugman for Treasury Secretary

krugman Treasury Secretary

(By the Pragmatic Pundit)

More than 200,000 people have signed a petition asking President Obama to nominate Nobel Prize-winning economist and New York Times columnist Paul Krugman to replace outgoing Treasury Secretary Tim Geithner.

The movement to draft Paul Krugman is a grassroots ambition started by actor Danny Glover of “Lethal Weapon” and “Color Purple” fame.  Glover also has a long history as a political activist, lending his influence to everything from unions to AIDS to poverty.  A member of the Center for Economic and Policy Research , he initiated the petition, with the following statement:

“We just had an election in which both candidates for president were talking about how we need to create jobs.  But now that the election is over, all we are hearing about is how we are going to cut the budget. That’s not going to create jobs… if anything it will create more unemployment.

“We need a Treasury Secretary who understands this, who understands that Wall Street — not the government — caused the Great Recession and needs to be reined in, that austerity in a weak economy doesn’t work — in the U.S. or around the world.  Paul Krugman understands all this and he would be a great pick for Treasury Secretary.”

It’s true.  Unlike most economist, who focus on Wall Street, he approaches solutions to the economic crisis with an eye on best practices for the middle class and poor.  He favors policies that create jobs and opposes cuts in Social Security and Medicare benefits.

According to economist Mark Weisbrot,

“Never before has the public weighed in on who should be Secretary of the Treasury of the United States…This is historically unprecedented.”

The petition, launched through , a site affiliated with, reads:

We urge you to nominate Paul Krugman for Treasury Secretary. Krugman will protect Social Security and Medicare from benefit cuts, promote policies to create jobs, and help defeat the austerity dogma in Washington and around the world.

If you’re not familiar with Paul Krugman, you can learn about him here and here and here.

If you like the idea of Paul Krugman as the Secretary of the Treasury, you can sign the petition here.

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