In what appears to be a tragedy with no answers, a former Barack Obama and Clinton advisor committed suicide this weekend.
Alan Krueger was 58-years-old, was about to publish a new book, and was an active faculty member at Princeton University.
He had two grown children and lived at home with his wife Lisa.
The family confirmed that he killed himself in a statement that was released Monday, but no further details surrounding his death have emerged.
The event is both strange and being barely covered by the mainstream media.
The Daily Mail reported:
The book, which will be released in June, ‘uses the music industry, from superstar artists to music executives, from managers to promoters, as a way in to explain key principles of economics, and the forces shaping our economic lives.’
He was an avid tweeter who used social media almost daily until the end of January when he suddenly stopped. Currency, his publisher, has not commented on his death.
After serving as a Labor Department economist under Bill Clinton, Krueger worked for President Barack Obama as a top Treasury official and then as chairman of the Council of Economic Advisers from 2011 to 2013.
In a statement, Obama credited Krueger with helping revive the U.S. economy after the devastating 2008 financial crisis.
‘He spent the first two years of my administration helping to engineer our response to the worst financial crisis in 80 years and to successfully prevent the chaos from spiraling into a second Great Depression,’ Obama said.
Clinton tweeted: ‘Alan Krueger was a brilliant economist for the public interest – from his research proving that raising the minimum wage doesn’t increase unemployment, to his recent work showing that America’s opioid epidemic has increased it.
‘My thoughts are with his family. We lost him too soon.’
Many experts disagreed with Krueger’s ideas and theories.
Cal Thomas warned America in 2011 about the practicality of Krueger’s ideas.
Alan Krueger is the latest in a long line of professors and academics to populate this administration. Few, if any, have held real jobs in the private sector. They are mostly theorists, whose theories are often proved wrong, but in academia, as well as in government, being wrong rarely disqualifies one from a leadership post. Intentions are all that matter.
Krueger, writing for The New York Times blog in 2009, proposed as an object of discussion, instituting a 5 percent consumption, or value added tax (VAT), on top of the income tax, which he said would “raise approximately $500 billion a year, and fill a considerable hold in the budget outlook.” He acknowledged, though, that a consumption tax would “reduce economic activity” and be a “greater burden for the poor, who spend a relatively high share of their income.”
Krueger favors a national cap-and-trade program, which he says would produce green jobs. He has claimed the $825 billion stimulus was growing the economy, which can’t be taken seriously given the jump in the unemployment rate from 8.2 percent when the stimulus was passed, to the current 9.1 percent. Previous economic advisers Christina Romer and Jared Bernstein predicted that, after the stimulus, unemployment wouldn’t rise above 8 percent.
As The Washington Post fact checker, Glenn Kessler, noted last week, “Unless the economy turns around in the next 18 months, Obama is on track to have the worst jobs record of any president in the modern era.”
In fact, the unemployment experienced under Obama (which was Bush’s fault) turner around immediately after Donald Trump was elected.
However, the death is a real tragedy for the family and friends who knew Krueger.
With little information about the suicide available, here just seems to be more questions than answers.