Eddie Lazear would in all probability do a very good job as Chair of the President's Council of Economic Advisers:

FT.com / World / US - Economist leads the field to replace Bernanke at CEA: By Andrew Balls and Caroline Daniel: Edward Lazear, a member of President George W. Bush's advisory panel on federal tax reform, is a leading candidate to replace Ben Bernanke as chairman of the White House Council of Economic Advisers (CEA), current and former administration officials said yesterday. Mr Lazear, a Stanford University economist, would bring to the White House expertise on tax policy and in-depth knowledge of the panel's deliberations and proposals -- some of which will be highly controversial in Congress....

Mr Bernanke, who was last week nominated to replace Alan Greenspan as chairman of the Federal Reserve, is helping with the search for his successor, and Mr Lazear is a leading candidate among a small number of names. Mr Lazear, a professor of economics and human resources management at Stanford business school, is primarily known as a labour economist, but his long research record spreads over a range of microeconomic topics. He has strong conservative credentials as a fellow of the Hoover Institution, Stanford's right-leaning research institution. He earned his PhD in economics from Harvard University in 1974.

Last year the White House asked James Poterba, the other economist on the tax panel, if he was interested in the CEA job before Mr Bernanke was nominated. At the time Mr Poterba, a professor at the Massachusetts Institute of Technology, made it clear he was not interested in the position.