I heard him today, I go so sick of him slamming Bush, I wish they’d invite me as a guest, I’d probably start yelling on television
Bush shook up the can, opened it, and then handed it to Obama? Really?! Is he “series”?
More like Obama kicked Bush in the teeth, grabbed the can, took off running, then dropped the can and it exploded.
Austan Goolsbee - arrogant jerk
Goolsbee has been a Research Fellow at the American Bar Foundation
He is Senior Economist to the Progressive Policy Institute (PPI).
Goolsbe is the former host of the television show History’s Business on the History Channel, and he appeared as a surrogate for the Obama presidential campaign.
Goolsbee married Robin Winters on November 1, 1997. She was a management consultant with McKinsey & Company at the time and earlier the director of business development at MTV International
In April 2006, Goolsbee began writing for the Economic Scene column in the New York Times. This column was later moved to Sundays and renamed the Economic View. Before that he wrote the Dismal Science column for Slate.com
Goolsbee was the senior economic advisor to Barack Obama’s 2008 presidential campaign until a Canadian memo was leaked regarding a visit Goolsbee paid to that country’s officials at their consulate in Chicago in April 2008. Critics claimed that at the meeting Goolsbee said that Obama did not really oppose NAFTA as claimed in the Ohio debate.
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Friday, October 17, 2008
Question: Do you think our economy is fundamentally changed forever as a result of this crisis?
Austin Goolsbee: Yes, but not in the negative sense of, “Hey, we’re in a crisis and will we never get out of it” ... I would anticipate that once we get through this crisis we will fundamentally change the oversight of financial institutions in a pretty substantial way and that will last for a long time ...
If the government sat around and waited too long — which, disturbingly, the Bush administration has kind of taken that as their approach — … or, in the worst-case scenario, if the government started doing things that were counterproductive, it could last for a very long time.
Obama’s view is on policy grounds — direct tax credits to companies for creating new jobs, direct spending from the government on critical things for the economy — be they investing in the economic infrastructure of the country [or] money for college to help make college more affordable ...
In the short run, these key additional stimulus measures — money for infrastructure, money to the states, immediate tax relief for middle-class people — try to prevent an admittedly serious downturn from turning into something a lot worse.
The fundamental problem of the current financial crisis is that our banks and financial institutions are under-capitalized. Putting money directly into the banks on a strictly temporary basis is the most direct way to recapitalize banks. You have to be very mindful, [one], that the government is getting its money worth. Two, you’ve got to make sure that if the government is putting in money, they’re not just taking the money and lining their own pockets ... And three, you have to have an orderly plan for the government to get out of that business, because the track record of long-term investing for the government into the banking system is not good. The government ends up steering the loans to places that are more politically palatable rather than profit-making.
Anybody got that picture of Bagdad Bob....
The list, ping
Goolsbee is the White House clown economist who spews his crap like a water sprinker. The guy is a riot.....