New Obama Economic Head: ‘We’re Not Broke’
- Posted on September 10, 2010 at 7:38am by
Jonathon M. Seidl
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The president just tagged Austan Goolsbee as his next pick to lead the Council of Economic Advisers. But who is he?
A Yale and MIT grad, Goolsbee was a colleague of Obama’s at the University of Chicago, and has been advising the president since 2004. But, like Obama, he doesn‘t subscribe to that university’s historically conservative leanings, says the Wall street Journal:
Despite his pedigree from the historically conservative University of Chicago, Republicans aren’t likely to cheer his stance on taxes. During the 2008 presidential campaign he strongly backed the president’s plan to increase taxes on those earning more than $250,000 a year. Meanwhile, much of his academic research has attempted to counter arguments that tax cuts pay for themselves and that raising taxes on high-income individuals reduces long-term government revenue.
When he appeared on “The Daily Show” last August, he unabashedly supported the stimulus and offered a glimpse into the way he thinks about the economy. For example, according to him, “we the country are not broke,“ and ”when you’re looking in the face of the next Great Depression, that’s not the time to tighten the belt”:
| The Daily Show With Jon Stewart | Mon – Thurs 11p / 10c | |||
| Austan Goolsbee | ||||
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He also likes amateur comedy:
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Comments (122)
rocktruth
Posted on September 10, 2010 at 8:22amI feel better now. Let’s spend another Trillion dollars!
The sad thing is that people believe this propaganda.
Report Post »printdesignchicago.com
Posted on September 10, 2010 at 8:20amprint more money. OBOZO and his clownie clowns are surely hell-bent for leather about trying to ruin this country. it’s about to the point where we will have to just let them collapse everything, then when they fail to pick up the pieces we can say ‘i told yo so’ and leave them lying in their puddle of tears.
bad times are a’comin round the bend…
Report Post »rfycom
Posted on September 10, 2010 at 8:20amThe most important thing we can do to be great Americans is to accept that we are not right about everything.
Report Post »swipernoswiping
Posted on September 10, 2010 at 8:18amthere are far too many pockets left to pick for us to be broke.
Report Post »No More
Posted on September 10, 2010 at 8:17amSo..we don’t tighten our belts, we just keep spending our way out. He lived near Brozo, so he also knows Billy A., They brought us back from the great depression….They set up a advisory panel with professors and union bosses (which ones?)..sounds like the same old BS that is destroying this country. Nov. cannot get here soon enough..Vote these scum out!!
Report Post »Jezzie
Posted on September 10, 2010 at 8:14amNot broke – just “badly bent” . No problem???
Report Post »makom
Posted on September 10, 2010 at 8:10amYea we are not broke, We still have a whole book full of checks.
Report Post »RUMBAROCK
Posted on September 10, 2010 at 8:10amthe way this bus is speeding..i’m praying for a flat tire!
Report Post »dizzyinthedark
Posted on September 10, 2010 at 8:04am………yawn, yep they continue to use the same old adage of ‘say it often enough and they will believe it.’–HOG WASH!
Report Post »Outofctrl247
Posted on September 10, 2010 at 8:03amBO’s and his cronies Ideas are like giving a whale a Tic Tac for fish Breath.
Report Post »KTB
Posted on September 10, 2010 at 8:03amDo they really think we are buying this garbage??? We The People are not that stupid!
Report Post »milehigh
Posted on September 10, 2010 at 8:01amThe creative accounting employed by this (and past) administrations is amazing, try running your business this way and like Enron or Bernie Madoff you would be in jail.
The simplicity of keeping more of the money you have earned from the beginning instead of playing their game of 50 card monte where you have to fill out a ream of paper to get some of it back is lost on politicians and economists.
Report Post »Debrabate
Posted on September 10, 2010 at 8:00amJust another example of the “good ole boy” mentality of Chicago Politics.
Report Post »mrdbcooper
Posted on September 10, 2010 at 12:33pmIt’s not “good old boy” politics, it’s machine politics…try to find a copy of “Don’t Make No Waves, Don’t Back No Losers”, about king Daley the first…reads like an Obama playbook.
Report Post »ann123
Posted on September 10, 2010 at 7:59amMAY GOD HAVE MERCY ON US , we are in such trouble
Report Post »Kilkee
Posted on September 10, 2010 at 8:06amYep…. we are in serious trouble, folks.
Report Post »Loyal1
Posted on September 10, 2010 at 9:38amWe can get ourselves out of this. It’s feasible. It is a long road ahead, but we can get ourselves out of this. We have the right tools still no matter what the pessimists say. Have Hope!
Report Post »Jeff in Miami
Posted on September 10, 2010 at 5:12pmDown south we say, We are in a heap of trouble. Yes we do mean it too!
Report Post »Jeff in Miami
Posted on September 10, 2010 at 5:15pmOne Trillion bottles of beer on the wall, take one down pass it around, 999,999,999,999 bottles of beer on the wall. Yes your right you can not finish this song in your life time!
Report Post »Beckofile
Posted on September 10, 2010 at 7:58amWe have plenty more stacks of paper and ink. ….. Paper is Poverty
Report Post »mnm44
Posted on September 10, 2010 at 7:57amI am rendered speechless. They should read a Dave Ramsey book.
Report Post »JustaDad
Posted on September 10, 2010 at 9:08amAmen to that!
Report Post »JAB
Posted on September 10, 2010 at 7:56amHe’s right…the country will never be broke as long as our gov’t has unlimited power to tax everything and everyone. Need another “share the wealth” social program? Just tax the top income earners more and more to redistribute the wealth. These are the same individuals who have the financial ability to stir the pot of economic growth and create jobs. Yeah, that’s the ticket. I’ve never thought like a Democrat, and I never will. Their economic views and policies are ass-backward.
Report Post »Lester Willox
Posted on September 10, 2010 at 2:38pmOh, he absolutely should! The top marginal tax rate in Americas most prosperous time, the 40s and 50s, was between 80% and 92%!
http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=213
I think we should return to that golden age of prosperty and triple the taxes for the rich.
Report Post »COjohngalt
Posted on September 10, 2010 at 4:05pm“The problem with socialism is that eventually you run out of other people’s money.” Margaret Thatcher
What happens when taxing those earners in the $250K and over group isn’t enough to pay for all of the spending…They will go after those evil $100K earners, and down the pay scale until they get to me and my $40K per year. What is it that was said about Europe in WWII…it will be hear soon if we let it.
First they came for the $250K earners, but I did not speak because I don’t earn $250K….
Report Post »912Cindy
Posted on September 10, 2010 at 7:46pmTo Lester Willox
Report Post »I fundamentally disagree with you that taxing at 80-90% is the right thing to do. What you are saying is that the government can spend a private citizen’s money better or more effeciently than the person who earned it. We should ALL be given the chance to use our money as we see fit. Look at Bill Gates (and so many others) that use their money for charity of THEIR choice. What we really need is to cut the government spending by at least 50% and allow us to dig ourselves out of the hole we are in and let the private citizens determine the use of their own money.
Pittsburgh Rich
Posted on September 10, 2010 at 7:54amWe’ll never be broke. We’ll just print more money.
Report Post »GOTT-EM-MAUSER
Posted on September 10, 2010 at 8:42pmThis is the “PLAN” in a nutshell. For a glimpse of our future, one need look no further than Rhodesia, since Robert Mugabe and his communists with U.S. help, turned it into Zimbawe. A virtual Paradise where a loaf of bread only costs 100 million Mugabedollars, so they eat dirt. We have the exact SAME leadership in this country today, and we’re headed for the very same outcome.
Report Post »TomBurpee
Posted on September 10, 2010 at 7:53am“We’re not going to fail.” – “We’re not going to fail!” – “We’re not going to fail!!!” – “OH MY GOD WE FAILED!!”
“We’re not broke, just don’t forget to pay your f%&king Jon, taxes or we will be!”
“We have a committee, filled with former Goldman Sachs executives, and Goldman Sachs employees. We are committed to driving this economy as deep into debt as possible, and then switching over to a new system of government and economics which will.. Well it will destroy your lives, and enslave you to our whims and (or) commands. Think of it like Soviet Russia, just.. 10x worse because 21% of the population won’t see it coming, and then do everything to keep it once it’s here..”
Ugh, I loath the times we live in.
Report Post »DAJ
Posted on September 10, 2010 at 7:52amWow!!! Keep drinking that kool-aid fool!
Report Post »DAJ
Posted on September 10, 2010 at 7:51amKeep drinking that kool-aid you fool!
Report Post »MusketBall
Posted on September 10, 2010 at 7:50am…another Chicago “colleague”, eh? Wow, now that’s a fresh idea!
Report Post »hillspeak
Posted on September 10, 2010 at 7:49amGeesh this gets old…..one idiot after another and another and another. God Help Us!
Report Post »Jeff in Miami
Posted on September 10, 2010 at 5:10pmEvery time I think maybe they will get a good person they dig a dumber idiot out of the pile.
Report Post »NC
Posted on September 10, 2010 at 7:43amI can’t be broke, I still have more checks.
NC (lives responsibly)
Report Post »Mike Ivey 2010
Posted on September 10, 2010 at 8:06amfunny I love it…..
Report Post »tikibrent
Posted on September 10, 2010 at 10:10amPerfect and sound logic…to those who have four months left!
Report Post »independentvoteril
Posted on September 10, 2010 at 9:50pmsounds like my ex-husband..?
Report Post »Socrates
Posted on September 10, 2010 at 7:41amYou are correct Mr. President, “we are not broke”, we are just so in debt we will never see the light of day.
Report Post »CruzerDog
Posted on September 10, 2010 at 8:02amWhat do you mean were broke, did someone just turn off the printing presses?
Report Post »gbandy
Posted on September 10, 2010 at 10:17amTo use Clinton’s words “define Broke?” We the people are broke but the Government has the printing presses
Report Post »faires
Posted on September 10, 2010 at 3:35pmCruzerdog, EXACTLY!!!_Ya can’t be broke when ya own the printing press!
Report Post »pscully17
Posted on September 10, 2010 at 5:48pmexcept Obama states on may 23, 2009 WE’RE BROKE NOW!!! hmmm I dont remember the Huge recovery and MAgic surplus since then!! Oh wait The stimuls, tarp, Union Jobs Bill The repubs were right maybe he IS BARAK THE MAGIC *****— http://www.youtube.com/watch?v=339qi22oXwo
Report Post »independentvoteril
Posted on September 10, 2010 at 9:47pmCruzerDog.. NO the environmentalist won’t let them cut down any more trees for paper
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