This afternoon, Politico reported that Austan Goolsbee has been named to take over as the new chairman of the White House Council of Economic Advisers.
Goolsbee, 41, will succeed Christina Romer. A senior administration official said Goolsbee is a team player who can navigate the White House, and is a skilled television interviewee who can help the president promote his economic message.
Goolsbee is a member of the CEA, and staff director and chief economist on the President’s Economic Recovery Advisory Board.
As a University of Chicago economics professor, he advised Obama’s 2004 Senate campaign and 2008 presidential campaign.
In announcing the Economic Recovery Advisory Board in Chicago shortly after Obama’s election, he said: “Austan is one of America’s most promising economic minds, known for his path-breaking work on tax policy and industrial organization. He is one of the economic thinkers who has most shaped my own thinking on economic matters, and I look forward to continuing our close collaboration in the White House.”
Oh, I feel much better about this Goolsbee taking over our economic affairs seeing how he has shaped Obumbles thinking on economic matters! Does this mean we have another borrow and spend genius in the White house who has never run a business?? Again, you cannot borrow, tax, and spend our way into prosperity! That is the socialist mind set! On the other hand, maybe that`s a thought?? Change! Watch out what you vote for, you might just get it? Is it 2012 yet?
Saw your ad on TV this Sunday morning – twice on two separate networks during two favorite Sunday morning programs, NBC’s Meet the Press and CBS Sunday Morning. Buying spots on those networks are quite expensive, I’m sure, so apparently bankrupting.org must have a fairly wealthy group of supporters & players.
I was hoping to find some names of players and supporters for this website, but found none. Wondering if it’s possible to know more about the founders of your organization in the ABOUT section on your website, as it is important for folks to get a feel for the group who propagates information to add proper context; i.e., if your members and/or funding comes from the U.S. Chamber Chamber of Commerce, then I can logically reason that your points and context of the material here, would be skewed to benefit corporations, while expressing disdain for government. Using factual information is crucial to understand the complexities of our broken economy, but it’s also important that ALL SIDES must be explored as well.
For example, it should be mentioned that Bush Republicans ran up a $8.2 trillion debt on the nation’s credit card by March of 2006. During that month, the Republican Senate voted to raise the debt ceiling to $9 trillion to make borrow/spend policy legal, and that statistic may be mentioned here on this ‘Site. But it is important to inject all elements of the system, not just those that would somehow indicate an erroneous conclusion, such as the current occupants of government are the blame for the malaise the country now finds itself in. To mention that the banks collapsed 5 months prior to Pres. Obama assuming office, is important. To mention that in 2003, Bush Republicans voted for an unfunded Medicare bill, costing taxpayers around $534 billion, is important. It is important also, to mention the tax breaks for the wealthy while the nation fought two wars, costing tax payers over $1 trillion; that those wealthy pay only around 15% tax rate when leveraging loopholes. Just hope that we see these elements in your material, as we need all elements before deciding a logical course to take. Thanks.
Least we forget (and it seems so easy for most of you to do) the recession starting long before 2007 and tanked in 2007. NOT DURING DEMOCRATIC PRESIDENCY. Look at the truth openly not through tunnel vision.
“… you cannot borrow, tax, and spend our way into prosperity!”…
Into prosperity? We’re just trying to keep from falling over the cliff, in these times. That the bankers were rescued (a necessary evil(?)) just in time to begin some semblance of a rebound, was just a start. No one’s talking prosperity as much as how to improve on an economy that USED TO provide middle class jobs, but no longer does – for years, in fact. The prosperity I see now, are the 1% who own 42% of the nation’s financial wealth. The same bankers we’ve bailed out are using it as if it were theirs to do with what they please, but that money came from us, under the concept that they would return to lending to small business. It would appear that they had different ideas when they accepted that money from us… Themselves. Reagan’s “trickle-down” didn’t work expect to enable that 1% owning 42% of our wealth, and it would appear that our current great recession provides worthy evidence of that. Watch out who you vote for, indeed.
Must also have truth in ALL things, and remember. The Democrats, Pelosi and Reid took power and control over Congress in 2006. The last two years of Bush administration Congress majority belonged to the Democrats. And from that time they have spent over 7 times what the Bush budget was.
All spending and taxing start and are passed in Congress, per the Constitution.
This is not a pass for the whopper spending put out on us by the Republican Congress, just some facts. And the mortgage/bank crisis put on us was started becasue of rules forced on them by Frank/Dodd Fannie/Freddie crazy that Bush warned them about.
Thus Reagans trickle down did work, check the record. Over government spending leads us down a road to recesson everytime. Notice our current government spending is not having any recovery effect.