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Goolsbee: Debt's a Smaller Problem Than You Think

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 :: Unemployment Discussion :: The World Economy

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Goolsbee: Debt's a Smaller Problem Than You Think Empty Goolsbee: Debt's a Smaller Problem Than You Think

Post by Guest Thu May 12, 2011 10:28 am

Last night I attended most of The Week's annual dinner, which began with two interviews: David Gregory with Chairman of the Council of Economic Advisors Austan Goolsbee, and Gregory with Lindsey Graham. Goolsbee was as cheerful about the economy as he could be while still being tethered to the earth below him.

"While there's a headwind of gas prices," he said, "and you've still got the European financial stuff unresolved, and we had earthquakes, tsunamis, nuclear, Godzilla -- it seems like everything! -- in the face of that, it's been a pretty strong moving-out-of-rescue phase and into a transition-to-growth phase. We've added more than 2 million jobs in the private sector, and that would be a respectable year even in an expansion."

http://www.slate.com/blogs/blogs/weigel/archive/2011/05/12/goolsbee-debt-s-a-smaller-problem-than-you-think.aspx

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Goolsbee: Debt's a Smaller Problem Than You Think Empty Re: Goolsbee: Debt's a Smaller Problem Than You Think

Post by Abbie Thu May 12, 2011 3:25 pm

What kind of drinks were they serving at this dinner?
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Goolsbee: Debt's a Smaller Problem Than You Think Empty Re: Goolsbee: Debt's a Smaller Problem Than You Think

Post by suri Thu May 12, 2011 3:34 pm

Just not a big fan of Goolsbee but that's probably the 'best spin' one can make of it. It's just the old trickle down never worked and now the good basic average middle class are in the basement with no windows or daylight to even remember where to turn. Kind of like the song from Cats "I remember what happiness IS"? Sad

I know so many families where more than one generation is affected by this unemp crisis going on SO LONG the teens/college kids have joined the ranks and NO ONE can help each other ANYMORE! It's beyond cruel and unusual punishment!! Evil or Very Mad

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Goolsbee: Debt's a Smaller Problem Than You Think Empty Re: Goolsbee: Debt's a Smaller Problem Than You Think

Post by Guest Thu May 12, 2011 3:37 pm

Abbie wrote:What kind of drinks were they serving at this dinner?

Goolsbee doesn't need a drink to be clueless. He is far too inexperienced for the position he is in. He fumbles every speech I have heard him give.

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Goolsbee: Debt's a Smaller Problem Than You Think Empty Re: Goolsbee: Debt's a Smaller Problem Than You Think

Post by Abbie Thu May 12, 2011 3:42 pm

DesperateInRI wrote:
Abbie wrote:What kind of drinks were they serving at this dinner?

Goolsbee doesn't need a drink to be clueless. He is far too inexperienced for the position he is in. He fumbles every speech I have heard him give.

I know, I was just joking. He can't tell the truth anyway, it's campaign mode time.
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Goolsbee: Debt's a Smaller Problem Than You Think Empty Re: Goolsbee: Debt's a Smaller Problem Than You Think

Post by gettheminNOVEMBER Thu May 12, 2011 4:46 pm

Schultz not ED but the new talking head for the dems keeps repeating LAZER LIKE focus on jobs. Its really getting old too. How to in experienced eggheads like Goolsby get these jobs. I just want to slap some sense into him. All I would need is one shot at him. perturd
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Goolsbee: Debt's a Smaller Problem Than You Think Empty Re: Goolsbee: Debt's a Smaller Problem Than You Think

Post by Abbie Thu May 12, 2011 5:32 pm

Speaking of debt did you all see the tweet about McConnell and the GOP game plan for the debt ceiling? Made me sick. Ghoulsbee will have a heck of time spinning if that happens. He won't be the only one.

McConnell: If entitlement cuts are part of debt limit deal, it'll save both parties from political damage. http://slate.me/jzGkjI
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