Austan Goolsbee is the chairman of President Obama's Council of Economic Advisors. He is the Robert P Gwinn Professor of Economics at the University of Chicago, Booth School of Business (currently on leave while he works for the president). He is a centrist and primarily focuses on human behavior as it relates to economics.
I can't think of a more concise and perfect explanation of President Obama's accomplishments in pulling us from the brink of disaster. Maybe it's his voice that aides in this...very deep and manly...hence the man crush. It's almost as if he's going to go and kick the crap out of someone after he's done with this briefing.
So, will this demonstration of numbers, facts, and policies be enough to convince my commenters that President Obama pulled us out of the ditch? Probably not. I anxiously await the remarks from people who have less than one percent of the knowledge and experience in economics juxtaposed with Mr. Goolsbee's presentation.
Remember, naysayers, it is alright to admit when you are wrong.
11 comments:
Nobody gives a shit about this guy.
How about a posting on the money Soros is giving to Media Mutters to shut Beck and FOX up?
Isn't that sort of similar to accepting foreign donations to influence an election?
Let's really get into how (Soros) money is laundered through the Tides Foundation, ACORN Institute & International, Center for American Prosperity, Drummond Pike, Green for All, the newly sponsored investigative newsroom of the HuffPo,
You just don't get it do you Mark? Lies, damn lies and statistics? Beuller? Beuller?
Your man crush guy didn't even give real facts and figures like you claim. What's the source for the data?
Here, for your perusal is the Bureau of labor stats he is (sorta) referencing:
http://data.bls.gov/servlet/SurveyOutputServlet?data_tool=latest_numbers&series_id=CES0000000001&output_view=net_1mth
Now, here the a line chart using the same data as his bar chart:
http://data.bls.gov/PDQ/graphics/CES0000000001_299738_1287637057889.gif
It's really no surprise a shill for the boss would use this chart over any other. It really makes it look like once Obama took office the economy took off and is back to normal now.
Instead take a gander at this chart, it uses exactly the same numbers as the other one. Any ideas why it wasn't used?
http://data.bls.gov/PDQ/graphics/CES0000000001_299738_1287637057667.gif
The second chart shows the actual number of people employed, while the first chart shows the net change per month of people employed.
Looking at and actually understanding what you are looking at and the best you can say about the numbers is that the economy appears to no longer be in a free fall.
My house is not out of the recession. The bread winner has been laid off, my hours were cut. Groceries and gas keep going up. We can't refinance the house with the current employment situation.
It's affecting my marriage in a horrible way. I can't eat. I can't sleep. I'm making myself sick with worry.
Too many households are in our position, we are very, very scared.
It's time to unleash the private sector.
You mean the private sector that got us into the mess in the first place? The private sector that begged the US government (you and I) to bail them out? And then turned around and paid their CEOs 500 times the average worker? That private sector?
No, anon, "unleashing" the private sector would make everything much worse. Please take some time and do a little research as to how and why this happened. I would start with the CNBC doc "House of Cards" and go from there. "Inside Job" is another film you should see. Take some time and decide for youself which party cares about your horrible situation..which one is taking steps to actually fix problems...which one will listen to you.
The federal government's job is to regulate the private sector. They didn't do that and witness the results. People like the Koch brothers are not interested in your family's troubles. Trust me, you do NOT want those people "unleashed." Speaking of which...
Anon up above,
How about the Koch brothers? The amount of money of which you speak is a pond compared to the ocean of cash being poured into defeating Democrats. I'd be happy to have a discussion with you on this matter as long as we include FreedomWorks, The US Chamber of Commerce etc. Did you read Nikto's latest post?
Hey, my last name IS Denison! Whodathunkit?
The private sector is more than just AIG and Goldman Sachs.
"fix problems"? *chuckles
http://www.boston.com/bostonglobe/editorial_opinion/oped/articles/2010/10/20/fannie_freddie_frank_and_fiction/?p1=Well_MostPop_Emailed5
Hey look - a link!
As far back as 1991? Wow! It took that long to "fix" that problem?
Seeing as Mr Goolsbee seems to think that the timing of elections is so gosh darn important, can someone remind me which party owned congress for all that period of red? I could swear that Congress has the power to fix said "failed policies" if it wants to do so. That implies, however, that the people who ply their trade in generalities like "failed policies" actually know what policies failed and aren't trying to just score political points. Which, of course, lefties always were doing, since they couldn't point to said "failed policies" and certainly didn't try to do anything to counteract those failed policies once they had congress.
That's the problem with people that try to play the "hey!! which election event happened around such and such economic event!!" game. It doesn't work so well when you get congress into the picture. Lefties love to try this with the Clinton administration too. Nice try though Mark/Austan.
That private sector?
No, not THAT private sector. The private sector that DOESN'T get bailed out by their buddies in govt - the vast segment of the economy that doesn't suck on govt tit. The people/businesses that tough out the tough times without running to mommy.
But you wouldn't know about them, because you are fundamentally unaware of them. You who have no idea what it is to have to make payroll - to have to pay people who depend on you. That private sector is the one that us crazy ass libertarians and the few small govt conservatives left are talking about. The private sector that Brooks and Galbraith disdain because it isn't BIG or GREAT. The Tea Party knows those people because they ARE those businesses, or because they patronize those businesses. Not like tit-sucking public employees who believe they are entitled to better treatment and pay than private sector workers. Please tell us all about your great dedication and sacrifice - about how you could be making more money in the private sector but you choose to teach. [Hint: there are teachers that is true about - I just doubt you are one.]
ocean of cash being poured into defeating Democrats.
The only ocean of money I see in CA political advertising is coming from the CTA and the prison guard unions. Oh, that's right, the ACLU AND the AFL-CIO supported Citizens United. Sorry, but I've had my second glass of wine and I'm just a little sick of clueless fucks whining about shit they know nothing about - in vino veritas.
in vino veritas.
There you go with your shadowy foreign influence again...
Wine is always a good thing, juris:)
See my post today regarding who the Tea Party "knows."
The federal government's job is to regulate the private sector. They didn't do that and witness the results.
Exactly. The vast majority of people in the private sector did nothing really wrong. Stupid perhaps, poor judgment perhaps, greedy even, on both the buyer's and seller's sides of the equation. But nobody seems to feel bad hating the investors, and sticking the taxpayers with the bill. Meanwhile the people who actually screwed up (like the SEC, the Senate and House Banking/Financial Committees, etc., you know, the folks who couldn't be bothered to do their fucking jobs)... is there a single one of them who lost out of the deal? Anyone get charged with anything, or even fired?
And your solution is to hand those same people more authority, just after showing them that they will not be held accountable.
Same "solution" as the Obama Administration chose for the BP spill. Yes, BP fudged their safety standards. Why? Because the MMS allowed them to. Did that get Ken Salazar fired? Did that get anyone at MMS fired, much less charged with anything?
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